Bill > A4384

This bill: Establishes new regulations for inspecting and maintaining the structural integrity of certain residential buildings in New Jersey, particularly condominium and cooperative buildings with concrete, masonry, steel, or hybrid primary load-bearing systems. It requires initial and periodic structural inspections of these "covered buildings" by qualified engineers, mandates that any necessary corrective maintenance be undertaken, and empowers associations to fund this maintenance through assessments or loans if needed. The bill also requires associations to conduct regular reserve studies and maintain adequate reserve funds to address building component replacements and repairs. Overall, the bill aims to enhance safety and proactive management of the structural integrity of certain residential buildings in the state.

Budget and Finance, Housing and Urban Affairs

https://www.njleg.state.nj.us/bill-search/2022/A4384