SENATE BILL 800

Sponsored By:

Senator Klausmeier

Entitled:

Common Ownership Communities - Fidelity Insurance - Exemption

Synopsis:

Limiting the applicability of a specified requirement that the governing body of a cooperative housing corporation, a condominium, or a homeowners association purchase fidelity insurance by exempting the governing body of a cooperative housing corporation, condominium, or homeowners association containing a specified number or fewer of units, or lot owners, and with less than a specified amount of common charges, assessments, or fees.

History by Legislative and Calendar Date

Senate Action

2/10

First Reading Judicial Proceedings

2/12

Hearing 3/4 at 1:00 p.m.

3/15

Favorable with Amendments Report by Judicial Proceedings

3/16

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/18

Third Reading Passed (47-0)

4/6

Returned Passed

House Action

3/19

First Reading Environmental Matters

3/30

Hearing 4/8 at 1:00 p.m.

4/9

Favorable Report by Environmental Matters

4/2

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (139-0)

Action after passage in Senate and House

5/20

Approved by the Governor

- Chapter 616

Bill indexed under the following Subjects:

Condominiums

Cooperative Associations

Homeowners Associations

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Bill affects the following Statutes:

Corporations and Associations

( 5-6B-18.6 )

Real Property

( 11-114.1 , 11B-111.6 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 578170/01     Offered on: March 16, 2010   at: 11:27 a.m.     Status: Adopted

Committee Votes :

Senate

Judicial Proceedings

House

Environmental Matters

Roll Call Votes (Legislative dates are shown):

Senate

March 18, 2010: Third Reading Passed (47-0)

House

April 3, 2010: Third Reading Passed (139-0)