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 study of reserves required for future major repairs and replacements conducted by a certain date and at certain 5-year intervals; 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; 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.
Testimony (8)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Straughn, Karen | Consumer Protection Division | Oral + Written (PDF) |
| FAV | Delegate Holmes, Delegate Holmeslegislator | Individual | Position only |
| UNF | Sroka, John | Armistead Homes Corp. | Written (PDF) |
| UNF | sroka, john | Armistead Homes Corporation | Position only |
| UNF | Randol, Steven | Community Association Institute | Written (PDF) |
| UNF | Randol, Steven | Community Associations Institute | Position only |
| FWA | Enten, Bob | Maryland Building Industry Association | Oral + Written (PDF) |
| INFO | O'Connell, Bill | MSBA Real Property Section | Written (PDF) |