BILL NO. 180

(as introduced)

2nd Session, 60th General Assembly
Nova Scotia
57 Elizabeth II, 2008

Private Member's Bill

Condominium Act

Diana Whalen
Halifax Clayton Park

First Reading: May 23, 2008

(Explanatory Notes)

Second Reading:

Third Reading:

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Explanatory Notes

Clause 1 adds a Section to the Condominium Act requiring a declarant to hold five per cent of the total sale price of condominium units in trust for five years to pay for prescribed structural repairs.

Clause 2 adds regulation-making powers to provide for matters that must be prescribed with respect to the new Section enacted by Clause 1.

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An Act to Amend Chapter 85
of the Revised Statutes, 1989,
the Condominium Act

Be it enacted by the Governor and Assembly as follows:

1 Chapter 85 of the Revised Statutes, 1989, the Condominium Act, is amended by adding immediately after Section 11 the following Section:

2 Subsection 46(1) of Chapter 85, as amended by Chapter 49 of the Acts of 1975, Chapter 33 of the Acts of 1996, Chapter 28 of the Acts of 1998, Chapter 6 of the Acts of 2001 and Chapter 10 of the Acts of 2002, is further amended by adding immediately after clause (e) the following clauses:

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