Legislation

Title: Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans
Sponsored by: Delegate Holmes
Status: In the Senate - Hearing 3/26 at 1:00 p.m.
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring that the annual budget of a cooperative housing corporation, a residential condominium, or a homeowners association include certain funds; 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; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Opposite:: Judicial Proceedings Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: SB1157

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 House Calendar Date 1/12/2024 Legislative Date 1/12/2024 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts Proceedings
Chamber House Calendar Date 1/18/2024 Legislative Date 1/18/2024 Action Hearing 2/06 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Environment and Transportation Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/15/2024 Legislative Date 3/15/2024 Action Favorable with Amendments Report by Environment and Transportation Proceedings
Chamber House Calendar Date 3/15/2024 Legislative Date 3/05/2024 Action Favorable with Amendments {863426/1 Adopted Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/15/2024 Legislative Date 3/05/2024 Action Motion Special Order until Next Session (Delegate Adams) Adopted Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/15/2024 Legislative Date 3/06/2024 Action Floor Amendment {883328/1 (Delegate Adams) Rejected (36-95) Proceedings 45 Click to view Recorded Media
Chamber House Calendar Date 3/15/2024 Legislative Date 3/06/2024 Action Second Reading Passed with Amendments Proceedings 45 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans Proceedings
Chamber House Calendar Date 3/18/2024 Legislative Date 3/09/2024 Action Third Reading Passed (103-33) Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2024 Legislative Date 3/06/2024 Action Referred Judicial Proceedings Proceedings 51 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2024 Legislative Date 3/20/2024 Action Hearing 3/26 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/12/2024	1/12/2024	First Reading Environment and Transportation
			Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts
House	1/18/2024	1/18/2024	Hearing 2/06 at 1:30 p.m.
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	3/15/2024	3/15/2024	Favorable with Amendments Report by Environment and Transportation
House	3/15/2024	3/05/2024	Favorable with Amendments {863426/1 Adopted	44 Click to view Recorded Media
House	3/15/2024	3/05/2024	Motion Special Order until Next Session (Delegate Adams) Adopted	44 Click to view Recorded Media
House	3/15/2024	3/06/2024	Floor Amendment {883328/1 (Delegate Adams) Rejected (36-95)	45 Click to view Recorded Media
House	3/15/2024	3/06/2024	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans
House	3/18/2024	3/09/2024	Third Reading Passed (103-33)	48 Click to view Recorded Media
Senate	3/18/2024	3/06/2024	Referred Judicial Proceedings	51 Click to view Recorded Media
Senate	3/20/2024	3/20/2024	Hearing 3/26 at 1:00 p.m.

File Code

Subjects

Statutes