Passed BothConf. Cmte
- Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts
- Sponsored by
- Delegate Holmes
- In the Senate - Hearing 3/23 at 1:00 p.m.
- Fiscal and Policy Note
Requiring that certain funds for the reserve account of a cooperative housing corporation, a residential condominium, or a homeowners association be deposited on or before the last day of each fiscal year; extending the duration to comply with a certain funding requirement related to reserve accounts; and requiring a residential condominium or a homeowners association to review the reserve study annually for accuracy.
Bill File Type: Regular
Effective Date(s): October 1, 2023
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Last Updated: 6/9/2023 2:33 PM