CS/CS/HB 453: Timeshares
GENERAL BILL by Government Operations Appropriations Subcommittee ; Civil Justice Subcommittee ; Eisnaugle
Timeshares; Revises provisions relating to timeshares, including amendments made to timeshare instrument, public offering statements, release of certain escrow funds, real estate licensure requirements, multisite timeshare plans, substitutions & deletions of component site accommodations or facilities, etc.
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Bill History
Date Chamber Action 1/20/2015 House • Filed
1/28/2015 House • Referred to Civil Justice Subcommittee; Government Operations Appropriations Subcommittee; Judiciary Committee -HJ 39
2/10/2015 House • PCS on Committee agenda-- Civil Justice Subcommittee, 02/17/15, 9:00 am, Sumner Hall
2/17/2015 House • CS by Civil Justice Subcommittee; YEAS 10 NAYS 2 -HJ 136
2/23/2015 House • Pending review of CS under Rule 7.19(c)
2/24/2015 House • Now in Government Operations Appropriations Subcommittee -HJ 131
3/3/2015 House • Introduced -HJ 39
• CS by Civil Justice Subcommittee read 1st time -HJ 129
3/6/2015 House • On Committee agenda-- Government Operations Appropriations Subcommittee, 03/10/15, 12:30 pm, Morris Hall
3/10/2015 House • CS/CS by Government Operations Appropriations Subcommittee; YEAS 10 NAYS 0 -HJ 216
3/11/2015 House • Pending review of CS under Rule 7.19(c)
• CS/CS by Government Operations Appropriations Subcommittee read 1st time -HJ 212
3/12/2015 House • Now in Judiciary Committee -HJ 228
3/17/2015 House • On Committee agenda-- Judiciary Committee, 03/19/15, 12:30 pm, Reed Hall
3/19/2015 House • Favorable by- Judiciary Committee; YEAS 15 NAYS 1 -HJ 284
• Placed on Calendar -HJ 284
4/13/2015 House • Placed on Special Order Calendar, 04/15/15
4/15/2015 House • Read 2nd time -HJ 543
• Amendment(s) adopted (343879) -HJ 543
• Placed on 3rd reading
4/16/2015 House • Read 3rd time -HJ 568
• CS passed as amended; YEAS 87 NAYS 22 -HJ 569
4/21/2015 Senate • In Messages
• Referred to Regulated Industries; Judiciary; Fiscal Policy -SJ 446
• Received -SJ 446
4/29/2015 Senate • Withdrawn from Regulated Industries; Judiciary; Fiscal Policy -SJ 719
• Placed on Calendar, on 2nd reading -SJ 719
• Substituted for CS/SB 932 -SJ 719
• Read 2nd time -SJ 719
• Read 3rd time -SJ 719
• CS passed; YEAS 38 NAYS 0 -SJ 719
4/29/2015 House • Ordered enrolled
6/11/2015 • Signed by Officers and presented to Governor
• Approved by Governor
6/15/2015 • Chapter No. 2015-144
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CS/CS/HB 453, Enrolled (Current Bill Version) Posted 5/1/2015 at 10:36 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 932 (c1) Timeshares Stargel Similar Last Action: 4/29/2015 S Laid on Table, companion bill(s) passed, see CS/CS/HB 453 (Ch. 2015-144) -SJ 719
Location: Laid on Table
Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 721.05 Definitions. Page 2 (pdf) 721.07 Public offering statement. Page 3 (pdf) 721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title. Page 6 (pdf) 721.125 Page 19 (pdf) 721.14 Discharge of managing entity. Page 20 (pdf) 721.52 Definitions. Page 22 (pdf) 721.53 Subordination instruments; alternate security arrangements. Page 23 (pdf) 721.54 Term of nonspecific multisite timeshare plans. Page 26 (pdf) 721.55 Multisite timeshare plan public offering statement. Page 26 (pdf) 721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 30 (pdf) 721.552 Additions, substitutions, or deletions of component site accommodations or facilities; purchaser remedies for violations. Page 31 (pdf) 721.56 Management of multisite timeshare plans; reservation systems; demand balancing. Page 37 (pdf) 721.57 Offering of timeshare estates in multisite timeshare plans; required provisions in the timeshare instrument. Page 41 (pdf) -
CS/CS/HB 453, Engrossed 1 Posted 4/15/2015 at 4:39 PM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 932 (c1) Timeshares Stargel Similar Last Action: 4/29/2015 S Laid on Table, companion bill(s) passed, see CS/CS/HB 453 (Ch. 2015-144) -SJ 719
Location: Laid on Table
Floor Votes (2)
Date Chamber Result 4/16/2015 11:46 AM House 87 Yeas - 22 Nays 4/29/2015 10:47 AM Senate 38 Yeas - 0 Nays Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 721.05 Definitions. Page 2 (pdf) 721.07 Public offering statement. Page 3 (pdf) 721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title. Page 6 (pdf) 721.125 Page 19 (pdf) 721.14 Discharge of managing entity. Page 20 (pdf) 721.52 Definitions. Page 22 (pdf) 721.53 Subordination instruments; alternate security arrangements. Page 23 (pdf) 721.54 Term of nonspecific multisite timeshare plans. Page 26 (pdf) 721.55 Multisite timeshare plan public offering statement. Page 26 (pdf) 721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 30 (pdf) 721.552 Additions, substitutions, or deletions of component site accommodations or facilities; purchaser remedies for violations. Page 31 (pdf) 721.56 Management of multisite timeshare plans; reservation systems; demand balancing. Page 37 (pdf) 721.57 Offering of timeshare estates in multisite timeshare plans; required provisions in the timeshare instrument. Page 41 (pdf) -
CS/CS/HB 453, Committee Substitute 2 Posted 3/11/2015 at 9:39 AM
Bill Text: PDF Analyses: Judiciary Committee (Post-Meeting) 3/19/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 932 Timeshares Stargel Similar Last Action: 4/29/2015 S Laid on Table, companion bill(s) passed, see CS/CS/HB 453 (Ch. 2015-144) -SJ 719
Location: Laid on Table
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 343879 - Amendment
Remove line 128 and insert:Eisnaugle 4/14/2015
1:41 PMHouse: Adopted
4/15/2015PDF Citations - Statutes (13)
Citation Catchline Location in Bill Location In Bill Help 721.05 Definitions. Page 2 (pdf) 721.07 Public offering statement. Page 3 (pdf) 721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title. Page 6 (pdf) 721.125 Page 19 (pdf) 721.14 Discharge of managing entity. Page 20 (pdf) 721.52 Definitions. Page 22 (pdf) 721.53 Subordination instruments; alternate security arrangements. Page 22 (pdf) 721.54 Term of nonspecific multisite timeshare plans. Page 26 (pdf) 721.55 Multisite timeshare plan public offering statement. Page 26 (pdf) 721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 30 (pdf) 721.552 Additions, substitutions, or deletions of component site accommodations or facilities; purchaser remedies for violations. Page 31 (pdf) 721.56 Management of multisite timeshare plans; reservation systems; demand balancing. Page 37 (pdf) 721.57 Offering of timeshare estates in multisite timeshare plans; required provisions in the timeshare instrument. Page 41 (pdf) -
CS/HB 453, Committee Substitute 1 Posted 2/23/2015 at 2:37 PM
Bill Text: PDF Analyses: Government Operations Appropriations Subcommittee (Post-Meeting) 3/11/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 932 Timeshares Stargel Similar Last Action: 4/29/2015 S Laid on Table, companion bill(s) passed, see CS/CS/HB 453 (Ch. 2015-144) -SJ 719
Location: Laid on Table
Committee Amendments (2)
Amendment Sponsor Filed Last Committee Action Format 488527 - Amendment
Remove lines 553-568Eisnaugle 3/6/2015
4:35 PMAdopted without Objection
3/10/2015PDF 724475 - Amendment
Remove lines 1095-1110Eisnaugle 3/6/2015
4:36 PMAdopted without Objection
3/10/2015PDF Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 721.05 Definitions. Page 3 (pdf) 721.07 Public offering statement. Page 3 (pdf) 721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title. Page 6 (pdf) 721.125 Page 19 (pdf) 721.14 Discharge of managing entity. Page 20 (pdf) 721.27 Annual fee for each timeshare unit in plan. Page 22 (pdf) 721.52 Definitions. Page 22 (pdf) 721.53 Subordination instruments; alternate security arrangements. Page 23 (pdf) 721.54 Term of nonspecific multisite timeshare plans. Page 27 (pdf) 721.55 Multisite timeshare plan public offering statement. Page 27 (pdf) 721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 31 (pdf) 721.552 Additions, substitutions, or deletions of component site accommodations or facilities; purchaser remedies for violations. Page 31 (pdf) 721.56 Management of multisite timeshare plans; reservation systems; demand balancing. Page 38 (pdf) 721.57 Offering of timeshare estates in multisite timeshare plans; required provisions in the timeshare instrument. Page 41 (pdf) 721.58 Filing fee; annual fee. Page 43 (pdf) -
HB 453, Original Filed Version Posted 1/20/2015 at 1:33 PM
Bill Text: PDF Analyses: Civil Justice Subcommittee (Post-Meeting) 6/17/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 932 Timeshares Stargel Similar Last Action: 4/29/2015 S Laid on Table, companion bill(s) passed, see CS/CS/HB 453 (Ch. 2015-144) -SJ 719
Location: Laid on Table
Citations - Statutes (16)
Citation Catchline Location in Bill Location In Bill Help 721.05 Definitions. Page 2 (pdf) 721.07 Public offering statement. Page 3 (pdf) 721.08 Escrow accounts; nondisturbance instruments; alternate security arrangements; transfer of legal title. Page 6 (pdf) 721.11 Advertising materials; oral statements. Page 19 (pdf) 721.125 Page 20 (pdf) 721.14 Discharge of managing entity. Page 22 (pdf) 721.27 Annual fee for each timeshare unit in plan. Page 23 (pdf) 721.52 Definitions. Page 23 (pdf) 721.53 Subordination instruments; alternate security arrangements. Page 24 (pdf) 721.54 Term of nonspecific multisite timeshare plans. Page 28 (pdf) 721.55 Multisite timeshare plan public offering statement. Page 28 (pdf) 721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 32 (pdf) 721.552 Additions, substitutions, or deletions of component site accommodations or facilities; purchaser remedies for violations. Page 32 (pdf) 721.56 Management of multisite timeshare plans; reservation systems; demand balancing. Page 39 (pdf) 721.57 Offering of timeshare estates in multisite timeshare plans; required provisions in the timeshare instrument. Page 42 (pdf) 721.58 Filing fee; annual fee. Page 44 (pdf)
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