SB 122-REAL ESTATE TRANSFER FEES/TITLE PLANTS                                                                      
                                                                                                                                
3:43:19 PM                                                                                                                    
CHAIR  OLSON   announced  the  consideration  of   SB  122  [CSSB                                                               
122(CRA), 27-LS0789\B was before the committee].                                                                                
                                                                                                                              
DAVID SCOTT,  staff to Senator  Olson, aide to the  Community and                                                               
Regional Affairs  Committee, said the committee  substitute (CS),                                                               
version B,  had removed  section one from  the original  bill and                                                               
section two became section one.                                                                                                 
                                                                                                                                
SENATOR  KOOKESH asked  for  a  review of  section  one from  the                                                               
original bill.                                                                                                                  
                                                                                                                                
MR. SCOTT answered that title  plants would have been required to                                                               
maintain records up to 50 years.                                                                                                
                                                                                                                                
3:44:49 PM                                                                                                                    
SENATOR KOOKESH moved  to adopt CSSB 122(  ), labeled 27-LS0789\B                                                               
as a working document.                                                                                                          
                                                                                                                                
3:44:57 PM                                                                                                                  
SENATOR WAGONER objected for discussion purposes.                                                                               
                                                                                                                                
SENATOR WAGONER asked if the  CS was acceptable to dissenting and                                                               
concurring title insurance parties from previous testimony.                                                                     
                                                                                                                                
MR. SCOTT answered correct.                                                                                                     
                                                                                                                                
3:45:51 PM                                                                                                                    
SENATOR THOMAS removed his objection.                                                                                           
                                                                                                                                
3:46:04 PM                                                                                                                    
CHAIR OLSON  said CSSB  122( ),  version B  had been  adopted. He                                                               
asked if there was public or committee comment on the CS.                                                                       
                                                                                                                                
DANA  OWEN, aide  to  Senator  Egan, said  the  Senate Labor  and                                                               
Commerce Committee supported CSSB 122( ), version B.                                                                            
                                                                                                                                
RAYMOND  DAVIS,  Vice  President, Old  Republic  Title  Insurance                                                               
Company, said he supports CSSB 122( ).                                                                                          
                                                                                                                                
3:47:35 PM                                                                                                                    
SENATOR WAGONER moved to report  CSSB 122( ), labeled 27-LS0789\B                                                               
from  the committee  with individual  recommendations and  a zero                                                               
fiscal note.                                                                                                                    
                                                                                                                                
3:48:07 PM                                                                                                                    
CHAIR  OLSON announced  without  objection,  CSSB 122(CRA)  moved                                                               
from  the   Senate  Community   and  Regional   Affairs  Standing                                                               
Committee.