COMMON OWNERSHIP COMMUNITIES
HB 292/SB 63 Funding of Reserve Accounts and Preparation of Funding Plans PASSED – Effective October 1, 2025 POSITION: Support This bill grants additional flexibility to meet required reserve funding requirements and creates a financial hardship process to alter approved reserve funding plans for up to 1 fiscal year. HB 294/SB 71 Task Force on Common Ownership Communities DID NOT PASS POSITION: Support with Amendments This bill would have created a Task Force to study the education and training needs of common ownership community boards and new and prospective owners in these communities. HB 303 Regulation of Common Ownership Community Managers DID NOT PASS POSITION: Support If passed, this bill would have created a state board within the Department of Labor to oversee the licensing of community managers. HB 306/SB 866 Common Ownership Communities - Ombudsman DID NOT PASS POSITION: Support This would have created an Ombudsman Unit in the Office of the Attorney General to respond to complaints and established a database of governing documents accessible to the public. HB 1211 Common Ownership Communities - Online Publication of Resale Disclosures DID NOT PASS POSITION: Support Associations would be required to publish all resale disclosures that are not specific to a particular unit on their webpage without cost to view or download. HB 1411/SB 1011 Insufficient Condominium Reserve Account Grant Fund - Establishment DID NOT PASS POSITION: Support with Amendments Low- income condominium owners would have access to a grant fund to pay increased assessments resulting from reserve account funding requirements.
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