Governor Signs Subdivision Map Extension
July 23, 2009
Gov. Schwarzenegger has signed AB 333, the CBIA-sponsored bill to extend expiring subdivision maps for two additional years.
The Governor’s signature on the bill, authored by Assemblyman Felipe Fuentes (D-Los Angeles), means the measure takes effect immediately, keeping hundreds of expiring subdivision maps alive for another 24 months.
AB 333 was introduced in January as a key element of CBIA’s homebuilding industry recovery effort. Since then, the bill has won strong bipartisan support, and CBIA is hopeful the two-year extension outlasts the stubborn recession gripping state real estate markets.
Earlier, CBIA became concerned that the targeted July 15 deadline would not be met. The Governor announced that until a deal was reached on the state budget he would not sign other legislation. But the Governor did indicate that exceptions were possible.
CBIA enlisted the support of many of you and worked with the Administration’s legislative representatives to ensure the Governor fully understood the importance of AB 333 and the urgency of signing it by July 15.
Special thanks go to Schwarzenegger, Fuentes, Assembly Speaker Karen Bass (D-Los Angeles), Assembly Majority Leader Alberto Torrico (D-Newark), Senate President Pro Tem Darrell Steinberg (D-Sacramento), Sen. Alex Padilla (D-Pacoima), Sen. Mimi Walters (R-Tustin), Sen. Alan Lowenthal (D-Long Beach), and the entire Legislative Division in the Office of the Governor.
