The proposed Bill No. 6350 aims to enhance transparency for unit owners in common interest community associations by amending section 47-260 of the general statutes. The bill mandates that all common interest community associations must make their records accessible to unit owners via a free Internet web portal. This includes essential documents such as declarations, association documents, bylaws, adopted rules, budgets, contracts with third parties, receipts from expenses over the past twelve months, a list of board members with contact information, and minutes from board and association meetings from the previous year.
Additionally, the bill includes a provision that allows a common interest community association to be exempt from this requirement for a period of five years, provided there is a unanimous vote by all existing unit owners in favor of the exemption. The intent of this legislation is to ensure that unit owners have easy access to important information regarding their community associations, thereby promoting greater accountability and transparency.