Amendment No. 420

 

Assembly Amendment to Assembly Bill No. 352                                                                (BDR 43‑970)

Proposed by: Committee on Commerce and Labor

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:              Title:              Preamble:               Joint Sponsorship:

 

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 section 1, page 1, line 10, by deleting “dates” and inserting:

dates, if known,”.

     Amend section 1, page 1, line 14, by deleting “1975,” and inserting:

June 15, 1976,”.

     Amend the bill as a whole by renumbering sec. 2 as sec. 3 and adding a new section designated sec. 2, following section 1, to read as follows:

     “Sec. 2.  Chapter 118B of NRS is hereby amended by adding thereto a new section to read as follows:

   1.  At the beginning of each tax year, the landlord shall prepare an annual statement which contains the following information:

   (a) The net profits earned by the landlord for the preceding tax year;

   (b) The landlord’s rate of return for the manufactured home park for each of the 5 preceding tax years or, if the landlord has owned or leased the manufactured home park for fewer than 5 years, for each year that he has owned or leased the manufactured home park; and

   (c) The number of years that the landlord has owned or leased the manufactured home park.

   2.  Not later than May 1 of each year, the landlord shall:

   (a) Post a copy of the annual statement required pursuant to subsection 1 in a conspicuous and readily accessible place in the community or recreation facility of the manufactured home park or other common area of the manufactured home park;

   (b) Mail, return receipt requested, or personally deliver a copy of the annual statement to each tenant of the manufactured home park and obtain the tenant’s signature acknowledging receipt of the statement; and

   (c) Submit a copy of the annual statement to the Division.

     3.  The landlord shall provide a current version of the annual statement prepared pursuant to subsection 1 to each prospective tenant of the manufactured home park.”.

     Amend the title of the bill, fifth line, after “sale;” by inserting:

“requiring the landlord of a manufactured home park to prepare and disseminate an annual statement regarding the profitability of the park;”.

     Amend the summary of the bill to read as follows:

“SUMMARY—Makes various changes relating to manufactured home parks. (BDR 43‑970)”.