FL S0580

Requires association records be maintained for at least 7 years within 45 miles or the same county as the community, and allows members to use portable devices to make electronic copies at no charge.

Restricts association fees for copying records to 25 cents per page (reduced from 50 cents), and limits personnel cost charges to $20 per hour only when retrieval and copying exceeds 30 minutes, with no charges for requests of 25 or fewer pages.

Mandates that association directors certify in writing within 90 days of election that they have read governing documents and will uphold fiduciary duties, or complete an approved education program; directors failing to comply are suspended from the board.

Prohibits association officers, directors, and managers from accepting personal benefits from vendors; requires two-thirds board approval and member disclosure for contracts with interested parties; and mandates associations maintain insurance or fidelity bonds covering all funds in their custody.

Expands developer control transition triggers to include developer abandonment of amenities, bankruptcy filing, foreclosure, or appointment of a receiver; authorizes nondeveloper members to elect at least one board member when 25 percent of parcels are conveyed.