S 762 New Jersey Senate · 2024-2025 Regular Session

Establishes penalty on planned real estate development association for failure to provide association members timely access to certain meeting minutes.

S 762 requires New Jersey homeowners' associations, condominiums, and cooperatives (defined as "planned real estate developments") to provide meeting minutes to members before the next open meeting. It authorizes the Commissioner of Community Affairs to impose a penalty of up to $2,000 per meeting if minutes are not made available to members as required under existing law (P.L.1993, c.30). This bill adds enforcement authority to an existing requirement that associations must share executive board meeting minutes with members. The penalty applies only when minutes are not provided to one or more members for a meeting that required disclosure. The bill does not change the underlying requirement for minute accessibility but creates a financial consequence for noncompliance.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
1 primary · 0 co-sponsors

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Legislator
Party
State
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P
Photo of Gordon Johnson
Gordon Johnson
DDemocratic
NJ
37