BILL ANALYSIS Ó
SENATE COMMITTEE ON APPROPRIATIONS
Senator Ricardo Lara, Chair
2015 - 2016 Regular Session
AB 2282 (Calderon) - Rental housing: large-scale buy-to-rent
investors: data collection
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|Version: August 8, 2016 |Policy Vote: |
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|Urgency: Yes |Mandate: No |
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|Hearing Date: August 11, 2016 |Consultant: Brendan McCarthy |
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*********** ANALYSIS ADDENDUM - SUSPENSE FILE ***********
The following information is revised to reflect amendments
adopted by the committee on August 11, 2016
Bill
Summary: AB 2282 would establish a taskforce within the Bureau
of Real Estate to study and report on the impact of large-scale
buy-to-rent investors on the real estate market.
Fiscal
Impact: One-time costs, likely from $150,000 to $300,000 per
year for two years to provide staff support for the taskforce,
collect required data, and draft the required report by the
Bureau of Real Estate (General Fund). The Bureau of Real Estate
is fully funded by fees assessed on licensed real estate brokers
and salespersons. Because the subject matter to be considered by
AB 2282 (Calderon) Page 1 of
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the proposed task force does not directly relate to the
licensing or regulation brokers or salespersons, it would be an
inappropriate use of license fees in the Real Estate Fund to
support the activities of the taskforce.
Author
Amendments: Require the task force to be funded with a General
Fund appropriation and prohibit members of the task force from
being compensated, beyond per diem payments.
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