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]

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.

Tracking Information

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Title

Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment

Sponsors


History

DateChamberAction
2024-02-08HouseHearing 2/27 at 1:00 p.m.
2024-02-07HouseFirst Reading Environment and Transportation

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Real Property11144(n/a)See Bill Text
State Finance and Procurement6226(n/a)See Bill Text

Maryland State Sources


Bill Comments

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