summary
Introduced
02/01/2021
02/01/2021
In Committee
02/18/2021
02/18/2021
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO HOMEOWNER ASSOCIATIONS; REQUIRING THAT NO LESS THAN SEVENTY-FIVE PERCENT OF THE BOARD OF A HOMEOWNER ASSOCIATION BE ELECTED BY LOT OWNERS AFTER SEVENTY-FIVE PERCENT OF LOTS ARE NO LONGER OWNED BY THE DECLARANT; REMOVING EXCEPTIONS FOR MASTER PLANNED COMMUNITIES.
AI Summary
This bill amends the existing Homeowner Association Act in New Mexico. It requires that after 75% of the lots are no longer owned by the declarant, at least 75% of the homeowner association board members must be elected by the lot owners, removing the previous exceptions for master-planned communities. The bill also specifies the timeline for lot owners to have representation on the board, starting with at least 25% of the board members being elected by lot owners after 25% of the lots are conveyed to non-declarant owners, and increasing to at least 33% after 50% of the lots are conveyed. The bill aims to give lot owners more control over the homeowner association's governance as the development matures.
Committee Categories
Health and Social Services, Justice
Sponsors (2)
Last Action
SHPAC: Reported by committee with Do Pass recommendation (on 02/18/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=231&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0231.pdf |
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