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HB549: relative to accepting a purchase and sale agreement on developed waterfront property.

Bill status: Signed by Governor

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

Sponsors

Topics

ENERGY, ENVIRONMENT AND ECONOMIC DEVELOPMENT Environment and natural resources Housing and property

Official links

CHAPTER 177

HB 549 – FINAL VERSION

27Mar2007… 0888h

2007 SESSION

07-0877

08/03

HOUSE BILL 549

AN ACT relative to accepting a purchase and sale agreement on developed waterfront property.

ANALYSIS

This bill allows a buyer and a seller to execute a purchase and sale agreement for developed waterfront property using a septic disposal system before a site assessment study is available.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

27Mar2007… 0888h

07-0877

08/03

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Seven

AN ACT relative to accepting a purchase and sale agreement on developed waterfront property.

Be it Enacted by the Senate and House of Representatives in General Court convened:

177:1 Waterfront Property Sale; Site Assessment Study. Amend RSA 485-A:39, I to read as follows:

I. Prior to the execution of a purchase and sale agreement for any developed waterfront property using a septic disposal system, the owner of the property shall, at his or her expense, engage a permitted subsurface sewer or waste disposal system designer to perform a site assessment study to determine if the site meets the current standards for septic disposal systems established by the department. The site assessment study shall include an on-site inspection. If the site assessment is not complete prior to the time that the buyer and seller enter into a purchase and sale contract, the contract shall be subject to the buyer’s acceptance of the completed site assessment.

177:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: June 18, 2007

Effective: August 17, 2007