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Committee releases amended bill requiring construction-permit funding disclosures despite industry objections
Summary
The committee released A4626, which would require applicants for construction permits to disclose anticipated project funding amounts and sources and to certify funding information prior to certificate-of-occupancy issuance; commercial real estate, builders and municipal officials raised concerns about feasibility and litigation risk.
The Assembly Housing Committee moved to amend and release Assembly Bill 4626, which would require construction-permit applicants to disclose anticipated amounts and sources of funding for proposed construction projects and would direct construction-code enforcing agencies to require certification or updated funding information as a condition of issuance of…
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