Bill Text: NH SB214 | 2022 | Regular Session | Introduced
Bill Title: Relative to conflicts of interest and contract powers of condominium unit owners' associations.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2022-02-24 - Inexpedient to Legislate, Motion Adopted, Voice Vote === BILL KILLED ===; 02/24/2022; Senate Journal 4 [SB214 Detail]
Download: New_Hampshire-2022-SB214-Introduced.html
SB 214 - AS INTRODUCED
2022 SESSION
22-2993
08/10
SENATE BILL 214
AN ACT relative to conflicts of interest and contract powers of condominium unit owners' associations.
SPONSORS: Sen. Sherman, Dist 24; Sen. Watters, Dist 4; Sen. Carson, Dist 14; Rep. Vann, Hills. 24
COMMITTEE: Commerce
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ANALYSIS
This bill requires a condominium unit owner who contracts for the provision of goods or services with the condominium recuse himself or herself from any participation in or vote on the awarding of the contract. Any such relationship shall be disclosed by the unit owners' association.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
22-2993
08/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
AN ACT relative to conflicts of interest and contract powers of condominium unit owners' associations.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Condominiums; Powers of Unit Owners' Association. Amend RSA 356-B:42 by inserting after paragraph III the following new paragraph:
IV. If any unit owner or the unit owner's relative or business where a unit owner or the unit owner's relative is the owner or director of a business or has a pecuniary interest in a business, bids or contracts for the provision of goods or services to be provided with their unit owners' association, the unit owner shall recuse himself or herself from any participation in or vote on the awarding of the contract. The unit owners' association shall disclose to its unit owners the relationship of any unit owner or business where a unit owner is the owner or director of a business or has a pecuniary interest in a business with the contract for the provision of goods or services by mail to all unit owners as well as posting at all entrances and exits of all buildings controlled by the association. This paragraph shall not apply to a unit owners' association in which owners own time sharing interests.
2 Effective Date. This act shall take effect 60 days after its passage.
