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HI HB650
Bill
Status
1/23/2017
Primary Sponsor
Angus McKelvey
Click for details
AI Summary
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Requires condominium associations to provide unit owners' requested documents, records, and information in hard copy format within 15 days of request (reduced from 30 days).
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Mandates that the association's most current financial statement and board meeting minutes be made available at the manager's office on the property and via email or mail at no cost.
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Requires associations to make all required documents available for download through an internet website at no cost to unit owners.
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Establishes that any violation of these disclosure requirements constitutes a breach of a board's fiduciary duty, though board members may avoid liability by taking affirmative action to ensure compliance by employees and managing agents.
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Caps reasonable document reproduction fees at $1 per page (or portion thereof) for standard-sized pages, with exceptions for larger formats.
Legislative Description
Relating To Real Property.
Condominiums
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on JUD with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Tokioka excused (2).
2/17/2017