Legislation - HB0292

Title: Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans
Sponsored by: Delegate Holmes
Status: In the House - First Reading Environment and Transportation
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; 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

Details

Cross-filed with: SB0063

Introduced in a prior session as: HB0281 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 1/09/2025 Legislative Date 1/09/2025 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 and Preparation of Funding Plans Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/09/2025	1/09/2025	First Reading Environment and Transportation
			Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans

File Code

Subjects

Statutes