2870 AMH .... KEIZ 040

HB 2870 - H AMD TO H AMD (H-5047.2/04)

By Representative

On page 2, line 13 of the amendment, after "(3)" insert "(a)"

On page 2, line 18 of the amendment, after "except that" insert ":"

On page 2, at the beginning of line 19 of the amendment, strike "a" and insert

"(i) A"

On page 2, line 22 of the amendment, after "knowledge" insert "; and

(ii) a landlord shall pay fifty percent of the relocation assistance required by this act if that landlord (A) purchases a multi-family dwelling that, when purchased, may be subject to conditions that could give rise to violations of applicable codes or laws and (B) makes a reasonable effort to rehabilitate the dwelling"

On page 2, at the beginning of line 23 of the amendment, strike "(a)" and insert "(b)"

Renumber the remaining subsections consecutively and correct internal references accordingly.

EFFECT: Provides that a purchaser of a distressed residential property, who makes a reasonable effort to rehabilitate the property, is only liable for fifty percent of the relocation assistance required under this act, if the building is later condemned due to code violations.