MD SB787 | 2025 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 3 2025 - 25% progression, died in committee
Action: 2025-02-04 - Hearing 2/25 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2025 - 25% progression, died in committee
Action: 2025-02-04 - Hearing 2/25 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishing that a reserve study conducted for a cooperative housing corporation or condominium must identify only certain components with a repair or replacement cost that exceeds $10,000; establishing an exception to the requirement to conduct a reserve study for certain cooperative housing corporations and condominiums; altering the timing for an updated reserve study from at least 5 to at least 10 years under certain circumstances; etc.
Title
Cooperative Housing Corporations and Condominiums - Funding of Reserve Accounts and Timing of Reserve Studies
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-04 | Senate | Hearing 2/25 at 1:00 p.m. |
| 2025-02-03 | Senate | First Reading Judicial Proceedings |
Subjects
Building Maintenance and Repair
Committees and Commissions
Condominiums
Corporations and Associations
Electricians
Home Improvement
Licenses
Plumbing
Prices
Real Property
studies
Time
Committees and Commissions
Condominiums
Corporations and Associations
Electricians
Home Improvement
Licenses
Plumbing
Prices
Real Property
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 |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0787?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/sb/sb0787f.pdf |
