Cooperative Housing Corporations and Condominiums - Emergency Use of Reserve Funds
Sponsor: J.B. Jennings (District 7)Committee: Judicial ProceedingsSubject: Real PropertyStatus: Hearing 2/18 at 1:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Providing that reserve funds of a cooperative housing corporation or condominium may be used for purposes other than those specified in the funding plan in an emergency and if the use of funds is approved by an affirmative vote of the members or unit owners having at least two-thirds of the votes in the cooperative housing corporation or the council of unit owners, respectively.
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Testimony (12)
MGA witness listFAV 7FavorableFWA 2Favorable with amendmentsUNF 3Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | DeMinco, Lynne | BCRW | Position only |
| FAV | Straughn, Karen | Consumer Protection Division of the Office of the Attorney General | Written (PDF) |
| FAV | Pohlhaus, Jeannie | Cross Keys | Oral |
| FAV | Ullmann, Rachel | Jennings Office | Position only |
| FAV | Hyatt, Jeanne | NA | Oral |
| FAV | Kiefaber, David | Individual | Written (PDF) |
| FAV | Senator Jennings, Senator Jenningslegislator | Individual | Oral + Written (PDF) |
| UNF | Lieberman, Jim | Leisure World | Written (PDF) |
| UNF | Manougian, Robin | Maryland CAI Legislative Action Committee | Oral |
| UNF | Silverman, Scott | Nagle & Zaller, PC | Oral + Written (PDF) |
| FWA | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| FWA | Allen, Thomas | Individual | Written (PDF) |