The bill in question seeks to amend the definition of an "improved lot or parcel" within the Arizona Revised Statutes. The current definition includes lots or parcels with existing buildings or where a contract has been made to construct buildings within two years. The new bill proposes to extend this definition to include condominiums, with a construction deadline extended to four years.

The bill also clarifies that the term "subdivider" includes any person who offers six or more lots for sale or lease, or who develops a subdivision for themselves or others. It does not apply to public agencies or officers authorized to create subdivisions.

The bill is expected to have no fiscal impact on the state General Fund. It is set to become effective on the general effective date.

The bill has passed the House with unanimous support and is prepared by the Senate Research staff.

Statutes affected:
Introduced Version: 32-2101
House Engrossed Version: 32-2101
Chaptered Version: 32-2101