View Amendment Current Amendment: 85 to Bill 4300

Amend the bill, as and if amended, Part IB, Section 113, AID TO SUBDIVISIONS- STATE TREASURER, page 472, by striking paragraph 113.11, beginning on line 11, and inserting:

/ 113.11.(AS-TREAS: Short-term Rentals) A political subdivision that receives money pursuant to this act may not expend any funds, regardless of the source of funds, to enact or enforce an ordinance that prohibits short-term rentals unless the political subdivision also provides financial incentives for the purchase and rental of affordable housing and zoning allowances in exchange for an affordable covenant of at least twenty years. The State Treasurer shall withhold the political subdivision's portion of the Local Government Fund if a political subdivision violates this provision or enacts any such ordinance. For purposes of this provision, "short-term rental" means any individually or collectively owned residential house or dwelling unit or group of units that is rented wholly or partially for residential use for any period of time greater than seven consecutive days. /

Amend totals and titles to conform.