SB 1044: HPIA; HHRF; DBEDT; HGIA; PROPERTY INSURANCE; HURRICANE INSURANCE COVERAGE; CONDOMINIUMS; CONDOMINIUM LOAN PROGRAM; CONDOMINIUM LOAN REVOLVING FUND; CONDOMINIUM LOAN LOSS RESERVES PROGRAM; COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS; REPORTS; REIMBURSABLE GENERAL OBLIGATION BONDS; APPROPRIATIONS

Expands the powers of the Hawaii Property Insurance Association and reactivates the Hawaii Hurricane Relief Fund to help stabilize the property insurance market in the State.  Establishes the Condominium Loan Program and the Condominium Loan Revolving Fund, to be administered by the Hawaii Green Infrastructure Authority on behalf of the Department of Business, Economic Development, and Tourism, for the purpose of providing financing for essential repairs and deferred maintenance to condominium associations.  Abolishes the Condominium Loan Revolving Fund on 6/30/2047.  Establishes the Condominium Loan Loss Reserves Program to incentivize lenders to provide loans at competitive rates and terms to allow condominium associations to make necessary maintenance and repairs.  Requires the Insurance Commissioner to conduct a study to develop long-term solutions to help stabilize the property insurance market in the State.  Requires reports to the Legislature.  Authorizes the issuance of reimbursable general obligation bonds to facilitate the initial issuance of policies to condominium associations.  Appropriates funds.  (CD1)