Legislation - HB1215

Title: Common Ownership Communities - Time to Attain Reserve Funding Level - Extension
Sponsored by: Delegates Hartman, Arentz, Baker, Griffith, Hornberger, Hutchinson, Jacobs, Miller, M. Morgan, T. Morgan, Nawrocki, Otto, Pippy, Rose, Schmidt, and Wivell
Status: In the House - Hearing 2/28 at 1:00 p.m.
Analysis

Synopsis

Extending from 3 to 5 fiscal years the time in which the governing body of a cooperative housing corporation, condominium, or homeowners association is required to attain a certain recommended annual reserve funding level following an initial reserve study.

Committees

Original:: Environment and Transportation

Details

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 2/06/2025 Legislative Date 2/06/2025 Action First Reading Environment and Transportation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Common Ownership Communities - Time to Attain Reserve Funding Level - Extension Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 2/28 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/06/2025	2/06/2025	First Reading Environment and Transportation
			Text - First - Common Ownership Communities - Time to Attain Reserve Funding Level - Extension
House	2/07/2025	2/07/2025	Hearing 2/28 at 1:00 p.m.

File Code

Subjects

Statutes