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CT HB06513
Bill
Status
6/7/2013
Primary Sponsor
Judiciary Committee
Click for details
AI Summary
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Creates two separate approval processes for budget and special assessment votes: a general process for most communities and a modified process for large communities (established before July 3, 1991, with more than 2,400 residential units)
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For general communities, budgets and special assessments are deemed approved if not rejected by a majority of all unit owners, regardless of quorum attendance at meetings or ballot votes
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For large communities, budgets and special assessments require rejection by a majority of unit owners AND a minimum participation threshold of at least 33.3% of entitled voters to reject the proposal
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Requires executive boards to provide budget summaries and special assessment summaries to all unit owners within 30 days of adoption, with voting to occur 10-60 days later
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Maintains the 15% threshold exemption allowing special assessments below 15% of the last adopted periodic budget to take effect without unit owner approval
Legislative Description
An Act Concerning The Budget And Special Assessment Approval Process In Common Interest Communities.
Last Action
Signed by the Governor
6/25/2013