Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Reserve Studies
What this bill does
Requiring the governing body of certain cooperative housing corporations, condominiums, and homeowners associations to have a reserve study conducted by a certain date and at 5-year intervals under certain circumstances; requiring a certain reserve study to meet certain criteria; establishing that the governing body of a cooperative housing corporation or a homeowners association and the board of directors of a condominium have authority to increase a certain assessment notwithstanding certain provisions; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.