Committee/Subcommittee Amendment No. 1 to PCS for HB 429 (2024)

Summary

Representative Robinson, W. offered Amendment No. 1 to Bill No. PCS for HB 429 (2024) in the Commerce Committee, replacing lines 86-88 on additions and deletions to timeshare plan facilities without the approval of the owners' association. Under the new text, a deletion of facilities must be approved by a two-thirds vote of the board of administration and be consistent with the fiduciary duties in subsection (2).

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Committee/Subcommittee Amendment No. 1 to PCS for HB 429 (2024).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-3220-commerce-committee-proposed-committee-bill-amendments-fn-pcs-90ecf46337/, SHA-256 651eee1e5faa3953dc0c7f0889ba36e0c3012561aef2b6cf0fa6e3f1b8738637.

Full text

                                          COMMITTEE/SUBCOMMITTEE AMENDMENT
                                           Bill No. PCS for HB 429   (2024)
       Amendment No. 1




            COMMITTEE/SUBCOMMITTEE ACTION
       ADOPTED                     (Y/N)
       ADOPTED AS AMENDED          (Y/N)
       ADOPTED W/O OBJECTION       (Y/N)
       FAILED TO ADOPT             (Y/N)
       WITHDRAWN                   (Y/N)
       OTHER


 1     Committee/Subcommittee hearing bill:     Commerce Committee
 2     Representative Robinson, W. offered the following:
 3
 4          Amendment
 5          Remove lines 86-88 and insert:
 6     additions to the accommodations or facilities of such timeshare
 7     plan, and deletions to the facilities of such timeshare plan
 8     condominium or timeshare cooperative without the approval of the
 9     members of the owners' association provided that the deletion of
10     any facilities is approved by a two-thirds vote of the board of
11     administration and the deletion is consistent with the fiduciary
12     duties set forth in subsection (2).




     PCS for HB 429 a1
      Published On: 2/7/2024 3:41:45 PM
                                  Page 1 of 1

File and source

File: 2024_3220_commerce-committee_proposed-committee-bill-amendments_fn-pcs-for-hb-429-a1.pdf
Size: 109,164 bytes
SHA-256: 651eee1e5faa3953dc0c7f0889ba36e0c3012561aef2b6cf0fa6e3f1b8738637
Our copy: 2024_3220_commerce-committee_proposed-committee-bill-amendments_fn-pcs-for-hb-429-a1.pdf
Original: No public link identified.