NY S05089

Applies to not-for-profit residential condominium associations managing 3,500 or more units in New York State

Establishes right to transparency requiring associations to provide financial statements, consultant reports, inspector reports, and board meeting minutes upon request, with approved minutes posted within one day of approval

Requires boards to process unit owner applications and dispute resolution requests in a reasonably expeditious manner with written decisions explaining denials

Mandates board vacancies be filled within 60 days if occurring more than six months before annual meetings, election results posted within one business day, and board members must resign upon selling their unit

Requires boards to propose expense limits at least every five years subject to unit owner comment, with extraordinary expenses above those limits requiring unit owner approval except for emergencies or mortgage refinancing

Authorizes the Attorney General to enforce these provisions and requires publication of a handbook summarizing unit owner rights within six months of enactment