House Sponsors: MCCARTHY. Senate Sponsors: MOLARO Short description: HOME EQUTY PROG-TRANSFERS Synopsis of Bill as introduced: Amends the Home Equity Assurance Act. Provides that territory may be transferred from an existing home equity program to another, contiguous program. Provides that the transfer must be initiated by a petition signed by not less than 10% of the total number of registered voters who are eligible to sign the petition who are residing in the territory to be transferred and either (i) a resolution or ordinance of the governing commission of the program to which the territory will be transferred or (ii) a petition signed by not less the 10% of the total number of registered voters eligible to sign the petition who are residing in the geographic area of the program to which the territory will be transferred. Provides that the question of transferring the territory must be approved by a referendum. Provides that members in the transferred territory become members of the program to which the territory was transferred. Provides that registration fees must be waived for transferred members. Provides that program appraisals of a transferred member's property must be accepted by the program to which the territory was transferred. Provides for the appointment of additional commissioners who are residents of the transferred territory to the governing commission of the program to which the territory was transferred. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status