The General Assembly Raised Bill No. 7068, effective October 1, 2025, allows any unit owner of a common interest community to petition the Superior Court for an order requiring their association to hire an independent third party to conduct an accounting of the association's financial records. This provision overrides any conflicting declarations or bylaws. To file such a petition, the unit owner must meet specific conditions: they must certify in writing that there are grounds for a good faith belief in the need for an accounting, obtain a signed opinion from a certified public accountant specializing in fraud that indicates evidence of financial fraud or misuse of funds, and hold at least ten percent of the proxies from other unit owners to authorize the petition.

The bill introduces new legal language that establishes these procedures and requirements for unit owners seeking financial accountability from their associations. It aims to enhance transparency and protect the interests of unit owners by providing a legal avenue to address potential financial misconduct within common interest communities. The bill does not propose any deletions from existing law but rather adds a new section to the statutes.