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Committee approves amendment to condo chapter in SB 415 and places bill on consent
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Summary
The House Committee on Housing amended SB 415 to raise the exemption threshold in the targeted chapter, repeal abbreviated registration, and create a study commission to review the New Hampshire Condominium Act; the committee approved the motion 14–0 and placed the bill on consent.
Chairman Alexander opened executive session to consider SB 415 and moved the 'ought to pass' motion with amendment 20261576h, which raises an exemption from 10 units to 25, repeals an abbreviated registration requirement, eliminates the attorney-general mandate for certain personal financial statements while preserving AG discretion, and forms a study commission on the condominium law.
Members discussed the effect of changing exemptions and whether the attorney general would exercise discretion under the amended chapter. Representative Gibbs noted he would support implementing regulation rather than studying it; other members said a study commission with stakeholder input was a more diplomatic route. The committee adopted the amendment by show of hands, the clerk called the roll, and the chair announced the motion carried 14–0. The item was put on the consent calendar.
