HOUSE BILL 657
Homeowner’s associations
HOMEOWNER’S ASSOCIATIONS – Adds to existing law to provide for certain powers and duties and to provide restrictions on board membership and proxy votes.
RS31515 / H0657
This legislation gives homeowners in a development where they reside representation on a homeowner’s association (HOA) board after 75% of the development is built and occupied. It also outlines the complete transfer of all HOA powers and activities to the homeowners after 95% of the development is built and occupied. This transfer to homeowners shall be completed within 180 days. It addresses proxy votes, penalty clause and a 15-business day response for all inquiries made by a homeowner.
This legislation causes no additional expenditure of funds at the state or local level of government, nor does it cause an increase or decrease in revenue for state or local government, therefore the legislation has no fiscal impact.
| Date | Description |
|---|---|
| 02/26 | Introduced, read first time, referred to JRA for Printing |
| 02/26 | Reported Printed and Referred to Business |