Governor Signs Methamphetamine Laboratory Disclosure Bill Into Law
On May 1, Governor Owens signed SB 2 into law. SB 2 will require sellers to disclose in the sales contract whether the property was ever used as a methamphetamine laboratory. (The details of SB 2 are discussed in this post.) This law will go into effect on January 1, 2007, and will apply to all residential sale contracts offered and entered into on or after that date. Associations should be aware that if they are selling property, this disclosure requirement will apply to the sales contracts used.