Bill Summary

by Bracy Co Sponsors: Cortes CS Sponsors: Business & Professions Subcommittee, Regulatory Affairs Committee

Community Associations: Revises records required to be maintained by condominium and homeowners' association; provides requirements relating to posting of specified documents on condominium and homeowners' association's websites; provides that physical copies of certain official records of association are open to inspection by certain persons; requires an outgoing homeowners' association board or committee member to relinquish administrative rights or controls of an association's website or other digital or electronic asset of association; deletes provision authorizing condominium, homeowners', and cooperative associations to prepare report of cash receipts & expenditures in lieu of certain financial statements; provides remedy for condominium, homeowners', and cooperative associations failing to provide unitowner with copy of financial report; authorizes waiving of financial reporting requirements for more than 3 consecutive years; provides responsibilities of Division of Florida Condominiums, Timeshares, & Mobile Homes. Effective Date: July 1, 2016

   H Business & Professions Subcommittee
   H Government Operations Appropriations Subcommittee
   H Regulatory Affairs Committee