Amend the bill, as and if amended, Part IB, Section 117, GENERAL PROVISIONS, page 562, line 4, by adding an appropriately numbered new proviso to read:
/117.___. (GP: Homeowners Associations Study Committee) There is created the Joint Homeowners Associations Study Committee which shall be composed of the following: two members appointed by the Governor; one member of the Senate appointed by the President Pro-Tempore of the Senate; one member of the Senate Finance Committee appointed by the Chairman of the Senate Finance Committee; one member of the Senate Labor Commerce and Industry Committee appointed by the Chairman of the Commerce and Industry Committee; one member of the Senate appointed by the Senate Majority Leader; one member of the Senate appointed by the Senate Minority Leader; one member of the House of Representatives appointed by the Speaker of the House; one member of the House Ways and Means Committee appointed by the Chairman of the House Ways and Means Committee; one member of the House Labor, Commerce and Industry Committee appointed by the Chairman of the House Labor, Commerce and Industry Committee; one member of the House of Representatives appointed by the House Majority Leader; and one member of the House of Representatives appointed by the House Minority Leader.
The committee shall conduct a study of the feasibility of regulating homeowners associations. The study shall include, but is not limited to, fees or assessments, property owner's rights, and procedures for resolving disputes. Upon completion of the study, the department shall submit a report detailing its findings and recommendations to the Chairman of the Senate Finance Committee and the Chairman of the House Ways and Means Committee. The report must be submitted no later than January 1, 2015. The committee members must be compensated by their appointing authority for their services at the usual rate for mileage, subsistence, and per diem as provided by law for members of state boards, committees, and commissions.
Renumber sections to conform.
Amend sections, totals and title to conform.