RI H7854

Requires executive board meetings to be open to unit owners, with exceptions for executive sessions involving legal communications, personnel matters, or specific owner delinquencies; owners must be given opportunity to comment on agenda items before votes

Mandates at least 5 days notice for regular board meetings and 24 hours for special meetings, including date, time, agenda, and access instructions; meeting minutes must be made available to owners within 30 days of approval

Expands association records access to include minutes, insurance policies, bank statements, contracts, reserve studies, audit results, and vendor invoices, with records available within 30 days of request

Requires condominium associations with more than 20 units to obtain an independent financial review by a licensed CPA at least once every 5 fiscal years; if inconsistencies are found, a full audit must be conducted

Annual meetings must include presentation of budget, reserves status, insurance coverage updates, and notice of significant contracts, with materials provided at least 10 days in advance