Bill Summary By ANALYSIS OF BILL HB 173 HB 173 (SUMMARY): Not-for-profit Corporations that Operate Residential Homeowners' Associations
GENERAL
BILL by Representative Kimberly Daniels
We cannot support this bill. This bill relates to not-for-profit corporations that operate residential homeowners' associations; and provides requirements for not-for-profit corporations that operate residential communities. It’s nonsensical and useless, and, even in its current preliminary stage demonstrates a path is that is dangerous, authoritarian and against public policy. The bill, in part, reads as follows:
“A not-for-profit corporation incorporated under chapter 617 that operates an association must do all of the following: a. Donate or use at least 15 percent of the association's total annual income to benefit the community the county in which the community served by the association is located. b. Maintain, and make available upon request, documentation and records detailing how such funds were used or where such funds were donated.”
This nightmare of a bill should never have been reduced to a writing. This bill cannot force a tithe of 15 percent to owners in mandatory associations, especially since Chapters 718, 719, 720 F.S. prevail over any contradiction with chapter 617 F.S. under 617.1703(1)(a) F.S.
EFFECTIVE JULY 1, 2024 |
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