[§514B-96]  Designation of residential
units.  (a)  The developer of any project containing residential units
shall designate at least fifty per cent of the units for sale to prospective
owner-occupants pursuant to section 514B‑98.  The designation shall be
set forth either in the developer's public report or in the announcement or
advertisement required by section 514B‑95.5, and may be set forth in
both.  The units shall constitute a proportionate representation of all the
residential units in the project with regard to factors of square footage,
number of bedrooms and bathrooms, floor level, and whether or not the unit has
a lanai.



(b)  A developer shall have the right to
substitute a unit designated for owner-occupants with a unit that is not so
designated; provided that the units shall be similar with regard to the factors
enumerated in subsection (a).  The substitution shall not require the
developer's submission of a supplementary developer's public report. [L 2005, c
93, pt of §4]