Bill No.: HB0011 Drafter: LGC
LSO No.: 07LSO-0041 Effective Date: 7/1/2007
Enrolled Act No.: HEA0087
Chapter No.:
Prime Sponsor: Joint Corporations, Elections and Political Subdivisions Interim Committee
Catch Title: Subdivisions-exemptions.
Subject: Clarifying exemptions to subdivision requirements.
Summary/Major Elements:
· The act specifies that county commissioners may adopt requirements for documentation of the proper use of an exemption to the subdivision laws.
· The act requires a landowner to hold property for five years before he may transfer property to a family member without following the subdivision law.
· The act allows a corporation that is 80% or more owned by individuals who are related by blood or marriage to utilize the family exemption if the grantee has owned at least 5% of the corporation's shares for at least five years.
· The act exempts from the subdivision laws the division of land creating a parcel five acres or less for the purpose of establishing unmanned communication facilities, compressor stations, metering stations, fiber optic booster stations or similar unmanned facilities.