Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts
Sponsor: Mary Beth Carozza (District 38)Committee: Judicial ProceedingsSubject: Real PropertyStatus: Rereferred to Judicial Proceedings (as of Nov 13, 2024)
What this bill does
Official synopsis
Requiring that certain funds for the reserve account of a cooperative housing corporation, a residential condominium, or a homeowners association be deposited on or before the last day of each fiscal year; extending from 3 to 5 years the duration to comply with a certain funding requirement related to reserve accounts; and requiring a residential condominium or a homeowners association to review the reserve study annually for accuracy.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
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 (0)
MGA witness listNo witness list on file because no hearing has been scheduled.