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NV AB129
Bill
Status
4/12/2025
Primary Sponsor
Jill Dickman
Click for details
AI Summary
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Homeowners' associations must solicit at least three bids for projects expected to cost 3% or more of the annual budget (communities under 1,000 units) or 1% or more (communities with 1,000+ units)
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Associations are exempt from the bidding requirement if delays in starting the project could worsen property damage or create injury risks
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Contracts for association projects must be awarded to the lowest responsive bidder
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All bids must be opened and read aloud during an executive board meeting
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"Association project" includes maintenance, repair, replacement, or restoration of common elements, as well as professional services such as accounting, engineering, and legal services
Legislative Description
Revises provisions governing bidding procedures for a homeowners' association. (BDR 10-818)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
4/12/2025