HI HB236

Requires board of directors to notify members in writing of regular assessment increases at least 30 days in advance.

Prohibits regular assessments exceeding 20% above the inflation-adjusted average of prior five-year assessments plus prior year's inflation rate without majority member approval, except in emergency situations or for assessments under $100 per month.

Prohibits special assessments for capital expenditures or major maintenance exceeding 5% of budgeted gross expenses without majority member approval, except in emergency situations.

Requires board to adopt a resolution with written findings explaining the necessity and unforeseeability of any emergency expenses before imposing emergency assessments.

Defines emergency situations as court-ordered expenses, unforeseen safety repairs, unforeseen property repairs, unforeseen legal proceedings, necessary insurance costs, or expenses required by law.