Amendment AA1-AB610

LRBa0871/1

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2021 - 2022 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 610

October 15, 2021 - Offered by Representative Brooks.

AB610-AA1,1,1 At the locations indicated, amend the bill as follows:

AB610-AA1,1,2 1. Page 2, line 10: after “property;" insert “actual or market rent;".

AB610-AA1,1,7 2. Page 2, line 14: after “assessor." insert “For purposes of this subsection, “actual or market rent” means the most probable rent that a property should bring in a competitive and open market reflecting all conditions and restrictions of the lease agreement, including permitted uses, use restrictions, expense obligations, term, concessions, renewal and purchase options, and tenant improvements.".

AB610-AA1,1,8 3. Page 2, line 19: delete lines 19 and 20.

AB610-AA1,1,9 4. Page 3, line 1: delete “projected rents and other".

AB610-AA1,1,10 5. Page 3, line 5: delete lines 5 to 10.

AB610-AA1,1,11 (End)