Due to the current building slump and strained credit market, California lawmakers are considering two bills, one introduced in the Senate (SB 1185-Lowenthal) and the other in the Assembly (AB 1777-Houston), to extend the expiration date of approved, but not yet expired, tentative maps for two years. The extension, if passed and signed into law, would be in addition to other extensions available under local ordinance and/or the Subdivision Map Act. The legislature took similar action in 1993 and 1996 during the last downturn in the housing market.
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