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:
- Judicial Proceedings
Details
Bill File Type: Regular
Effective Date(s): October 1, 2026
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Statutes
Last Updated: 2/5/2026 9:29 AM
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