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1999 SESSION
HB 2534 Condominium Act; conveyance of units not yet completed.
Introduced by: Alan A. Diamonstein | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Condominium Act; conveyance of units not yet completed. Conforms the Condominium Act to the Real Estate Time-Share Act in allowing for the conveyance of a time-share interest in a condominium unit that has not been substantially completed. In this instance, the bill requires the developer to post, with the Real Estate Board, a completion bond for 100 percent of the cost of completion of the unit. The bill also requires disclosure of the not-yet-complete status of the unit as well as the existence of the completion bond to the purchaser of the time-share interest. The bill contains technical amendments.
FULL TEXT
- 01/21/99 House: Presented & ordered printed 991527204 pdf
- 03/01/99 House: Bill text as passed House and Senate (HB2534ER) pdf
- 04/05/99 Governor: Acts of Assembly Chapter text (CHAP0560) pdf
HISTORY
- 01/21/99 House: Presented & ordered printed 991527204
- 01/21/99 House: Referred to Committee on General Laws
- 01/25/99 House: Assigned to General Laws sub-committee: 1
- 02/01/99 House: Reported from General Laws (25-Y 0-N)
- 02/03/99 House: Read first time
- 02/04/99 House: Read second time and engrossed
- 02/05/99 House: Read third time and passed House (Block Vote) (100-Y 0-N)
- 02/05/99 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/05/99 House: Communicated to Senate
- 02/08/99 Senate: Constitutional reading dispensed
- 02/08/99 Senate: Referred to Committee for Courts of Justice
- 02/10/99 Senate: Pursuant to S. Rule 20(j), rerefer. by C.J. (15-Y 0-N)
- 02/10/99 Senate: Rereferred to General Laws
- 02/17/99 Senate: Reported from General Laws (15-Y 0-N)
- 02/18/99 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/18/99 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 02/19/99 Senate: Read third time
- 02/19/99 Senate: Passed Senate (38-Y 0-N)
- 02/19/99 Senate: VOTE: PASSAGE R (38-Y 0-N)
- 02/19/99 Senate: Rec. of Sen. passage agreed to by Senate (40-Y 0-N)
- 02/19/99 Senate: VOTE: RECONSIDER R (40-Y 0-N)
- 02/19/99 Senate: Passed Senate (39-Y 0-N)
- 02/19/99 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 03/01/99 House: Bill text as passed House and Senate (HB2534ER)
- 03/03/99 House: Enrolled
- 03/03/99 Senate: Signed by President
- 03/05/99 House: Signed by Speaker
- 03/27/99 Governor: Approved by Governor-Chapter 560 (effective 7/1/99)
- 04/05/99 Governor: Acts of Assembly Chapter text (CHAP0560)