Synopsis As Introduced Creates the Condominium Advisory Council Act. Creates the Condominium Advisory Council composed of 7 members, 4 appointed by the legislative leaders and 3 appointed by the Governor. Provides that the Council shall: (1) identify issues facing condominium owners, condominium associations, and other persons who have financial interests in condominiums; (2) study the Condominium Property Act and related Acts that affect condominium ownership and suggest legislation to the General Assembly to amend those Acts; and (3) report its findings and recommendations to the Governor and General Assembly by January 31, 2007. Provides that the Council shall be dissolved 30 days after it reports its findings and recommendations to the Governor and General Assembly. Effective immediately.
House Committee Amendment No. 1 Provides that the Condominium Advisory Council is within the Department of Revenue. Provides that the Department of Revenue shall provide administrative and financial support to the Council.
House Floor Amendment No. 2 Provides that the Condominium Advisory Council is created subject to appropriation and the Department of Revenue's support is subject to appropriation.