Legislation - SB1157

Title: Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts
Sponsored by: Senator Carozza
Status: In the Senate - Rereferred to Judicial Proceedings
Analysis: Fiscal and Policy Note

Synopsis

Requiring that certain funds for the reserve account of a cooperative housing corporation, a residential condominium, or a homeowners association be deposited on or before the last day of each fiscal year; extending from 3 to 5 years the duration to comply with a certain funding requirement related to reserve accounts; and requiring a residential condominium or a homeowners association to review the reserve study annually for accuracy.

Committees

Original:: Judicial Proceedings

Details

Cross-filed with: HB0281

Introduced in a prior session as: HB0534 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber Senate Calendar Date 2/11/2024 Legislative Date 2/11/2024 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts Proceedings
Chamber Senate Calendar Date 3/27/2024 Legislative Date 3/28/2024 Action Rereferred to Judicial Proceedings Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/11/2024	2/11/2024	First Reading Senate Rules
			Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts
Senate	3/27/2024	3/28/2024	Rereferred to Judicial Proceedings

File Code

Subjects

Statutes