Legislation - HB1269

Title: Common Ownership Communities - Reserve Accounts and Reserve Studies - Alterations
Sponsored by: Delegate Bhandari
Status: In the House - First Reading Economic Matters
Analysis

Synopsis

Requiring the governing bodies of certain cooperative housing corporations, condominiums, or homeowners associations to adopt an annual budget that includes certain calculations for the cost to repair or replace capital components that are the responsibility of the common ownership community; providing that a certain portion of the members of a common ownership community may determine the community and its members are facing a financial hardship or that a determination of financial hardship may be extended; etc.

Committees

Original:: Economic Matters

Details

Cross-filed with: SB0615

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 2/12/2026 Legislative Date 2/12/2026 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Common Ownership Communities - Reserve Accounts and Reserve Studies - Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/12/2026	2/12/2026	First Reading Economic Matters
			Text - First - Common Ownership Communities - Reserve Accounts and Reserve Studies - Alterations

File Code

Subjects

Statutes