The bill CS/CS/HB 913 amends various sections of Florida law concerning condominium and cooperative associations, with a strong emphasis on enhancing transparency, accountability, and operational standards. Key provisions include the requirement for community association managers to maintain an online account with the Department of Business and Professional Regulation, prohibiting individuals with revoked licenses from holding positions in management firms for ten years, and mandating that associations disclose specific financial reports and documents to unit owners. The bill also introduces stricter regulations for milestone inspections of buildings, requiring inspections every ten years for structures three stories or higher, and establishes protocols for electronic voting and meetings to facilitate participation.
Additionally, the bill outlines new requirements for financial management, including the necessity for structural integrity reserve studies and guidelines for reserve funding. It mandates that associations maintain comprehensive records and provides unit owners with the right to inspect these records without needing to justify their requests. The legislation also includes provisions for penalties against board members or managers who fail to comply with these regulations, thereby reinforcing the importance of adherence to legal and operational standards within condominium and cooperative associations. Overall, the bill aims to improve governance and protect the interests of unit owners while ensuring compliance with safety and operational standards.
Statutes affected: H 913 Filed: 627.351, 718.116, 718.203, 718.301, 718.407
H 913 c1: 627.351, 718.116, 718.203, 718.301, 718.407
H 913 c2: 718.103, 718.116, 718.203, 718.301, 718.407, 914.21
H 913 e1: 468.4335, 718.1265, 718.203, 718.301, 718.302, 718.407, 719.128, 719.501, 914.21
H 913 er: 468.4335, 718.1265, 718.203, 718.301, 718.302, 718.407, 719.128, 719.501, 914.21