SB0576

Cooperative Housing Corporations and Condominiums - Emergency Use of Reserve Funds

Providing that reserve funds of a cooperative housing corporation or condominium may be used for purposes other than those specified in the funding plan in an emergency and if the use of funds is approved by an affirmative vote of the members or unit owners having at least two-thirds of the votes in the cooperative housing corporation or the council of unit owners, respectively.

Basic Information

Status
Chaptered
Session
2026 Regular Session
Type
Unknown
Cross-filed
HB1615

Links

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Upcoming Events

Hearing
February 18, 2026 at 13:00
📍 Judicial Proceedings
Hearing - Judicial Proceedings Committee

Sponsors

Jennings