Bill
Bill > HB313
MD HB313
MD HB313Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Reserve Studies - Statewide
summary
Introduced
01/13/2021
01/13/2021
In Committee
03/18/2021
03/18/2021
Crossed Over
03/17/2021
03/17/2021
Passed
Dead
04/12/2021
04/12/2021
Introduced Session
2021 Regular Session
Bill Summary
Requiring the governing body of certain cooperative housing corporations in the State to have a reserve study conducted of the common elements of the cooperative housing corporation by a certain date and updated at certain intervals under certain circumstances; requiring the reserve study conducted of the common elements of a cooperative housing corporation to meet certain criteria; requiring the annual budget of a cooperative housing corporation to include certain information under certain circumstances; etc.
AI Summary
This bill requires the governing bodies of cooperative housing corporations, condominiums, and homeowners associations in Maryland to have reserve studies conducted on their common elements or areas. The bill sets out specific requirements for when these reserve studies must be completed, the qualifications of the persons conducting the studies, and how the findings must be incorporated into the annual budgets. The bill applies to cooperative housing corporations and condominiums established on or after October 1, 2020 (or 2021 for counties other than Prince George's), as well as existing ones in Prince George's County. For homeowners associations, the bill applies to those with responsibility for maintaining common areas and total installation costs of at least $10,000.
Committee Categories
Justice, Transportation and Infrastructure
Sponsors (1)
Last Action
Hearing 3/30 at 1:00 p.m. (on 03/19/2021)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0313?ys=2021RS |
| BillText | http://mgaleg.maryland.gov/2021RS/bills/hb/hb0313t.pdf |
| Favorable with Amendments 610419/1 Adopted | http://mgaleg.maryland.gov//2021RS/amds/bil_0003/hb0313_61041901.pdf |
| Floor Amendment 703921/1 (Delegate Krebs) | http://mgaleg.maryland.gov//2021RS/amds/bil_0003/hb0313_70392101.pdf |
| Favorable with Amendments 230014/1 Adopted | http://mgaleg.maryland.gov//2021RS/amds/bil_0003/hb0313_23001401.pdf |
| Vote Image | http://mgaleg.maryland.gov/2021RS/votes_comm/hb0313_ent.pdf |
| BillText | http://mgaleg.maryland.gov/2021RS/bills/hb/hb0313f.pdf |
Loading...