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AZ HB2460
Bill
Status
1/23/2013
Primary Sponsor
David Gowan
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AI Summary
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Adds section 33-1818 to Arizona Revised Statutes regulating master association dues for age-restricted planned communities.
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Requires that members of age-restricted planned communities only pay master association dues if mandated by community documents or master association documents.
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Limits master association dues to the lesser of: (a) the cost to provide services supporting the age-restricted community's use of common areas, or (b) no more than 20 percent of the master association's regular assessments and dues.
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Allows individual members of age-restricted planned communities the option to voluntarily make full payment to the master association at their discretion.
Legislative Description
Homeowners' associations; master association dues
Last Action
Referred to House GOV Committee
1/24/2013