SB 246 (2022)
Define and regulate "qualified private communities"
This bill did not become law.
Defines and regulates "qualified private communities." The bill defines "qualified private communities" as "a residential condominium, cooperative, open space subdivision, or other community consisting of at least 4 units, the residents of which do not receive any tax abatement or tax exemption related to its construction, comprised of a community trust or other trust device, condominium association, homeowners' association, road association, or council of co-owners, wherein the cost of maintaining roads, streets, water, and sewer infrastructure and providing essential services is paid for by a not-for-profit entity consisting exclusively of unit owners within the community."
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