The COMMITTEE ON JUDICIARY proposed the following amendment (JUD3676.001):
    Amend the bill, as and if amended, page 2, by striking line 5, in Section 31-23-20(2), as contained in SECTION 1, and inserting therein the following:
/         (2)     'Board of directors' means the governing body of a community land trust     /

    Amend the bill further, as and if amended, page 3, by striking line 18, in Section 31-23-20, as contained in SECTION 1, and inserting therein the following:
/     board of directors are directly elected by the membership as     /

    Amend the bill further, as and if amended, page 4, by striking line 3, in Section 31-23-30(3), as contained in SECTION 1, and inserting therein the following:
/     school, and helps our economic growth and prosperity.     /

    Amend the bill further, as and if amended, page 5, by striking line 40, in Section 31-23-40(D)(5), as contained in SECTION 1, and inserting therein the following:
/     lease between the landowner or CLT and the lessee. The landowner or CTL and the lessee     /

    Amend the bill further, as and if amended, page 6, by striking line 31, in Section 31-23-40(E)(3), as contained in SECTION 1, and inserting therein the following:
/     option for renewal or to terminate the ground lease. In addition, if applicable, the lease agreement must specify if membership in a homeowners association is required, and a statement of amounts to be paid by the lessee for membership in the homeowners association, the date payment is due, and the place of payment.     /

    Renumber sections to conform.
    Amend title to conform.