MA H1267

Bill

Relative to adequate condominium reserve funds

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the reserve funds of condominiums. Housing.

AI Summary

This bill amends the Massachusetts General Laws to define the term "adequate replacement reserve fund" for condominiums as a reserve fund requirement determined by a periodic reserve fund study conducted by a certified engineering firm. The bill also requires the organization of condominium unit owners to develop appropriate funding plans to meet the needs outlined in such a study.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

David DeCoste (R), Matt Muratore (R),

Last Action

Accompanied a study order, see H5108 (on 11/05/2020)

Official Document

https://malegislature.gov/Bills/191/H1267

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H1267
Bill	https://malegislature.gov/Bills/191/H1267.pdf

Bill	Bill Name	Last Action	Type
H1301	Relative to a special commission to study condominium law	Accompanied a study order, see H5108	Similar To
H2539	Clarifying municipalities' rights to assess real estate taxes on commercial uses in common areas of condominium complexes	Accompanied a study order, see H5128	Similar To
H5108	Study Order - condominiums, landlords, tenants and miscellaneous matters.	Discharged to the committee on House Rules	Replaced by

Bill > H1267

MA H1267

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary