The bill proposes revisions to the exemption law specifically for certain condominiums and townhouses by amending Section 76-3-203 of the Montana Code Annotated (MCA). The changes aim to clarify the criteria and conditions under which these properties may be exempt from certain regulations, thereby potentially easing the burden on developers and homeowners in these types of housing.

Additionally, the bill includes an immediate effective date, ensuring that the revised exemption law can be implemented without delay. This prompt enactment is intended to provide immediate benefits to those involved in the condominium and townhouse sectors, facilitating development and ownership opportunities in these communities.

Statutes affected:
SB0331_1.pdf: 76-3-203
SB0331_2.pdf: 76-3-203
SB0331_3.pdf: 76-3-203
SB0331_X.pdf: 76-3-203
Amended: 76-3-203
Introduced: 76-3-203