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Committee weighs H.757 changes for manufactured-home co-ops; staff urge registry fixes, JFO flags modest fiscal effects
Summary
The House General & Housing Committee considered H.757 to help manufactured-home limited-equity cooperatives (LECs). Witnesses recommended correcting Secretary of State registry labels to reflect statutory entity types; JFO estimated modest revenue changes from tax and fee provisions and recommended targeted drafting and further review.
The House General & Housing Committee on Jan. 29 heard testimony on H.757, a bill aimed at manufactured-home communities organized as limited-equity cooperatives, with witnesses and staff urging narrow drafting and administrative fixes before formal markups.
David Hall, director of business services at the Secretary of State's office, told the committee the central, practical problem is terminology and registry classification: "The terminology we now use is business corporation, which reflects the title of 11a," he said, and recommended a legislative directive to allow the office to correct records so LECs are listed under the statutory business-organization categories rather than inconsistently as "profit" or "nonprofit."
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