H.B. 1447

VETOES

Article - Real Property

11-127.

(d) (1) A developer shall promptly file with the Secretary of State copies of any
changes in the documents or information contained in the public offering statement
which are necessary to make the documents or information current.

(2)      (i) A developer shall file a written statement with [the Secretary of
State and] the council of unit owners describing the progress of construction, repairs, and
all other work on the condominium, which the developer has completed or intends to
complete in accordance with the public offering statement for the condominium.

(ii) This written statement shall be filed within 30 days after the
anniversary date for registration of the public offering statement for the condominium
and annually thereafter until the registration of the condominium is terminated.

(3)     A DEVELOPER SHALL NOTIFY THE SECRETARY OF STATE IN
WRITING WHEN ALL OF THE UNITS IN THE CONDOMINIUM HAVE BEEN CONVEYED
TO UNIT OWNERS OTHER THAN THE DEVELOPER, AND THE DEVELOPER EITHER
CANNOT ADD ADDITIONAL UNITS TO THE CONDOMINIUM OR HAS DETERMINED
THAT NO ADDITIONAL UNITS WILL BE ADDED TO THE CONDOMINIUM.

(4)      If the developer notifies the Secretary of State that all of the units in the
condominium have been conveyed to unit owners other than the developer, and that the
developer EITHER cannot add additional units to the condominium, OR HAS
DETERMINED THAT NO ADDITIONAL UNITS WILL BE ADDED TO THE CONDOMINIUM,
the Secretary of State shall issue an order terminating the registration of the
condominium.

Article - State Finance and Procurement

[2-105.

On or before January 10 of each year, each unit of the State government, including
the University of Maryland System, that is using nonbudgeted or dedicated funds for a
capital construction project shall submit, subject to § 2-1312 of the State Government
Article, to the Joint Budget and Audit Committee a detailed report on the use of those
funds.]

[2-204.

(a)     (1) In this section the following words have the meanings indicated.

(2)     "Committees" means the Budget and Taxation Committee of the
Maryland Senate and the Appropriations Committee of the Maryland House of
Delegates.

(3)     "Federal aid" means a federally funded contract, grant, program,
project, or reimbursement.

(b)     This section does not apply to federal aid that involves a capital expenditure,
such as the acquisition of land or the construction or development of a building.

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