Provides standards for election and recall of officers for associations of planned real estate developments and restricts certain expenditures.

This New Jersey bill establishes standardized election procedures for executive boards of planned real estate development associations (such as homeowners associations), requiring two-year election cycles with independent election committees and two written notices (60 days and 14-30 days prior to elections). It limits executive board terms to two years, restricts board size based on community size (three members for communities under 11 units, five for larger communities), and mandates anonymous voting with multiple voting options (mail, in-person, electronic). The bill also requires association members to approve major expenditures exceeding $100,000 or maintenance fee increases above the Consumer Price Index, with exceptions for emergencies and necessary regulatory compliance. These provisions directly affect homeowners, board members, and association management in New Jersey communities governed by these associations.