STATEMENT TO

[First Reprint]

SENATE, No. 271

with Senate Floor Amendments

(Proposed By Senator CARDINALE)

ADOPTED: MAY 16, 1996

      These amendments would remove condominium associations from, and would restore cooperative associations to, the provisions of this bill.

      With these amendments, the bill would prohibit, with certain exemptions, cooperative agreements from containing provisions that would unreasonably prohibit the rental of an unit. Without these amendments, this bill would prohibit only the bylaws of condominium associations from containing provisions that would unreasonably prohibit the rental of a unit.