CS/CS/HB 1395 - Condominium and Cooperative Building Management and Safety

• Establishes mandatory structural inspection program for residential condominium and cooperative buildings with 3+ stories, requiring milestone inspections at 30 years of age and every 10 years thereafter, with initial inspections due by December 31, 2024 or 2025 depending on building age.

• Defines "milestone inspection" as structural assessment of load-bearing elements and primary structural systems performed by licensed architects or engineers to determine building safety, with two-phase inspection process where Phase 2 is required if substantial structural deterioration is found in Phase 1.

• Requires condominium and cooperative associations to arrange and fund milestone inspections, with authority for local enforcement agencies to extend deadlines and accept alternative inspection reports under certain circumstances.

• Mandates associations distribute inspection summaries to unit owners within 45 days of report receipt through mail, electronic transmission, and website posting, and requires licensed inspectors to submit progress reports to local enforcement agencies.

• Appropriates $1,301,928 in recurring funds and $67,193 in nonrecurring funds for fiscal year 2023-2024, along with 10 full-time positions, to implement the act through the Department of Business and Professional Regulation.