RI S2899

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

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

Expands association record access requirements to include minutes, insurance policies, bank statements, contracts, reserve studies, audit results, and vendor invoices, with records to be provided 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, with costs treated as a common expense

Mandates a full audit if the financial review identifies any inconsistencies, with results to be provided to the executive board and made available to unit owners upon request