SB 1742: Condominium and Cooperative Associations

GENERAL BILL by Senator Jennifer Bradley      

Companion Bill (Compare) : HB 913

 

Condominium and Cooperative Associations; Revising the methods of delivery for a copy of the most recent association financial report to include electronic delivery via the Internet; authorizing a unit-owner-controlled association to obtain a line of credit in lieu of maintaining reserves for budgets adopted on or before a specified date upon a majority vote of the association; revising the disclosures that must be included in a contract for the sale and resale of a residential unit; requiring a board to use best efforts to make prudent investment decisions in fulfilling its duty to manage operating and reserve funds of the association, etc.

 

Effective Date: July 1, 2025
 

History:

DATE CHAMBER ACTION
2/28/2025 Senate • Filed
3/7/2025 Senate • Referred to Regulated Industries; Appropriations Committee on Agriculture, Environment, and General Government; Rules
3/10/2025 Senate • Introduced
3/14/2025 Senate • On Committee agenda-- Regulated Industries, 03/19/25, 9:00 am, 412 Knott Building --Temporarily Postponed
3/20/2025 Senate • On Committee agenda-- Regulated Industries, 03/25/25, 4:00 pm, 412 Knott Building
3/25/2025 Senate • CS by Regulated Industries; YEAS 8 NAYS 0
3/27/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Committee on Agriculture, Environment, and General Government
4/2/2025 Senate • CS by Regulated Industries read 1st time
4/10/2025 Senate • On Committee agenda-- Appropriations Committee on Agriculture, Environment, and General Government, 04/15/25, 12:30 pm, 412 Knott Building
4/15/2025 Senate

• CS/CS by Appropriations Committee on Agriculture, Environment, and General Government; YEAS 12 NAYS 0

(See VIDEO)

4/17/2025 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Rules
• On Committee agenda-- Rules, 04/21/25, 2:00 pm, 412 Knott Building
4/21/2025 Senate • CS/CS/CS by- Rules; YEAS 23 NAYS 0
4/22/2025 Senate • CS/CS by Appropriations Committee on Agriculture, Environment, and General Government read 1st time
• Pending reference review -under Rule 4.7(2) - (Committee Substitute)
• Placed on Calendar, on 2nd reading
• Placed on Special Order Calendar, 04/24/25
4/22/2025 Senate • CS/CS/CS by Rules read 1st time
     

PLEASE CLICK HERE FOR COMMITTEE SUBSTITUTE 3

PLEASE CLICK HERE FOR COMMITTEE SUBSTITUTE 2

PLEASE CLICK HERE FOR COMMITTEE SUBSTITUTE 1

PLEASE CLICK HERE FOR ORIGINALLY FILED VERSION!


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