Honorable Angie Chen Button, Chair, House Committee on Trade, Workforce & Economic Development
FROM:
Jerry McGinty, Director, Legislative Budget Board
IN RE:
HB4876 by Lambert (Relating to the withdrawal of certain deposits placed in escrow in connection with the purchase or reservation of a condominium unit.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill could clarify the duties and requirements for declarants in contracts to purchase a condominium.
The Office of the Attorney General anticipates that any additional legal work associated with the bill could be absorbed using existing resources.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.