MD HB1262 | 2024 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on February 8 2024 - 25% progression, died in committee
Action: 2024-02-09 - Hearing 3/05 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 8 2024 - 25% progression, died in committee
Action: 2024-02-09 - Hearing 3/05 at 1:00 p.m.
Pending: House Environment and Transportation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Exempting the governing bodies of common ownership communities that are not established in Prince George's County or Montgomery County and have six or fewer units or lots from reserve study requirements; and extending the deadline, from 3 to 5 fiscal years, following an initial reserve study that the governing body common ownership community has to attain a certain recommended annual reserve funding level.
Title
Common Ownership Communities - Reserve Studies - Alterations
Sponsors
| Del. Wayne Hartman [R] | Del. Christopher Adams [R] | Del. Regina Boyce [D] | Del. Michael Griffith [R] |
| Del. Charles Otto [R] | Del. April Rose [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-09 | House | Hearing 3/05 at 1:00 p.m. |
| 2024-02-08 | House | First Reading Environment and Transportation |
Subjects
Building Maintenance and Repair
Condominiums
Corporations and Associations
Counties
Homeowners Associations
Real Property
studies
Time
Condominiums
Corporations and Associations
Counties
Homeowners Associations
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 |
| 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/HB1262?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1262f.pdf |
