1994-03-11                     House Journal                      Page 2715
HB 353                                                                       
The Labor & Commerce Committee has considered:                                 
                                                                               
HOUSE BILL NO. 353                                                            
"An Act repealing the requirement of an annual audit of the                   
receipts and expenditures applicable to certain property managed               
under the Horizontal Property Regimes Act."                                    
                                                                               
and recommends it be replaced with:                                            
                                                                               

1994-03-11                     House Journal                      Page 2716
HB 353                                                                       
CS FOR HOUSE BILL NO. 353(L&C)                                                
"An Act amending the requirement of an annual audit of the                    
receipts and expenditures applicable to certain property managed               
under the Horizontal Property Regimes Act to one that permits the              
making of an audit, and providing, in place of the audit                       
requirement, that condominium associations subject to that Act                 
maintain their financial records to the standards for financial                
statements required by the Uniform Common Interest Ownership                   
Act."                                                                          
                                                                               
The report was signed by Representative Hudson, Chair, with the                
following individual recommendations:                                          
                                                                               
Do pass (4):  Porter, Sitton, Mackie, Hudson                                   
                                                                               
No recommendation (3):  Mulder, Williams, Green                                
                                                                               
The following fiscal note applies to CSHB 353(L&C):                            
                                                                               
Zero fiscal note, Dept. of Commerce & Economic Development,                    
3/11/94                                                                        
                                                                               
HB 353 was referred to the State Affairs Committee.