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HB 1262

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Common Ownership Communities - Reserve Studies - Alterations

Sponsor: Wayne A. Hartman (District 38C)Committee: Environment and TransportationSubject: Real PropertyStatus: Hearing 3/05 at 1:00 p.m. (as of Nov 13, 2024)

What this bill does

Official synopsis

Exempting the governing bodies of common ownership communities that are not established in Prince George's County or Montgomery County and have six or fewer units or lots from reserve study requirements; and extending the deadline, from 3 to 5 fiscal years, following an initial reserve study that the governing body common ownership community has to attain a certain recommended annual reserve funding level.

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Testimony (5)

MGA witness list
FAV 3FavorableFWA 1Favorable with amendmentsUNF 1Unfavorable
PositionWitnessOrganizationTestimony
FAVRASMUSSEN, DENNISlobbyistThe Rasmussen Group LLCWritten (PDF)
FAVBereano, BrucelobbyistIndividualOral
FAVDelegate Hartman, Delegate HartmanlegislatorIndividualOral
UNFWiggins, GrasonlobbyistCAI MD-LACWritten (PDF)
FWAMay, LisalobbyistMaryland REALTORSOral + Written (PDF)

Organizations on record

Registered lobbyists who testified

FAVRASMUSSEN, DENNISThe Rasmussen Group LLCRegistered for: Baltimore Children's Museum, Inc. dba Port Discovery Children's Museum; Chesapeake Renewable Energy, LLC; Chesapeake Ventures Development, LLC; Greater Ocean City Maryland Chamber of Commerce, Inc.; HarborRock Holdings, LLC; Maryland Mortgage Bankers & Brokers Association (MMBBA)
FAVBereano, BruceRegistered for: 5400 Holiday Drive LLC; Anne Arundel County Fair; Aurora Technical Systems; BWI Airport Fire Rescue Local 1742; BWI Airport Professional Firefighters; BWI Taxi Management, Inc.
UNFWiggins, GrasonCAI MD-LACRegistered for: Maryland Chamber of Commerce; United Way of Central Maryland, Inc.; Madison Marquette Property Investments LLC; Maryland Automobile Insurance Fund; Family Tree, The; OVG Facilities
FWAMay, LisaMaryland REALTORSRegistered for: Maryland REALTORS; Maryland Association of Realtors