HOUSE BILL 695

Sponsored By:

Delegate Hecht

Entitled:

Homeowners Association - Annual Budget - Notice, Information, and Adoption

Synopsis:

Requiring the board of directors or other governing body of a homeowners association to prepare and submit an annual proposed budget to the lot owners at least 30 days before its adoption; authorizing a specified budget and notice of meeting to sent to lot owners by specified means; requiring the budget to include specified items; requiring the budget to be adopted at an open meeting of the homeowners association or specified other body; etc.

History by Legislative and Calendar Date

House Action

2/4

First Reading Environmental Matters

2/10

Hearing 2/25 at 1:00 p.m.

3/15

Favorable with Amendments Report by Environmental Matters

3/16

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/18

Third Reading Passed (138-0)

3/31

Returned Passed

Senate Action

3/19

First Reading Judicial Proceedings

4/2

Favorable Report by Judicial Proceedings

3/31

Favorable

Special Order 4/5 (Senator Lenett) Adopted

4/1

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (46-0)

Action after passage in House and Senate

5/4

Approved by the Governor

- Chapter 295

Bill indexed under the following Subjects:

Assessments

Budgets -see also- Capital Budgets

Homeowners Associations

Notices

Bill affects the following Statute:

Real Property

( 11B-112.2 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

House

Number: 260416/01     Offered on: March 16, 2010   at: 10:35 a.m.     Status: Adopted

Committee Votes :

House

Environmental Matters

Senate

Judicial Proceedings

Roll Call Votes (Legislative dates are shown):

House

March 18, 2010: Third Reading Passed (138-0)

Senate

April 2, 2010: Third Reading Passed (46-0)

April 2, 2010: Third Reading Passed (46-0)