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.