MD SB1157 | 2024 | Regular Session
Note: Carry Foward to future SB63
Note: Carry Over of previous HB534
Note: Carry Over of previous HB534
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 11 2024 - 25% progression, died in committee
Action: 2024-03-27 - Rereferred to Judicial Proceedings
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2024 - 25% progression, died in committee
Action: 2024-03-27 - Rereferred to Judicial Proceedings
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring that certain funds for the reserve account of a cooperative housing corporation, a residential condominium, or a homeowners association be deposited on or before the last day of each fiscal year; extending from 3 to 5 years the duration to comply with a certain funding requirement related to reserve accounts; and requiring a residential condominium or a homeowners association to review the reserve study annually for accuracy.
Title
Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Funding of Reserve Accounts
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-27 | Senate | Rereferred to Judicial Proceedings |
| 2024-02-11 | Senate | First Reading Senate Rules |
Same As/Similar To
SB1157 (Carry Over) 2024-03-27 - Rereferred to Judicial Proceedings
HB281 (Crossfiled) 2024-03-20 - Hearing 3/26 at 1:00 p.m.
HB534 (Carry Over) 2023-03-16 - Hearing 3/23 at 1:00 p.m.
HB281 (Crossfiled) 2024-03-20 - Hearing 3/26 at 1:00 p.m.
HB534 (Carry Over) 2023-03-16 - Hearing 3/23 at 1:00 p.m.
Subjects
Budgets
Condominiums
Corporations and Associations
Homeowners Associations
Real Property
Revenue and Taxes
studies
Time
Condominiums
Corporations and Associations
Homeowners Associations
Real Property
Revenue and Taxes
studies
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Corporations and Associations | 5 | 6B-26.1 | (n/a) | See Bill Text |
| Real Property | 11 | 109.2 | (n/a) | See Bill Text |
| Real Property | 11 | 109.4 | (n/a) | See Bill Text |
| Real Property | 11B | 112.2 | (n/a) | See Bill Text |
| Real Property | 11B | 112.3 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB1157?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb1157f.pdf |
