2001 REGULAR SESSION (71st) A SB261 R1 712
Amendment Box: Replaces Amendment No. 656. Resolves conflict with Assembly Bill No. 621. Makes substantive changes.
Adoption of this amendment will MAINTAIN a 2/3s majority vote requirement for final passage of SB261 R1 (§ 29).
ASSEMBLY ACTION Initial and Date |SENATE ACTION Initial and Date
Adopted Lost | Adopted Lost
Concurred In Not |Concurred In Not
Receded Not | Receded Not
Amend the bill as a whole by deleting sec. 44.5.
Amend the bill as a whole by deleting sec. 45.5.
Amend sec. 50, page 20, line 29, by deleting “renewal;” and inserting:
“renewal pursuant to NRS 119A.654 or for any other reason;”.
Amend the bill as a whole by deleting sec. 51 and adding a new section designated sec. 51, following sec. 50.5, to read as follows:
“Sec. 51. NRS 119A.370 is hereby amended to read as follows:
119A.370 1. A time share must not be advertised or offered for sale within this state until the advertisement or offering is [approved by] filed with the division.
2. Each [advertisement must contain the processing number assigned to it by the division.
3. Each application for the approval of advertising] such filing must:
(a) Include the form and content of advertising to be used;
(b) Include the nature of the offer of gifts or other free benefits to be extended;
(c) Include the nature of promotional meetings involving any person or act described in NRS 119A.300; and
(d) Be accompanied by a filing fee of not more than $200, to be established by the division.
[4. The division shall render a decision upon an application for the approval of advertising or an offer for sale within 30 days after the date the application is filed.]”.
Amend the bill as a whole by adding a new section designated sec. 57.5, following sec. 57, to read as follows:
“Sec. 57.5. NRS 119A.4773 is hereby amended to read as follows:
119A.4773 1. A time share must not be advertised or offered for resale within this state until the advertisement or offering is [approved by] filed with the division.
2. Each [advertisement must contain the processing number assigned to it by the division.
3. Each application for the approval of advertising] such filing must include:
(a) The form and content of advertising to be used;
(b) The nature of the offer of gifts or other free benefits to be extended; and
(c) The nature of promotional meetings involving any person or act described in NRS 119A.300.
[4. The division shall render a decision upon an application for the approval of advertising or an offer for resale within 30 days after the date the application is filed.]”.
Amend the bill as a whole by deleting sec. 74.5.
Amend the bill as a whole by deleting sec. 78 and renumbering sections 79 through 82 as sections 78 through 81.
Amend sec. 79, page 35, by deleting lines 9 through 11 and inserting:
“Sec. 78. NRS 119A.165 is hereby repealed.”.
Amend sec. 82, page 35, by deleting lines 19 through 23 and inserting:
“Sec. 81. 1. This section, sections 1 to 76, inclusive, and 78, 79 and 80 of this act become effective on October 1, 2001.”.
Amend sec. 82, page 35, line 24, by deleting “3.” and inserting “2.”.
Amend the text of repealed sections by deleting the text of NRS 119A.240, 119A.250, 119A.370 and 119A.4773.
Amend the title of the bill by deleting the fourth and fifth lines and inserting:
“the department of business and industry; revising the requirements”.