Unlawfully restrictive covenants: redevelopment of commercial property for residential uses.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Housing
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill modifies California law regarding the issuance of public reports for residential developments. Specifically, it prohibits the Real Estate Commissioner from requiring developers to provide security for improvements if a local agency has already furnished sufficient security for the same improvements under the Subdivision Map Act. This aims to streamline the approval process and avoid unnecessary financial requirements for residential projects.
Key provisions
- Prohibits the Real Estate Commissioner from requiring additional security for improvements if a local agency has already provided sufficient security.
- Addresses Section 11018 of the Business and Professions Code, which governs the issuance of public reports for subdivisions.
- Relates to the requirements for financial arrangements for offsite improvements and community facilities.
- Aligns with existing requirements under the Subdivision Map Act regarding security.
- Focuses on residential developments and projects.
- Specifies grounds for denial of a public report, including financial arrangements.
- References Chapter 5 of Division 2 of Title 7 of the Government Code regarding local agency security requirements.
Who is affected
- Developers of residential properties
- Local agencies responsible for land use regulation
- Real Estate Commissioner
- Potential homebuyers and lessees
Bill text
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Sponsors
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1 on record
Primary sponsor
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