NJ A5174

Amends P.L.2023, c.214 to require that 30-year capital reserve funding plans for planned real estate development associations allow the reserve fund to reach a minimum balance of zero dollars during the projection period, while permitting additional optional plans with higher minimums

Defines "adequate" reserve funding as money sufficient to prevent the association's reserve fund balance from falling below zero dollars over the 30-year funding plan period

Extends the deadline for associations to correct inadequate reserve funds from 10 fiscal years to 30 fiscal years when addressing shortfalls that would require more than a 10% increase in annual common expense assessments

Shifts responsibility for ensuring capital reserve studies are reviewed by licensed architects, engineers, or credentialed reserve specialists from "covered building owners" to "associations of planned real estate developments"

Requires reserve studies to include at least one funding plan that reaches zero dollars as the minimum balance, though additional plans with escalating contributions or higher minimums may also be included