SB63: Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans
Legislative Summary
Requiring that certain funds for certain reserve accounts be deposited on or before the last day of each fiscal year; requiring that certain updated reserve studies be prepared by a certain person; requiring the governing body of a cooperative housing corporation, a residential condominium, or a homeowners association to prepare a certain funding plan subject to certain requirements; authorizing a reasonable deviation from certain reserve funding requirements following a certain financial hardship determination; etc.
Demographic Impact
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Bill History
Amendments
Favorable with Amendments 463923/1
Favorable with Amendments 463923/1
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
