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CHAMBER ACTION |
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The Committee on Business Regulation recommends the following: |
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Committee Substitute |
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Remove the entire bill and insert: |
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A bill to be entitled |
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An act relating to real property reform; requiring the |
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Office of Program Policy Analysis and Government |
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Accountability to review and evaluate changes to the laws |
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affecting land sales, exemptions, and mandatory |
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homeowners' associations and disclosure laws related to |
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adult and residential subdivisions; requiring the office |
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to consult with the Department of Business and |
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Professional Regulation, homeowners and homeowners' |
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associations, and developers and to hold hearings; |
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requiring a report; providing an effective date. |
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Be It Enacted by the Legislature of the State of Florida: |
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Section 1. (1) The Office of Program Policy Analysis and |
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Government Accountability shall review and recommend appropriate |
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changes to the laws of this state affecting land sales, |
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exemptions, and mandatory homeowners’ and disclosure laws |
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related to adult and residential subdivisions. In conducting the |
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review, the office shall consider input from a variety of |
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sources, including, but not limited to, the Department of |
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Business and Professional Regulation, homeowners and homeowners' |
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associations, and developers. The office shall hold public |
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meetings in South Florida, Central Florida, and Jacksonville to |
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obtain input. |
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(2) The review shall evaluate the need for any changes and |
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additions to those laws which may be appropriate to protect the |
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interests of consumers and property owners on matters, |
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including, but not limited to, control of the homeowners' |
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association's operations, management and maintenance, disclosure |
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of financial reports by developers or owners, disclosure of all |
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governing documents governing real property, penalties for |
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noncompliance, oversight and funding for such protection of |
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interests, alternative dispute resolution, and assistance in the |
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formulation of rules to implement enforcement. |
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(3) By February 1, 2004, the office shall submit a report |
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of its findings and recommendations to the Governor, the |
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President of the Senate, and the Speaker of the House of |
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Representatives. |
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Section 2. This act shall take effect upon becoming a law. |