Kentucky
General Assembly

02/05/10	introduced in House
02/08/10	to Judiciary (H)
02/12/10	posted in committee
02/17/10	reported favorably, 1st reading, to Consent Calendar with Committee Substitute
02/18/10	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Wednesday, February 24, 2010
02/24/10	3rd reading, passed 98-0 with Committee Substitute
02/25/10	received in Senate
03/01/10	to Judiciary (S)
03/11/10	reported favorably, 1st reading, to Calendar with Committee Substitute floor amendment (1) filed to Committee Substitute
03/12/10	2nd reading, to Rules
03/17/10	posted for passage in the Regular Orders of the Day for Thursday, March 18, 2010
03/18/10	3rd reading, passed 37-0 with Committee Substitute, floor amendment (1)
03/19/10	received in House to Rules (H)
03/24/10	posted for passage for concurrence in Senate Committee Substitute, floor amendment (1)
03/29/10	House concurred in Senate Committee Substitute, floor amendment (1) passed 98-0 enrolled, signed by each presiding officer delivered to Governor
04/08/10	signed by Governor (Acts ch. 97)

Amendment	House Committee Substitute 1
Impact Statements	Local Mandate
Summary	Retain original provisions; amend Section 22 to permit withdrawal of all or a part of real estate from development only upon written consent of all owners within the development or portion thereof; amend Section 52 to delete language providing for the payment of unpaid assessments to the association prior to association's issuance of the certificate required to be issued to a proposed purchaser.
Index Headings	Associations - Condominium owners, Kentucky Condominium Act Deeds and Conveyances - Condominiums, developers and owners Effective Dates, Delayed - Kentucky Condominium Act, January 1, 2011 Property - Condominiums, uniform act Property Valuation Administrators - Condominiums, uniform act Real Estate - Condominiums, uniform act Uniform Laws - Kentucky Condominium Act Local Mandate - Kentucky Condominium Act

Amendment	Senate Committee Substitute 1
Impact Statements	Local Mandate
Summary	Retain original provisions; amend to clarify that the period of declarant control of the association terminates upon the conveyance of a specified percentage of the units to persons other than the declarant and that upon the conveyance of lesser specified percentages of units to persons other than the declarant, the unit owners shall be entitled to elect members of the executive board of the association.
Index Headings	Associations - Condominium owners, Kentucky Condominium Act Deeds and Conveyances - Condominiums, developers and owners Effective Dates, Delayed - Kentucky Condominium Act, January 1, 2011 Property - Condominiums, uniform act Property Valuation Administrators - Condominiums, uniform act Real Estate - Condominiums, uniform act Uniform Laws - Kentucky Condominium Act Local Mandate - Kentucky Condominium Act

Amendment	Senate Floor Amendment 1
Sponsor	T. Jensen
Summary	Amend Section 29 subsection (10) to clarify that a lien holder in a foreclosure proceeding against a portion of the real estate comprising a condominium may not foreclose on any part of that real estate which has already been developed as part of the common elements of the condominium; amend KRS 381.865 to provide that the books and records of a condominium regime shall be audited or reviewed at least once a year by an independent accountant.
Index Headings	Associations - Condominium owners, Kentucky Condominium Act Deeds and Conveyances - Condominiums, developers and owners Effective Dates, Delayed - Kentucky Condominium Act, January 1, 2011 Property - Condominiums, uniform act Property Valuation Administrators - Condominiums, uniform act Real Estate - Condominiums, uniform act Uniform Laws - Kentucky Condominium Act Local Mandate - Kentucky Condominium Act