Purpose of the Bill

The bill aims to ensure that any proposed legislation that could significantly increase the costs of residential housing construction or remodeling is thoroughly reviewed by the appropriate legislative committees. This is intended to provide oversight and careful consideration of how these bills might impact housing affordability and the housing market.

Main Provisions

• The bill requires that any proposed law causing an increase in residential construction or remodeling costs of $3,000 or more per housing unit must be specifically referred to legislative committees that have authority over housing finance and policy.
• This measure is an effort to address potential financial burdens that such legislative changes might impose on new and existing housing projects.

Significant Changes

• This bill introduces a new procedural requirement for certain types of legislation affecting housing costs. Previously, not all bills with financial implications for housing construction were mandated to be reviewed by housing-focused committees.

Relevant Terms

residential construction, remodeling costs, housing finance, housing policy, legislative review, cost increase, housing affordability.