SB 5385-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

      Makes technical revisions to existing land development regulations.

      Requires a developer to prepare a public offering statement unless the development is exempt under RCW 58.19.030.

      Requires the developer to provide a copy of the public offering statement to a purchaser.

      Establishes penalties for a failure to deliver a copy of the public offering statement.

      Repeals provisions of chapter 58.19 RCW.