Relating To Condominiums.
The bill proposes to amend Section 514B-107 of the Hawaii Revised Statutes to restrict board members from serving more than two consecutive terms. Once a member has completed two terms, they would be eligible to serve again only after a one-term hiatus. This change is expected to encourage new leadership and diminish the risk of entrenched power among long-serving board members, thereby enhancing oversight and potentially reducing misconduct and corruption within these governing bodies.
House Bill 571 aims to address issues within condominium associations in Hawaii by implementing term limits for board members. The bill is premised on the notion that a significant portion of Hawaii's population is governed by these associations, which have faced criticism due to scandals involving embezzlement and corruption. This legislation seeks to foster a more accountable and accessible governance structure for condominium residents, encouraging their active participation in the management of their communities.
While the bill has the support of those advocating for better governance in condominium associations, it may also face opposition regarding the restriction of long-time board members who may have substantial experience. Critics may argue that the experience of established board members could be beneficial in guiding new members, and that imposing term limits might disrupt ongoing community projects and relationships built over time. Nevertheless, supporters emphasize the need for fresh perspectives and greater accountability in light of past abuses.