SB 253: CONDOMINIUMS; BUDGET SUMMARIES; CONDOMINIUM ASSOCIATIONS; BOARDS OF DIRECTORS; COMPLIANCE; STANDING; GOOD FAITH DEFENSE; BURDEN OF PROOF

Session Year: 2025-2026
House: Senate
Latest Version Date: 2025-03-17

Current Status:

In Progress

(2026-04-21: Received notice of appointment of House conferees (Hse. Com. No. 800).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Requires a detailed budget summary to contain all required information without referring the reader to other portions of the budget or reserve study. Excludes the good faith defense for associations whose boards adopt a budget that omits the required detailed budget summary. Clarifies a unit owner's standing and the association's burden of proving substantial compliance. Effective 7/1/3000. (HD1)

Discussed in Hearing