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HB 1201

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Condominiums and Homeowners Associations - Reserve Studies - Exemptions

Sponsor: William J. Wivell (District 2A)Committee: Economic MattersSubject: Real PropertyStatus: Hearing 3/13 at 1:00 p.m. (as of Sep 4, 2026)

What this bill does

Official synopsis

Exempting condominiums for which the council of unit owners votes to fund repairs to the common elements through a special assessment by an affirmative vote of 80% of certain unit owners and certain homeowners associations from provisions of law pertaining to reserve studies.

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Testimony (2)

MGA witness list
FAV 2Favorable
PositionWitnessOrganizationTestimony
FAVDelegate Wivell, Delegate WivelllegislatorIndividualOral
FAVTibbals, TrudyIndividualPosition only