Re real property disclosure requirements on domestic water storage tank assistance.
Bill Provisions
Seller of real property who received domestic water storage tank assistance, is aware that property received or still gets the assistance, should disclose to prospective buyer.
Disclosures must include details on whether the property has a domestic water storage tank provided by a county, community water system, local public agency, or nonprofit.
Also, must notify buyer water storage tank might not convey with the real property.
Legislative History
On Feb. 16, 2024, bill introduced in Senate; on Apr. 18, 2024, bill passed in Senate.
On Apr. 18, 2024, bill delivered to Assembly; on Jun. 10, 2024, bill passed Assembly.
On Jun. 14, 2024, bill was approved by the State's governor and became Chapter 21.
Effectiveness
Bill will become effective as of Jan. 1, 2025.
Regulators
CAL LEG
Entity Types
Corp; MG Orig
Reference
Ch. 21, Bill SB1366, 6/14/2024; Citation: CAL LEG 2-4-4-2-1.5-1102;
