Legislation - HB0292

Title: Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans
Sponsored by: Delegates Holmes, Roberts, Hartman, Allen, Boyce, and Foley
Status: In the Senate - Passed Enrolled
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Requiring that certain funds for certain reserve accounts be deposited on or before the last day of each fiscal year; 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; authorizing a reasonable deviation from certain reserve funding requirements following a certain financial hardship determination; requiring that certain updated reserve studies be prepared by a certain person; etc.

Committees

Original:: Environment and Transportation Click to view Recorded Media

Opposite:: Judicial Proceedings

Committee Testimony

Witness List

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 House Calendar Date 1/15/2025 Legislative Date 1/15/2025 Action Hearing 2/04 at 1:00 p.m. Proceedings
Chamber House Calendar Date 1/20/2025 Legislative Date 1/20/2025 Action Hearing canceled Proceedings
Chamber House Calendar Date 1/20/2025 Legislative Date 1/20/2025 Action Hearing 1/24 at 2:30 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 3/03/2025 Legislative Date 3/03/2025 Action Favorable with Amendments Report by Environment and Transportation Proceedings
Chamber House Calendar Date 3/04/2025 Legislative Date 2/25/2025 Action Favorable with Amendments {423625/1 Adopted Proceedings 37BClick to view Recorded Media
Chamber House Calendar Date 3/04/2025 Legislative Date 2/25/2025 Action Second Reading Passed with Amendments Proceedings 37BClick 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 3/06/2025 Legislative Date 2/27/2025 Action Third Reading Passed (102-33) Proceedings 39 Click to view Recorded Media
Chamber Senate Calendar Date 3/07/2025 Legislative Date 2/19/2025 Action Referred Judicial Proceedings Proceedings 39 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/26/2025 Legislative Date 3/26/2025 Action Favorable with Amendments Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/26/2025 Legislative Date 3/08/2025 Action Favorable with Amendments {563727/1 Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 3/26/2025 Legislative Date 3/08/2025 Action Motion Laid Over (Senator Ready) Adopted Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/09/2025 Action Favorable with Amendments {563727/1 Adopted Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/09/2025 Action Floor Amendment {763528/1 (Senator West) Adopted Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 3/27/2025 Legislative Date 3/09/2025 Action Second Reading Passed with Amendments Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 3/28/2025 Legislative Date 3/10/2025 Action Floor Amendment {663328/1 (Senator West) Adopted Proceedings 58 Click to view Recorded Media
Chamber Senate Calendar Date 3/28/2025 Legislative Date 3/10/2025 Action Third Reading Passed with Amendments (39-6) Proceedings 58 Click to view Recorded Media
Chamber House Calendar Date 4/05/2025 Legislative Date 3/22/2025 Action House Refuses Concur Senate Amendments Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/05/2025 Legislative Date 3/22/2025 Action House Requests Senate Recede Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/05/2025 Legislative Date 3/22/2025 Action House Conference Committee Appointed (Delegates Holmes, Stewart and Nawrocki) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2025 Legislative Date 3/20/2025 Action House Refuses Concur Senate Amendments Proceedings 68 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2025 Legislative Date 3/20/2025 Action House Requests Senate Recede Proceedings 68 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2025 Legislative Date 3/20/2025 Action House Conference Committee Appointed (Delegates Holmes, Stewart and Nawrocki) Proceedings 68 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2025 Legislative Date 3/20/2025 Action Senate Refuses Recede Proceedings 68 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2025 Legislative Date 3/20/2025 Action Senate Conference Committee Appointed (Senators Waldstreicher, Henson and West) Proceedings 68 Click to view Recorded Media
Chamber House Calendar Date 4/05/2025 Legislative Date 3/22/2025 Action Senate Refuses Recede Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/05/2025 Legislative Date 3/22/2025 Action Senate Conference Committee Appointed (Senators Waldstreicher, Henson and West) Proceedings 62 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/23/2025 Action Conference Committee Report {833121/1 Adopted Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/23/2025 Action Third Reading Passed (107-32) Proceedings 63 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2025 Legislative Date 3/24/2025 Action Conference Committee Report {833121/1 Adopted Proceedings 72 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2025 Legislative Date 3/24/2025 Action Third Reading Passed (46-0) Proceedings 72 Click to view Recorded Media
Chamber House Calendar Date 4/07/2025 Legislative Date 3/25/2025 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - 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
House	1/15/2025	1/15/2025	Hearing 2/04 at 1:00 p.m.
House	1/20/2025	1/20/2025	Hearing canceled
House	1/20/2025	1/20/2025	Hearing 1/24 at 2:30 p.m.
			Vote - House - Committee - Environment and Transportation	Click to view Recorded Media
House	3/03/2025	3/03/2025	Favorable with Amendments Report by Environment and Transportation
House	3/04/2025	2/25/2025	Favorable with Amendments {423625/1 Adopted	37BClick to view Recorded Media
House	3/04/2025	2/25/2025	Second Reading Passed with Amendments	37BClick to view Recorded Media
			Text - Third - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans
House	3/06/2025	2/27/2025	Third Reading Passed (102-33)	39 Click to view Recorded Media
Senate	3/07/2025	2/19/2025	Referred Judicial Proceedings	39 Click to view Recorded Media
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/26/2025	3/26/2025	Favorable with Amendments Report by Judicial Proceedings
Senate	3/26/2025	3/08/2025	Favorable with Amendments {563727/1	56 Click to view Recorded Media
Senate	3/26/2025	3/08/2025	Motion Laid Over (Senator Ready) Adopted	56 Click to view Recorded Media
Senate	3/27/2025	3/09/2025	Favorable with Amendments {563727/1 Adopted	57 Click to view Recorded Media
Senate	3/27/2025	3/09/2025	Floor Amendment {763528/1 (Senator West) Adopted	57 Click to view Recorded Media
Senate	3/27/2025	3/09/2025	Second Reading Passed with Amendments	57 Click to view Recorded Media
Senate	3/28/2025	3/10/2025	Floor Amendment {663328/1 (Senator West) Adopted	58 Click to view Recorded Media
Senate	3/28/2025	3/10/2025	Third Reading Passed with Amendments (39-6)	58 Click to view Recorded Media
House	4/05/2025	3/22/2025	House Refuses Concur Senate Amendments	62 Click to view Recorded Media
House	4/05/2025	3/22/2025	House Requests Senate Recede	62 Click to view Recorded Media
House	4/05/2025	3/22/2025	House Conference Committee Appointed (Delegates Holmes, Stewart and Nawrocki)	62 Click to view Recorded Media
Senate	4/05/2025	3/20/2025	House Refuses Concur Senate Amendments	68 Click to view Recorded Media
Senate	4/05/2025	3/20/2025	House Requests Senate Recede	68 Click to view Recorded Media
Senate	4/05/2025	3/20/2025	House Conference Committee Appointed (Delegates Holmes, Stewart and Nawrocki)	68 Click to view Recorded Media
Senate	4/05/2025	3/20/2025	Senate Refuses Recede	68 Click to view Recorded Media
Senate	4/05/2025	3/20/2025	Senate Conference Committee Appointed (Senators Waldstreicher, Henson and West)	68 Click to view Recorded Media
House	4/05/2025	3/22/2025	Senate Refuses Recede	62 Click to view Recorded Media
House	4/05/2025	3/22/2025	Senate Conference Committee Appointed (Senators Waldstreicher, Henson and West)	62 Click to view Recorded Media
House	4/07/2025	3/23/2025	Conference Committee Report {833121/1 Adopted	63 Click to view Recorded Media
House	4/07/2025	3/23/2025	Third Reading Passed (107-32)	63 Click to view Recorded Media
Senate	4/07/2025	3/24/2025	Conference Committee Report {833121/1 Adopted	72 Click to view Recorded Media
Senate	4/07/2025	3/24/2025	Third Reading Passed (46-0)	72 Click to view Recorded Media
House	4/07/2025	3/25/2025	Passed Enrolled
			Text - Enrolled - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts and Preparation of Funding Plans

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