| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | General Assembly Proposed Bill No. 119 | |
| 2 | 2 | January Session, 2013 LCO No. 428 | |
| 3 | 3 | Referred to Committee on JUDICIARY | |
| 4 | 4 | Introduced by: | |
| 5 | 5 | SEN. DOYLE, 9th Dist. REP. SERRA, 33rd Dist. | |
| 6 | 6 | ||
| 7 | 7 | General Assembly | |
| 8 | 8 | ||
| 9 | 9 | Proposed Bill No. 119 | |
| 10 | 10 | ||
| 11 | 11 | January Session, 2013 | |
| 12 | 12 | ||
| 13 | 13 | LCO No. 428 | |
| 14 | 14 | ||
| 15 | 15 | Referred to Committee on JUDICIARY | |
| 16 | 16 | ||
| 17 | 17 | Introduced by: | |
| 18 | 18 | ||
| 19 | 19 | SEN. DOYLE, 9th Dist. | |
| 20 | 20 | ||
| 21 | 21 | REP. SERRA, 33rd Dist. | |
| 22 | 22 | ||
| 23 | 23 | AN ACT CONCERNING APPROVAL BY CONDOMINIUM UNIT OWNERS OF A PROPOSED LOAN AGREEMENT WHICH INCLUDES AN ASSIGNMENT OF THE ASSOCIATION'S RIGHT TO FUTURE INCOME AS SECURITY FOR THE LOAN. | |
| 24 | 24 | ||
| 25 | 25 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 26 | 26 | ||
| 27 | 27 | That section 47-261e of the general statutes be amended to provide that unless a majority of all unit owners of a common interest community vote to reject a proposed loan agreement which includes an assignment of the association's right to future income as security for the loan, the proposed loan agreement and assignment shall be approved. | |
| 28 | 28 | ||
| 29 | 29 | Statement of Purpose: | |
| 30 | 30 | ||
| 31 | 31 | To reform the process used in a common interest community for approval by condominium unit owners of a proposed loan agreement which includes an assignment of the association's right to future income as security for the loan. |