RELATING TO ASSOCIATION FEES.
Summary
Requires the breakdown of the annual maintenance fees in developer's public reports to include annual reserve contributions based on a reserve study. Redefines "cash flow plan" to mean a minimum thirty-year projection of a condominium association's future income and expense requirements to fund fully its replacement reserves requirements each year, except for emergencies.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2022
Committee Review
Floor Vote
Governor
Introduced Jan 25, 2022
Last action Jan 28, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Jan 28, 2022
Committee
Referred to CPC, referral sheet 3
lower
Jan 26, 2022
Introduced
Introduced and Pass First Reading.
lower
Jan 25, 2022
Introduced
Pending introduction.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
MS
Matthew S. LoPresti
DDemocratic
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