summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to the reserve funds of condominiums. Housing.
AI Summary
This bill amends the General Laws of Massachusetts to define an "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 condominium organizations to develop appropriate funding plans to meet the needs outlined in such a study.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Accompanied a study order, see H5271 (on 09/19/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H1387 |
| Bill | https://malegislature.gov/Bills/192/H1387.pdf |
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