Common interest developments: association: annual policy statement.

Existing law, the Davis-Stirling Common Interest Development Act, defines and regulates common interest developments, which are managed by homeowners' associations. Existing law requires the association to distribute an annual policy statement, containing specified information, to the members within 30 to 90 days before the end of the fiscal year. This bill would change the time requirements for distribution of the annual policy statement to be within 31 to 91 days before the end of the fiscal year.