FL S1018

Increases the threshold for deferred maintenance and replacement cost items that must be included in condominium association reserve budgets from $10,000 to $100,000.

Allows multicondominium associations to include budget items with deferred maintenance or replacement costs exceeding $100,000 if approved by the board, rather than automatically requiring inclusion.

Applies to annual budgets that must include reserve accounts for capital expenditures and deferred maintenance, including roof replacement, building painting, and pavement resurfacing.

Takes effect July 1, 2015.