HI HB236

Requires planned community association boards to provide written notice of regular assessment increases at least 30 days prior to implementation.

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

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

Defines emergency situations as court-ordered expenses, safety threats, unforeseen property repairs, unforeseen legal proceedings, necessary insurance acquisition, or compliance with federal, state, or county law; requires board to adopt and distribute a resolution with written findings justifying emergency assessments.

Effective July 1, 2099.