Sen. Iris Y. Martinez

Filed: 2/25/2004

 

 


 

 


 
09300SB2466sam001 LRB093 15357 BDD 47953 a

1
AMENDMENT TO SENATE BILL 2466

2     AMENDMENT NO. ______. Amend Senate Bill 2466 on page 2, by
3 replacing lines 29 through 35 with the following:
 
4     "Sec. 15-178. Homestead improvements; fire safety system.
5 Homestead properties that (i) have been improved with a fire
6 safety sprinkler system after January 1, 2004 or (ii) have been
7 modified after January 1, 2004 to comply with a fire safety
8 compliance plan approved by the applicable local authorities
9 are entitled to a fire safety homestead improvement exemption,
10 limited to $2,500 or the actual cost of installation or
11 modification, whichever is less, for the year that the system
12 is installed or the modification is made, and $100 each year
13 thereafter that the system or modification remains in place,
14 in"; and
 
15 on page 3, by replacing line 16 with the following:
 
16 "system or the cost of making a building modification to comply
17 with a life safety compliance plan is recouped by special
18 assessment or similar assessment imposed by a"; and
 
19 on page 3, by replacing lines 19 and 20 with the following:
 
20 "cost of installation or modification" for the year that the
21 system is installed or the modification is made with respect to

 

 

09300SB2466sam001 - 2 - LRB093 15357 BDD 47953 a

1 that unit or apartment shall be the"; and
 
2 on page 3, immediately below line 35, by inserting the
3 following:
 
4     "For purposes of this Section, "life safety compliance
5 plan" means a plan concerning public safety adopted by a unit
6 of local government that is imposed upon a building owner as an
7 alternative or supplement to any requirement concerning a fire
8 safety sprinkler system.".