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CA SB1123
Bill
AI Summary
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Extends automatic fee reduction requirements to transfers or loans of Real Estate Fund money to any special fund, not just the General Fund, and by any law, not just the Budget Act
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Automatic fee reductions apply 30 days after any transfer or loan occurs, affecting real estate broker/salesperson examination fees, license fees, and subdivision public report filing fees
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Exempts transfers or loans from the Education and Research Account to special funds that are consistent with the account's purposes and approved by the Real Estate Commissioner from triggering fee reductions
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Establishes maximum fee amounts for real estate licenses, examinations, and subdivision reports ranging from $10 to $1,600 plus per-unit charges when fees are reduced
Legislative Description
Real Estate Fund.
Last Action
Held in committee and under submission.
5/27/2010