Legislation - SB0063

Title: Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans
Sponsored by: Senator Muse
Status: In the Senate - Hearing 1/21 at 2:30 p.m.
Analysis

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, extending from 3 to 5 years the duration to comply with a certain funding requirement; 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:: Judicial Proceedings

Details

Cross-filed with: HB0292

Introduced in a prior session as: SB1157 Session: 2024 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 11/01/2024 Legislative Date 11/01/2024 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2025 Legislative Date 1/08/2025 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans Proceedings
Chamber Senate Calendar Date 1/09/2025 Legislative Date 1/09/2025 Action Hearing 1/21 at 2:30 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	11/01/2024	11/01/2024	Pre-filed
Senate	1/08/2025	1/08/2025	First Reading Judicial Proceedings
			Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans
Senate	1/09/2025	1/09/2025	Hearing 1/21 at 2:30 p.m.

File Code

Subjects

Statutes