Bill > H3912

This bill establishes a special commission to study condominium law, focusing on areas such as owner's rights, the responsibilities of condominium associations and management to owners, the need for independent audits of improvement and maintenance funds, and the potential for a state agency to oversee the development of regulations. The commission, composed of seven members appointed by the Speaker of the House, the Senate President, and the Governor, will include specific expertise such as an attorney specializing in condominium law representing unit owners, an individual unit owner not on a board, and a certified property manager. The commission is tasked with holding hearings, gathering testimony, and producing a report by January 1, 2011, with recommendations for future condominium regulations and statutes, and will also examine topics like board meetings, annual meetings, unit owner rights, fee determination, dispute resolution, and rules and regulations.