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FL S0426
Bill
Status
3/8/2024
Primary Sponsor
Regulated Industries
Click for details
AI Summary
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Creates the Condominium and Homeowners' Association Economic Crime, Fraud, and Corruption Investigation Pilot Program within the Attorney General's office, headquartered in Miami-Dade County, with authority to issue subpoenas, conduct audits, and refer cases for criminal prosecution; the program is set to repeal on October 2, 2029, unless reenacted by the Legislature
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Requires the Division of Florida Condominiums, Timeshares, and Mobile Homes to establish a searchable cloud-based database by July 1, 2026, containing each condominium association's officer contact information, governing documents, annual budgets, structural integrity reserve studies, and management details
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Renames the Office of the Condominium Ombudsman to the Office of the Condominium and Homeowners' Ombudsman, expanding its jurisdiction to cover homeowners' associations under Chapter 720 and granting it new powers to void elections, petition courts for receiver appointments, and issue subpoenas
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Requires the division to monitor condominium associations' compliance with insurance and fidelity bonding requirements for persons who control or disburse association funds, with authority to issue fines and penalties for noncompliance
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Exempts the Division of Florida Condominiums, Timeshares, and Mobile Homes Trust Fund from contributing to the General Revenue Fund, directing those funds instead to support the pilot program and database administration
Legislative Description
Community Associations
Last Action
Died in Appropriations Committee on Agriculture, Environment, and General Government
3/8/2024