HB 269 - COMMON INTEREST COMMUNITIES                                                                          
                                                                                                                                
1:05:08 PM                                                                                                                    
                                                                                                                                
VICE CHAIR  THOMPSON announced that  the first order  of business                                                               
would be  HOUSE BILL NO. 269,  "An Act relating to  the amendment                                                               
of a declaration that creates a common interest community."                                                                     
                                                                                                                                
1:05:30 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  KELLER  moved  to adopt  the  proposed  committee                                                               
substitute  (CS)  for  HB   269,  Version  27-LS1125\M,  Bullock,                                                               
4/5/12, as the working document.                                                                                                
                                                                                                                                
REPRESENTATIVE HOLMES,  as the sponsor, objected  for the purpose                                                               
of discussion.                                                                                                                  
                                                                                                                                
1:05:48 PM                                                                                                                    
                                                                                                                                
JAMES  R. WALDO,  Staff,  Representative  Lindsey Holmes,  Alaska                                                               
State  Legislature,  on  behalf of  the  sponsor,  Representative                                                               
Holmes,  explained that  to address  a concern  expressed at  the                                                               
bill's  last hearing,  Version M  of  HB 269  no longer  contains                                                               
language  [that would  have allowed  a condominium  development's                                                               
declaration  to  stipulate  that  obtaining  80  percent  of  the                                                               
allocated votes would be sufficient  for purposes of altering the                                                               
declaration  to prohibit  or  materially  restrict the  permitted                                                               
uses  of  or   behavior  in  a  unit  or  the   number  or  other                                                               
qualifications of persons that may  occupy units].  Version M, he                                                               
added in conclusion, now addresses  the most important concern of                                                               
those who brought  the concept of the bill's  proposed changes to                                                               
the sponsor's attention.                                                                                                        
                                                                                                                                
REPRESENTATIVE HOLMES removed her objection to the motion.                                                                      
                                                                                                                                
VICE  CHAIR  THOMPSON,  after ascertaining  that  there  were  no                                                               
further  objections,  announced that  Version  M  was before  the                                                               
committee.                                                                                                                      
                                                                                                                                
1:07:22 PM                                                                                                                    
                                                                                                                                
REPRESENTATIVE  KELLER  moved  to  report  the  proposed  CS  for                                                               
HB 269, Version  27-LS1125\M, Bullock,  4/5/12, out  of committee                                                               
with individual recommendations and  the accompanying zero fiscal                                                               
note.  There being no  objection, CSHB 269(JUD) was reported from                                                               
the House Judiciary Standing Committee.