2025 Regular SessionMaryland Legislature

HB1215: Common Ownership Communities - Time to Attain Reserve Funding Level - Extension

Legislative Summary

Extending from 3 to 5 fiscal years the time in which the governing body of a cooperative housing corporation, condominium, or homeowners association is required to attain a certain recommended annual reserve funding level following an initial reserve study.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/6/2025
First Reading Environment and Transportation
House of Delegates
2/7/2025
Hearing 2/28 at 1:00 p.m.
House of Delegates
2/26/2025
Hearing canceled
House of Delegates
3/3/2025
Withdrawn by Sponsor
House of Delegates