SB 154: Condominium and Cooperative Associations
GENERAL BILL by Senator Jennifer Bradley
Companion Bill : HB 1395
Condominium and Cooperative Associations; Revising the circumstances under which community association managers or management firms must comply with a specified provision; revising the definition of the terms “milestone inspection” and “substantial structural deterioration”; authorizing local enforcement agencies to make certain determinations relating to milestone inspections after a building reaches a specified age; authorizing municipal governing bodies to adopt certain ordinances relating to association repairs; revising the types of policyholders not required to purchase flood insurance as a condition for maintaining certain policies issued by the Citizens Property Insurance Corporation; revising condominium association reserve account requirements, etc.
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BILL ANALYSIS AND FISCAL IMPACT STATEMENT NEW
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