Bill > A2274

Introduced Session

This bill supplements the "State Uniform Construction Code Act" (UCCA) to require that certain covered buildings, which are limited to condominiums and cooperatives, and plans be inspected and reviewed by a structural inspector, as defined in the bill, at certain times and intervals. In addition, this bill assures that planned real estate developments have adequate reserve funds to make certain required maintenance repairs to building components and common areas. Under the bill, following the issuance of a certificate of occupancy, an initial structural inspection of the building components forming the primary load bearing system of a covered building is required to be completed by a post-occupancy structural inspector. The bill further establishes certain timelines for inspections, dependent on when a certificate of occupancy was issued. In addition, this bill requires that a planned real estate development undertake a capital reserve study to identify and assess the adequacy of the association's capital reserve funds to meet the anticipated costs associated with maintaining the structural integrity of the buildings that the association is obligated to maintain. This capital reserve study is to be conducted by a credentialed reserve specialist, or licensed engineer or architect, and is to include an analysis of certain provisions enumerated in the bill. In addition, this bill requires that a planned real estate development create and fund a plan to ensure that adequate reserve funds are available to repair or replace one or more components of common elements and facilities that the association is obligated to maintain without need to create a special assessment or loan obligation. The bill also allows a planned real estate development's executive board to adopt an assessment payable by the owners over one or more fiscal years, or obtain a loan on terms as the board determines to be reasonable, when necessary to fund the cost of corrective maintenance of the primary load bearing system of the planned real estate development. Prior to adopting the assessment, the board is to be required to obtain a written report from a licensed engineer or architect explaining that the failure to undertake corrective maintenance of the primary load bearing system would produce certain results enumerated in the bill. The bill requires that the developer of a planned real estate development prepare a document setting forth a schedule for the preventative maintenance tasks to be undertaken by the association over the life of the common area components, including, but not limited to, periodic inspections of the structural components of the buildings or common areas that the association is obligated to maintain. This document is also to be made available to prospective purchasers or owners of units, parcels, or other interests of the planned real estate development. This preventative maintenance document is to also be updated pursuant to the specifications of any structural inspections or reports performed under the UCCA.

AI Summary

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Yvonne Lopez (D)*, 

Withdrawn Because Approved P.L.2023, c.214. (on 01/09/2024)

Official Document