ANALYSIS HB 913 (ER) -- CONDO 3.0

CHAPTER XVI

• Authority, responsibility, and duties of Division of Florida Condominiums, Timeshares, and Mobile Homes: Line 2763 – 3238

Section 16, Subsections (1) and (3) of section 718.501, Florida Statutes, are amended, and paragraph (d) is added to subsection (2) of that section are amended.

 

The bill amends s.  718.501(1) to add a new paragraph “8” and renumber the present paragraph “8” as paragraph “9.”

• The bill amends s.718.501(1), F.S. to remove the jurisdiction of the division on compliance and enforcement on procedural completion of milestone inspections under s. 553.899.

• The bill provides that after developer turnover, the division has the jurisdiction to review records and investigate complaints.

• The bill amends s.718.501(1)7., F.S.to include milestone inspections under s. 553.899.

The bill amends s. 718.501(1) to add new paragraphs 8, 10, 11 and 12.

• Paragraph 8.relates to completion of repairs required by a milestone inspection under s. 553.899.

• Paragraph 10 provides “the requirement for associations to maintain an insurance policy or fidelity bonding for all persons who control or disperse funds of the association under s. 718.111(11)(h).

• Paragraph 11 provides board member education requirements under s. 718.112(2)(d)5.b.

• Paragraph 12 provides reporting requirements for structural integrity reserve studies under subsection (3) and under s. 718.112(2)(g)12.

The bill provides that each condominium association must create and maintain an online account with the division, as required in subsection ( 3).

 

Subsection(3)provides that:

• “On or before October 1, 2025, all condominium associations must create and maintain an online account with the division and provide information requested by the division in an electronic format determined by the division. The division shall adopt rules to implement this subsection. The division may require condominium associations to provide such information no more than once per year, except that the division may require condominium associations to update the contact information in paragraph (a) within 30 days after any change. The division shall provide a condominium association at least a 45-day notice of any requirement to provide any information after the condominium association initially creates an online account. The information that the division may require from condominium associations is limited to:

(a) Contact information for the association that includes:

 

1. Name of the association.

2. The physical address of the condominium property.

3. Mailing address and county of the association.

4. E-mail address and telephone number for the association.

5. Name and board title for each member of the association's board.

6. Name and contact information of the association's community association manager or community association management firm, if applicable.

7. The hyperlink or website address of the association's website, if applicable.

 

(b) Total number of buildings and for each building in the association:

 

1. Total number of stories, including both habitable and uninhabitable stories.

2. Total number of units.

3. Age of each building based on the certificate of occupancy.

4. Any construction commenced within the common elements within the calendar year.

 

(c) The association's assessments, including the:

1. Amount of assessment or special assessment by unit type, including reserves.

2. Purpose of the assessment or special assessment.

3. Name of the financial institution or institutions with which the association maintains accounts.

 

(d) A copy of any structural integrity reserve study and any associated materials requested by the department within 5 business days after such request, in a manner prescribed by the department.

LEGISLATIVE SESSION

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