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CT SB00796

Bill

Official Source

Status

Introduced

1/25/2011

Primary Sponsor

Robert Duff

Click for details

Origin

Senate

2011 General Assembly

AI Summary

  • Requires boards of directors of condominium associations to submit separate monthly financial reports for each entity that is part of or associated with the association
  • Prohibits commingling of funds between entities that are part of a condominium association
  • Imposes additional limitations on condominium associations' use of reserve funds and assessment funds
  • Mandates that associations make monthly reports and related bank statements available to unit owners either electronically or by mail
  • Applies to common interest community associations and associations for condominiums created prior to 1984

Legislative Description

An Act Concerning Financial Reporting By Condominium Associations.

Last Action

Referred to Joint Committee on Judiciary

1/25/2011

Committee Referrals

Judiciary1/25/2011

Full Bill Text

No bill text available