JOINT CONFERENCE COMMITTEE REPORT

We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on Senate Bill No. 237, report as follows:

A. We recommend that the House Amendment be rejected.

B. We recommend that the engrossed bill be amended as follows to resolve the matter under disagreement.

1. After line 22, engrossed

insert

2. That the purposes of this act shall apply solely to condemnation actions, and no common area shall be reassessed for property tax purposes due to the passage of this act or the valuation standards described in this act.

Respectfully submitted,

Senator Richard H. Stuart

Senator J. Chapman Petersen

Senator Richard H. Black

Conferees on the part of the Senate

Delegate Christopher K. Peace

Delegate M. Keith Hodges

Delegate David L. Bulova

Conferees on the part of the House