Bill > HB1660

This bill amends the Horizontal Property Act to provide new definitions and oversight for property owners associations (POAs). Specifically, the bill defines a "local government" to include various state and local entities, and establishes a comprehensive definition for a "property owners association" as a nonprofit organization with at least 1,000 members where lot owners are automatically members and required to pay a proportionate share of expenses. The bill clarifies what constitutes "services traditionally performed by a local government," which include road maintenance, sewer services, trash services, and water services. Additionally, the bill introduces a provision allowing Arkansas Legislative Audit to review POAs that provide government-like services, but only after approval from the Legislative Joint Auditing Committee. The legislation also requires that financial records of POAs be made available for examination by co-owners during convenient working hours, enhancing transparency in the management of these associations. This bill aims to provide more structured oversight and accountability for large property owners associations that perform municipal-like functions.

Government Affairs

https://arkleg.state.ar.us/Bills/Detail?id=hb1660&ddBienniumSession=2025%2F2025R