HF 1806

as introduced - 83rd Legislature (2003 - 2004) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to real property; the electronic real estate 
  1.3             recording task force created by Laws 2000, chapter 
  1.4             391; amending uncoded laws relating to that task 
  1.5             force; extending the period of existence of the task 
  1.6             force and the surcharge on filings appropriated to the 
  1.7             task force; appropriating money; amending Laws 2000, 
  1.8             chapter 391, section 1, subdivision 2; Laws 2001, 
  1.9             First Special Session chapter 10, article 2, section 
  1.10            77; Laws 2002, chapter 365, section 9; Laws 2003, 
  1.11            First Special Session chapter 1, article 2, section 
  1.12            123. 
  1.13  BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.14     Section 1.  Laws 2000, chapter 391, section 1, subdivision 
  1.15  2, is amended to read: 
  1.16     Subd. 2.  [STUDY AND RECOMMENDATIONS.] The task force shall 
  1.17  study and make recommendations regarding implementation of a 
  1.18  system for electronic filing and recording of real estate 
  1.19  documents and shall consider:  
  1.20     (1) technology and computer needs; 
  1.21     (2) legal issues such as authenticity, security, timing and 
  1.22  priority of recordings, and the relationship between electronic 
  1.23  and paper recording systems; 
  1.24     (3) cost-effectiveness of electronic recording systems; 
  1.25     (4) timetable and plan for implementing an electronic 
  1.26  recording system, considering types of documents and entities 
  1.27  using the system and volume of recordings; 
  1.28     (5) permissive versus mandatory systems; and 
  1.29     (6) other relevant issues identified by the task force.  
  2.1      The task force shall submit a report to the legislature by 
  2.2   January 15, 2001, outlining a proposed work plan and budget for 
  2.3   consideration by the legislature.  The task force expires June 
  2.4   30, 2003 2006. 
  2.5      Sec. 2.  Laws 2001, First Special Session chapter 10, 
  2.6   article 2, section 77, the effective date, is amended to read: 
  2.7      [EFFECTIVE DATE.] This section is effective only between 
  2.8   August 1, 2001, and June 30, 2003 2006. 
  2.9      Sec. 3.  Laws 2002, chapter 365, section 9, is amended to 
  2.10  read: 
  2.11     Sec. 9.  [EFFECTIVE DATES AND APPLICATION.] 
  2.12     The amendments made by sections 3 and 4 are effective until 
  2.13  June 30, 2004 2006, for documents last acknowledged ten or more 
  2.14  days after the date of final enactment of this act; or filed 45 
  2.15  days or more after the date of final enactment.  Sections 6 to 8 
  2.16  are effective the day following final enactment. 
  2.17     Sec. 4.  Laws 2003, First Special Session chapter 1, 
  2.18  article 2, section 123, is amended to read: 
  2.19     Sec. 123.  [REAL ESTATE FILING SURCHARGE.] 
  2.20     All funds collected during the fiscal year ending June 30, 
  2.21  2006, the fiscal year ending June 30, 2005, the fiscal year 
  2.22  ending June 30, 2004, and funds collected in the fiscal year 
  2.23  ending June 30, 2003, that carry forward into the fiscal year 
  2.24  ending June 30, 2004, pursuant to the additional 50-cent 
  2.25  surcharges imposed by Laws 2001, First Special Session chapter 
  2.26  10, article 2, section 77, and Laws 2002, chapter 365, as 
  2.27  amended by this chapter are appropriated to the legislative 
  2.28  coordinating commission for the real estate task force 
  2.29  established by Laws 2000, chapter 391, for the purposes set 
  2.30  forth in Laws 2001, First Special Session chapter 10, article 2, 
  2.31  sections 98 to 101.  $25,000 in each fiscal year from those 
  2.32  funds are to be retained by the legislative coordinating 
  2.33  commission for the services described in Laws 2001, First 
  2.34  Special Session chapter 10, article 2, section 99.