2006 Regular Session

SENATE BILL 782

File Code: Real Property Crossfiled with: HOUSE BILL 1259
Sponsored By:
Senator Gladden
Entitled:
Real Property - Condominiums - Conversion of Rental Facilities - Extended Leases and Moving Expenses

Synopsis:

Increasing from 20% to 25% the percentage of units that a developer converting a rental facility to a condominium is required to set aside for designated households that qualify for extended leases; increasing from $750 to $1,000 the maximum amount of moving expenses for which a developer is required to reimburse specified households; altering the calculation of a specified income eligibility figure from 80% to 70% of the median income for an area; etc.

History by Legislative Date

Senate Action
2/3
First Reading Judicial Proceedings
2/8
Hearing 2/15 at 1:00 p.m.
2/27
Unfavorable Report by Judicial Proceedings
House Action
No Action

Bill indexed under the following Subjects:

CONDOMINIUMS
LANDLORD AND TENANT -see also- EVICTION; LEASES & RENT; etc.
LEASES AND RENT
NOTICES

Bill affects the following Statutes:

Real Property
( 11-102.1 , 11-102.1 , 11-137 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered