HB 2272 Summary

• Declaration amendments require 67% of unit owners' vote or written consent, unless the declaration specifies a higher percentage threshold

• Developers must include annual reserve contributions based on a reserve study in public reports, and reserve studies must be reviewed by independent preparers and updated every three years

• Petitions to amend bylaws or call special meetings must be signed and dated within 120 days of the earliest signature to remain valid

• Electronic, machine, and mail voting is authorized by board discretion during emergencies, for notices given during emergencies, within 60 days of notice, or with advance approval by unit owner consent or board vote

• Cash flow plan projections extended from 20 years to 30 years; proxy deadline specified as 4:30 p.m. Hawaii-Aleutian Standard Time; effective January 1, 2023