Sen. Iris Y. Martinez
Filed: 2/25/2004
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 2466 




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    AMENDMENT NO. ______. Amend Senate Bill 2466 on page 2, by 
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replacing lines 29 through 35 with the following:

 
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    "Sec. 15-178.  Homestead improvements; fire safety system.  
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Homestead properties that (i) have been improved with a fire 
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safety sprinkler system after January 1, 2004 or (ii) have been 
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modified after January 1, 2004 to comply with a fire safety 
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compliance plan approved by the applicable local authorities 
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are entitled to a fire safety homestead improvement exemption, 
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limited to $2,500 or the actual cost of installation or 
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modification, whichever is less, for the year that the system 
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is installed or the modification is made, and $100 each year 
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thereafter that the system or modification remains in place, 
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in"; and
 
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on page 3, by replacing line 16 with the following:
 
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"system or the cost of making a building modification to comply 
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with a life safety compliance plan is recouped by special 
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assessment or similar assessment imposed by a"; and
 
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on page 3, by replacing lines 19 and 20 with the following:
 
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"cost of installation or modification" for the year that the 
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system is installed or the modification is made with respect to 
 


 






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that unit or apartment shall be the"; and
 
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on page 3, immediately below line 35, by inserting the 
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following:
 
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    "For purposes of this Section, "life safety compliance 
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plan" means a plan concerning public safety adopted by a unit 
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of local government that is imposed upon a building owner as an 
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alternative or supplement to any requirement concerning a fire 
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safety sprinkler system.".