| Measure Title: |
RELATING TO CONDOMINIUMS.
|
| Report Title: |
Condominium Associations; Condominium Boards; Fiduciary Duty; Replacement Reserves Funds; Minimum Balance
|
| Description: |
Provides that a condominium board's or its officer's or member's failure to maintain the minimum required balance for a condominium's replacement reserves fund may constitute a violation of the fiduciary duty owed. Establishes a minimum balance for a condominium association's replacement reserves fund, with an exception for sufficient assessments. Effective 9/1/2025.
|
| Companion: |
|
| Package: |
None
|
| Current Referral: |
CPC
|
| Introducer(s): |
MATAYOSHI, CHUN
|
| Act: |
|
| Sort by Date | Chamber | Status Text |
| 2/19/2025 | H | The committee(s) on CPC recommend(s) that the measure be deferred. |
| 2/14/2025 | H | Bill scheduled to be heard by CPC on Wednesday, 02-19-25 2:00PM in House conference room 329 VIA VIDEOCONFERENCE. |
| 1/21/2025 | H | Referred to CPC, referral sheet 1 |
| 1/16/2025 | H | Introduced and Pass First Reading. |
| 1/14/2025 | H | Prefiled. |
S = Senate |
H = House |
D = Data Systems |
$ = Appropriation measure |
ConAm = Constitutional Amendment
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HB117