PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2698
(Reference to printed bill)
Strike everything after the enacting clause and insert:
"Section 1. Title 33, chapter 16, article 1, Arizona Revised Statutes, is amended by adding section 33-1820, to read:
33-1820. Declarant control
Notwithstanding any provision in the community documents:
1. Each declaration that provides for a period of declarant control of the association shall also provide for the termination of declarant control.
2. For every planned community, without regard to whether the community documents provide for the termination of declarant control, declarant control terminates NOT LATER THAN the date on which the second to last lot in the planned community is conveyed to a buyer."
Amend title to conform