BILL NUMBER: SB 995	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Strickland

                        FEBRUARY 9, 2010

   An act to add Section 66452.10.5 to the Government Code, relating
to housing.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 995, as introduced, Strickland. Housing: condominium
conversions.
   Under existing law, the Subdivision Map Act authorizes the
conversion of a stock cooperative or a community apartment project to
a condominium if the required number of owners and trustees or
beneficiaries of each recorded deed of trust and mortgages of each
recorded mortgage in the cooperative or project as specified in the
bylaw, or other organizational documents, have voted in favor of the
conversion. The Davis-Stirling Common Interest Development Act
defines a condominium plan and if any exists requires it to be
recorded to create a common interest development.
   This bill would provide that a stock cooperative or community
apartment project for senior citizens, established before the
Davis-Stirling Common Interest Development Act, that is converting to
a condominium, shall not be required to file a condominium plan as
part of the documents required to be submitted to the Department of
Real Estate.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 66452.10.5 is added to the Government Code, to
read:
   66452.10.5.  A stock cooperative or community apartment project
for senior citizens, established before the Davis-Stirling Common
Interest Development Act (Ch. 874, Stats. 1985), that is converting
to a condominium, shall not be required to file a condominium plan,
as defined in subdivision (e) of Section 1351 of the Civil Code, as a
part of the documents required to be submitted with the notice of
intention to the Department of Real Estate.