The bill CS/CS/HB 983 amends various sections of Florida Statutes concerning homeowners' associations, focusing on governance, election processes, and the management of recreational covenants. It introduces a new definition for "financial statements," requiring them to be prepared according to generally accepted accounting principles. The bill mandates the appointment of an election monitor by the Office of the Condominium Ombudsman to oversee director elections, with costs covered by the association. It prohibits the suspension of voting rights during recall votes and modifies the procedures for initiating recall agreements, including allowing for electronic transmission of notices and requiring elections to be decided by a plurality of votes without quorum requirements.

Additionally, the bill establishes new requirements for financial reporting by private amenities owners and clarifies that recreational covenants are not considered governing documents of the association. It outlines specific requirements for candidate eligibility, mandates timely notices regarding elections, and updates disclosure requirements for prospective property purchasers. The bill also introduces binding arbitration for election disputes and specifies that associations acquiring title through foreclosure are not liable for unpaid assessments prior to their acquisition. Overall, the legislation aims to enhance transparency, accountability, and the rights of homeowners within associations in Florida, with certain provisions set to take effect on July 1, 2025.

Statutes affected:
H 983 Filed: 720.3086, 720.401
H 983 c1: 720.3086, 720.401, 336.125, 617.0725, 718.116, 720.3085
H 983 c2: 720.3086, 720.401, 336.125, 558.002, 617.0725, 718.116, 720.3085