SB433
AN ACT relating to property; authorizing the executive board of a unit-owners' association to make an assessment to fund certain repairs; requiring a structural inspection of certain buildings in a common-interest community; requiring an association to establish reserves for corrective repairs; requiring a study of reserves of an association to include an estimate of the costs of certain repairs; revising provisions governing the duty of the executive board to provide or make available to a unit's owner certain records; prohibiting certain persons within or associated with a common-interest community from committing certain acts; requiring a written report from a structural inspection of certain buildings in a common-interest community to be provided under certain circumstances; eliminating the authority of the Real Estate Division of the Department of Business and Industry to establish a program for rendering of certain disputes; authorizing the Commission for Common-Interest Communities and Condominium Hotels or a hearing panel to prohibit certain persons from serving on the executive board; revising certain provisions governing actions for constructional defects; providing penalties; and providing other matters properly relating thereto. Close title AN ACT relating to property; authorizing the executive board of a unit-owners' association to make an assessment to fund certain repairs; requiring a structural inspection of certain buildings in a common-interest community; requiring an association to establish reserves for corrective repairs; requiring a study of reserves of an association to include an estimate of the costs of certain repairs; revising provisions governing the duty of the executive board to provide or make available to a unit's owner certain records; prohibiting certain persons within or associated with a common-interest community from committing certain acts; requiring a written report from a structural inspection of certain buildings in a common-interest community to be provided under certain circumstances; eliminating the authority of the Real Estate Division of the Department of Business and Industry to establish a program for rendering of certain disputes; authorizing the Commission for Common-Interest Communities and Condominium Hotels or a hearing panel to prohibit certain persons from serving on the executive board; revising certain provisions governing actions for constructional defects; providing penalties; and providing other matters properly relating thereto.
Introduction Date
Monday, March 24, 2025
Primary Sponsor
Senate Committee on Judiciary
Public exhibits
0
Support 0 · Opp 0 · Neutral 0
Auditor findings
0
recusal 0 · QPQ 0
AN ACT relating to property; authorizing the executive board of a unit-owners' association to make an assessment to
Section 16 of this bill: (1) establishes certain requirements for the structural inspection of the primary load-bearing system of a residential building in a common-interest community that meets certain criteria relating to height and materials and techniques of construction, defined as a “covered building” in section 5 of this bill; and (2) imposes certain duties on a structural inspector who performs such a structural inspection. Section 16 also: (1) prohibits a certificate of occupancy to be issued for a covered building until a structural inspector confirms that the primary-load bearing system of the building conforms to approved construction plans; (2) authorizes the office of a city or county building official to recover any additional cost incurred as a result of such structural inspections; and (3) requires the governing body of certain cities and counties to adopt ordinances to carry out these provisions. Section 17 of this bill sets forth certain periods by which an owner of a covered building is required to retain a structural inspector to perform certain structural inspections of the building components of the primary load-bearing system of a covered building. Section 57 of this bill requires the owner of a covered building to retain a structural inspector to perform such a structural inspection of the building components of the primary load-bearing system of a covered building for which a certificate of occupancy was issued before the date on which certain provis
NELIS exhibits (0 on file)
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