summary
Introduced
02/06/2026
02/06/2026
In Committee
02/13/2026
02/13/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Common Interest Community Association Act and the Condominium Property Act. Requires the board of directors to provide a website that unit owners can access on the Internet that includes information about board and association meetings, agendas, and minutes of the last meeting. Requires that the board must transmit quarterly to the members electronically via email a statement of the association's financial data, to include, but not be limited to, receipts, expenses, invoices, contracts, and obligations. Requires any fee increase of any kind that is more than 10% must be approved by 75% of the unit owners notwithstanding any other provision in this Act or in the association's instruments.
AI Summary
This bill amends existing laws governing common interest community associations and condominiums to enhance transparency and require owner approval for significant fee increases. Specifically, it mandates that association boards must create and maintain a website accessible to unit owners, which will feature information about board and association meetings, including agendas and minutes from the most recent meeting. Furthermore, boards are now required to send unit owners a quarterly electronic statement via email detailing the association's financial data, encompassing receipts, expenses, invoices, contracts, and obligations. Crucially, any fee increase exceeding 10% will require approval from 75% of the unit owners, overriding any conflicting provisions in the association's governing documents.
Sponsors (1)
Last Action
Referred to Rules Committee (on 02/13/2026)
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