SB 1216: Vacation and Timeshare Plans
GENERAL BILL by Hutson
Vacation and Timeshare Plans; Exempting certain timeshare plans from specified requirements relating to the creation of a timeshare estate in a nonresidential condominium unit under certain circumstances; specifying that the payment for certain incidental benefits is voluntary; providing that the board of administration of the owners’ association serves as the termination trustee for purposes of implementing the termination of a timeshare plan; authorizing a managing entity to exercise specified powers before, during, or after an actual or anticipated emergency in certain circumstances and for certain purposes, etc.
Last Action: 3/14/2022 Senate - Died in Community Affairs
Bill Text: Web Page | PDF
- Regulated Industries (RI)
- Community Affairs (CA)
- Rules (RC)
Date Chamber Action 12/10/2021 Senate • Filed
1/5/2022 Senate • Referred to Regulated Industries; Community Affairs; Rules -SJ 81
1/11/2022 Senate • Introduced -SJ 81
1/20/2022 Senate • On Committee agenda-- Regulated Industries, 01/25/22, 1:00 pm, 412 Knott Building
1/25/2022 Senate • Favorable by Regulated Industries; YEAS 9 NAYS 0 -SJ 236
1/26/2022 Senate • Now in Community Affairs
3/12/2022 Senate • Indefinitely postponed and withdrawn from consideration
3/14/2022 Senate • Died in Community Affairs
SB 1216, Original Filed Version (Current Bill Version) Posted 12/10/2021 at 1:12 PM
Bill Text: Web Page | PDF Analyses: Regulated Industries (Pre-Meeting) 1/24/2022 (pdf)
Regulated Industries (Post-Meeting) 1/25/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 575 (c1) Vacation and Timeshare Plans Regulatory Reform Subcommittee Similar Last Action: 3/14/2022 H Died in Commerce Committee
Committee Votes (1)
Date Committee Result 1/25/2022 1:00 PM Regulated Industries 9 Yeas - 0 Nays
Citations - Statutes (18)
Citation Catchline Location in Bill Location In Bill Help 721.03 Scope of chapter. Page 4 (pdf) 721.07 Public offering statement. Page 4 (pdf) 721.075 Incidental benefits. Page 6 (pdf) 721.09 Reservation agreements; escrows. Page 38 (pdf) 721.10 Cancellation. Page 10 (pdf) 721.11 Advertising materials; oral statements. Page 11 (pdf) 721.111 Prize and gift promotional offers. Page 39 (pdf) 721.125 Termination of timeshare plans. Page 13 (pdf) 721.13 Management. Page 18 (pdf) 721.131 Page 18 (pdf) 721.52 Definitions. Page 22 (pdf) 721.55 Multisite timeshare plan public offering statement. Page 23 (pdf) 721.551 Delivery of multisite timeshare plan purchaser public offering statement. Page 25 (pdf) 721.82 Definitions. Page 25 (pdf) 721.85 Service to notice address or on registered agent. Page 26 (pdf) 721.855 Procedure for the trustee foreclosure of assessment liens. Page 27 (pdf) 721.856 Procedure for the trustee foreclosure of mortgage liens. Page 32 (pdf) 721.86 Miscellaneous provisions. Page 37 (pdf)
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