Condominium Associations and Homeowners Associations – Adopted Annual Budget – Submission to Unit Owners and Lot Owners
Sponsor: Clarence K. Lam (District 12)Committee: Judicial ProceedingsSubject: Real PropertyStatus: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 559 (as of Nov 6, 2020)
What this bill does
Official synopsis
Requiring the council of unit owners or other governing body of a condominium association to submit the adopted annual budget to the unit owners not more than 30 days after the meeting at which the budget was adopted; authorizing the adopted annual budget to be submitted to each unit owner by electronic transmission, by posting on the condominium association's home page, or by inclusion in the homeowners association's newsletter; etc.
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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 (4)
MGA witness listFAV 3FavorableFWA 1Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Randol, Steven | MD-LAC Community Associations Institute | Written (PDF) |
| FAV | Senator Lam, Senator Lamlegislator | Individual | Position only |
| FAV | Senator Lam, Senator Lamlegislator | Individual | Position only |
| FWA | Straughn, Karen | Consumer Protection Division | Written (PDF) |