03/30/2012 03:15 PM House LABOR & COMMERCE

               HB 269-COMMON INTEREST COMMUNITIES                                                                           
3:36:37 PM                                                                                                                    
                                                                                                                                
CHAIR OLSON announced that the final order of business would be                                                                 
HOUSE  BILL NO.  269.  "An  Act relating  to  the  amendment of  a                                                              
declaration that creates a common interest community."                                                                          
                                                                                                                                
3:36:44 PM                                                                                                                    
                                                                                                                                
JAMES WALDO,  Staff, Representative  Lindsey Holmes,  Alaska State                                                              
Legislature,  explained  that  HB  269  would  amend  the  Uniform                                                              
Common Interest Ownership  Act (UCIOA) to allow 80  percent of the                                                              
homeowners to vote  to extend timeframes on  condominium projects.                                                              
He characterized the bill as one that tweaks the UCIOA.                                                                         
                                                                                                                                
3:37:28 PM                                                                                                                    
                                                                                                                                
CHAIR  OLSON,  after  first  determining  no one  else  wished  to                                                              
testify, closed public testimony on HB 269.                                                                                     
                                                                                                                                
3:37:53 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  JOHNSON moved to  report HB  269 out of  committee                                                              
with  individual  recommendations   and  the  accompanying  fiscal                                                              
notes.  There being  no objection,  HB 269 was  reported from  the                                                              
House Labor and Commerce Standing Committee.                                                                                    
                                                                                                                                
3:38:15 PM