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MI HB5655
Bill
Status
Introduced
5/17/2016
Primary Sponsor
Peter Lucido
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AI Summary
- Requires condominium associations to hold annual budget meetings with notice sent to co-owners 15-30 days in advance, including a proposed budget
- Budget approval requires affirmative vote by majority of co-owners voting in person, with no proxy voting allowed
- If quorum is not achieved at the first meeting, a second meeting must be called; if quorum is still not achieved, the proposed budget is automatically approved
- If a proposed budget is rejected by co-owners, the board must prepare a revised budget and call a new meeting; if the revision is also rejected, no new budget is approved for that fiscal year and the current budget remains in effect
- Establishes administrator role to investigate disputes between co-owners and associations, seek resolution, and request prosecuting attorney or attorney general to bring legal action for violations of condominium documents or state law
- Repeals section 139 of the condominium act and takes effect 90 days after enactment
Legislative Description
Housing; condominium; co-owner approval of budgets; provide for, and require LARA to provide investigative, enforcement, and dispute resolution services in conflicts between a co-owner and an association. Amends sec. 107 of 1978 PA 59 (MCL 559.207); adds sec. 70 & repeals sec. 139 of 1978 PA 59 (MCL 559.239).
Housing: condominium
Last Action
Bill Electronically Reproduced 05/17/2016
5/18/2016
Committee Referrals
Local Government5/17/2016
Full Bill Text
No bill text available