Senate

Record of Committee Proceedings

Committee on Insurance, Financial Services, Constitution and Federalism

Senate Bill 730

Relating to: various changes to condominium law and rights related to first mortgage security interests in condominium units.

By Senator Olsen; cosponsored by Representatives Ballweg, Born, Kremer, Kuglitsch and Tusler.

January 26, 2018         Referred to Committee on Insurance, Financial Services, Constitution and Federalism

February 14, 2018       Public Hearing Held

Present:       (5)        Senator Craig; Senators Stroebel, Feyen, Bewley and Risser.

Absent:       (0)        None.

Excused:     (0)        None.

Appearances For

·      Rep. Joan Ballweg - 41st Assembly District

·      Tony Madrigal - Sunset Homes Condo Association

·      William Huettner - Prospect Managment Comp

·      Sally Balson - Hunt Club Condominiums

·      Terry  Handel - CAI - WI

·      Julie  Peterson - CAI - WI

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      None.

Registrations Against

·      None.

Registrations for Information Only

·      None.

February 14, 2018       Executive Session Held

Present:       (5)        Senator Craig; Senators Stroebel, Feyen, Bewley and Risser.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Senator Feyen, seconded by Senator Bewley that Senate Amendment 2 be recommended for adoption.

Ayes:     (5)     Senator Craig; Senators Stroebel, Feyen, Bewley and Risser.

Noes:     (0)     None.

SENATE AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 5, Noes 0

Moved by Senator Feyen, seconded by Senator Bewley that Senate Bill 730 be recommended for passage as amended.

Ayes:     (5)     Senator Craig; Senators Stroebel, Feyen, Bewley and Risser.

Noes:     (0)     None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0

______________________________

William Neville

Committee Clerk