HB 1163 CS (2006) -  Vacation and Timeshare Plans

by Mealor
Revises the formula for funding reserve accounts; authorizes a seller to offer timeshare interests in timeshare plans located outside of this state without filing a public offering statement for such out-of-state timeshare plan; provides criteria for such offers; requires certain notice; provides for a fee; revises the definition of the term "one-to-one purchaser to accommodation ratio"; provides conditions under which certain timeshare condominium associations and timeshare cooperative associations are subject to certain provisions relating to transfer of association control; authorizes funding of reserve accounts to be waived or reduced; authorizes certain insurance to include reasonable deductibles as determined initially by the seller and thereafter by the managing entity.
Effective Date: July 1, 2006.
Last Event: Died in Justice Council on Friday, May 5, 2006 11:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Staff Analysis

Chamber Committee
Chamber: House Committee: Insurance Committee 3/30/2006 4:52:52 PM
Chamber: House Committee: Insurance Committee 3/29/2006 10:57:12 AM
Chamber: House Committee: Civil Justice Committee 3/20/2006 12:28:42 PM
Chamber: House Committee: Civil Justice Committee 3/13/2006 5:41:24 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Justice Council Time: 05/05/2006 - 11:59 PM Member: Committee: Justice Council Version:
Event: H Now in Justice Council Time: 03/30/2006 - 4:53 PM Member: Committee: Justice Council Version: c1
Event: H Reported out of Insurance Committee Time: 03/30/2006 - 4:53 PM Member: Committee: Insurance Committee Version: c1
Event: H Favorable by Insurance Committee Time: 03/30/2006 - 12:00 PM Member: Committee: Insurance Committee Version: c1
Event: H Added to Insurance Committee agenda Time: 03/28/2006 - 4:25 PM Member: Committee: Insurance Committee Version: c1
Event: H Now in Insurance Committee Time: 03/22/2006 - 12:59 PM Member: Committee: Insurance Committee Version: c1
Event: H Remaining referral: Justice Council Time: 03/22/2006 - 12:59 PM Member: Committee: Justice Council Version: c1
Event: H Pending review of CS under Rule 6.3 Time: 03/20/2006 - 12:37 PM Member: Committee: Version: c1
Event: H Reported out of Civil Justice Committee Time: 03/20/2006 - 12:29 PM Member: Committee: Civil Justice Committee Version: __
Event: H Favorable with CS by Civil Justice Committee Time: 03/15/2006 - 11:00 AM Member: Committee: Civil Justice Committee Version: __
Event: H Added to Civil Justice Committee agenda Time: 03/13/2006 - 4:02 PM Member: Committee: Civil Justice Committee Version: __
Event: H 1st Reading Time: 03/07/2006 - 11:59 PM Member: Committee: Version: __
Event: H Now in Civil Justice Committee Time: 03/07/2006 - 4:28 PM Member: Committee: Civil Justice Committee Version: __
Event: H Referred to Justice Council Time: 03/07/2006 - 4:28 PM Member: Committee: Justice Council Version: __
Event: H Referred to Insurance Committee Time: 03/07/2006 - 4:28 PM Member: Committee: Insurance Committee Version: __
Event: H Referred to Civil Justice Committee Time: 03/07/2006 - 4:28 PM Member: Committee: Civil Justice Committee Version: __
Event: H Filed Time: 02/17/2006 - 10:37 AM Member: Mealor Committee: Version: __

Statutes Referenced by this Bill