Relating to approval by vote of owners for actions of homeowners association in planned community.
Catchline/Summary:
Requires approval of 50 percent of owners to establish or increase amount of assessment imposed on owners by planned community for common expenses. Requires approval of 50 percent of owners to establish or increase amount of assessment imposed on owners by planned community for common expenses.
Reduces percentage of owners, from 80 percent to 50 percent, required to approve transfer by homeowners association of ownership or security interest in common property of planned community.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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SB 169 Senate Committee On Business and Transportation
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