summary
Introduced
01/22/2018
01/22/2018
In Committee
01/29/2018
01/29/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the reserve funds of condominiums. Housing.
AI Summary
This bill amends the Massachusetts General Laws to define the term "adequate replacement reserve fund" for condominium associations. It requires condominium associations to conduct periodic reserve fund studies by a certified engineering firm and develop appropriate funding plans to meet the needs outlined in such studies. This aims to ensure that condominium associations have sufficient reserve funds to cover the cost of maintaining and repairing common areas and shared infrastructure.
Committee Categories
Housing and Urban Affairs
Sponsors (13)
Brian Ashe (D),
William Crocker (R),
David DeCoste (R),
Jamie Eldridge (D),
Carmine Gentile (D),
Carlos González (D),
Steven Howitt (R),
John Keenan (D),
Matt Muratore (R),
Shaunna O'Connell (R),
Alan Silvia (D),
Chris Walsh (D),
Timothy Whelan (R),
Last Action
Accompanied a study order, see H4294 (on 03/09/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H4167 |
| Bill | https://malegislature.gov/Bills/190/H4167.pdf |
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