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| 1 | AMENDMENT TO SENATE BILL 332 | ||||||
| 2 | AMENDMENT NO. ______. Amend Senate Bill 332, AS AMENDED, | ||||||
| 3 | with reference to page and line numbers of Senate Amendment | ||||||
| 4 | No. 1, on page 3, line 2, by replacing "2" with "6"; and | ||||||
| 5 | on page 3, by replacing lines 19 and 20 with the following: | ||||||
| 6 | "a written notice of intent to sell to each unit of the | ||||||
| 7 | multi-unit"; and | ||||||
| 8 | on page 4, line 1, by inserting "on its website", after | ||||||
| 9 | "Authority"; and | ||||||
| 10 | on page 4, by replacing line 15 with the following: | ||||||
| 11 | "(6) upon the request of the tenant, a statement that | ||||||
| 12 | the owner shall make available to"; and | ||||||
| 13 | on page 5, line 2, by inserting "on its website", after | ||||||
| 14 | "Authority"; and | ||||||
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| 1 | on page 5, by replacing line 9 with the following: | ||||||
| 2 | "offer to"; and | ||||||
| 3 | on page 5, line 14, by inserting "on its website", after | ||||||
| 4 | "Authority"; and | ||||||
| 5 | on page 8, by replacing lines 5 and 6 with the following: | ||||||
| 6 | "may at any time record in the official real estate records of | ||||||
| 7 | the"; and | ||||||
| 8 | on page 12, by replacing lines 19 and 20 with the following: | ||||||
| 9 | "rental property. The notice shall be recorded with the county | ||||||
| 10 | clerk in"; and | ||||||
| 11 | on page 22, by replacing lines 12 through 14 with the | ||||||
| 12 | following: | ||||||
| 13 | "units with comparable rents."; and | ||||||
| 14 | on page 24, line 8, by replacing "Act." with the following: | ||||||
| 15 | "Act. | ||||||
| 16 | (10) Residential property that receives federal, | ||||||
| 17 | State, or local governmental financial assistance or | ||||||
| 18 | subsidy for the purpose of providing affordable rental | ||||||
| 19 | housing. | ||||||
| 20 | (11) Residential property that is subject to a | ||||||
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| 1 | recorded land use restriction agreement, regulatory | ||||||
| 2 | agreement, extended use agreement, affordability covenant, | ||||||
| 3 | or similar legally enforceable restriction requiring that | ||||||
| 4 | all or a portion of the dwelling units remain affordable | ||||||
| 5 | to households at specified income levels for a defined | ||||||
| 6 | compliance period.". | ||||||