HI SB253

Requires detailed budget summaries for condominium associations to contain all required information without referring readers to other portions of the budget or reserve study

Eliminates the good faith defense for associations whose boards adopt a budget that omits the required detailed budget summary

Clarifies that unit owners have standing to bring enforcement actions against boards that fail to substantially comply with budget and reserve requirements

Shifts burden of proof to the association board to demonstrate substantial compliance with budget and reserve disclosure requirements in enforcement proceedings

Effective July 1, 3000