Bill > H0973

This bill expands the definition of "qualifying improvement" to include stabilization or other repairs to real property damaged by subsidence, such as sinkholes, and clarifies that these repairs are considered affixed to a building or facility. It also revises disclosure requirements for property sales to include information about these subsidence-related assessments. Additionally, the bill broadens the definition of a "blighted area" to encompass areas with a significant number of unrepaired or unstabilized properties damaged by subsidence. Finally, it prohibits community redevelopment agencies, specifically those established due to subsidence damage, from paying attorney fees or public adjuster fees related to subsidence losses for homeowners, claimants, or insured individuals.