MD HB1035 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 7 2024 - 25% progression, died in committee
Action: 2024-02-08 - Hearing 2/27 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2024 - 25% progression, died in committee
Action: 2024-02-08 - Hearing 2/27 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishing the Insufficient Condominium Reserve Account Grant Fund to provide grants to low-income condominium owners who live in condominiums with insufficient reserve accounts to enable a low-income unit owner to pay increased assessments necessary for a condominium association to meet reserve account funding requirements; requiring that the Fund prioritize low-income adults aged 65 years or older; and requiring by December 31 annually, low-income unit owners who received grants to make a certain report regarding the reserve account balance.
Title
Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-02-08 | House | Hearing 2/27 at 1:00 p.m. |
2024-02-07 | House | First Reading Environment and Transportation |
Subjects
Assessments
Awareness and Outreach
Condominiums
Elderly Persons
Forms
Grants
Homeowners Associations
Housing and Community Development
Housing and Community Development, Department of
Low-Income
Real Property
Reports
Revenue and Taxes
Awareness and Outreach
Condominiums
Elderly Persons
Forms
Grants
Homeowners Associations
Housing and Community Development
Housing and Community Development, Department of
Low-Income
Real Property
Reports
Revenue and Taxes
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Real Property | 11 | 144 | (n/a) | See Bill Text |
State Finance and Procurement | 6 | 226 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1035?ys=2024RS |
Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1035f.pdf |