The bill CS/CS/HB 983 amends various sections of the Florida Statutes concerning homeowners' associations, with a primary focus on enhancing governance, election processes, and the recall of board directors. 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 borne by the homeowners' association. It also prohibits the suspension of voting rights during recall votes and modifies the procedures for initiating and executing recall agreements, ensuring that voting rights are preserved throughout the process.

Additionally, the bill streamlines the election process by removing certain requirements, such as the use of proxies and specific mailing methods for secret ballots. It clarifies that board members' terms expire at the annual meeting, allowing for reelection unless restricted by governing documents. The legislation also enhances transparency for prospective property purchasers by requiring a disclosure summary detailing obligations related to association membership and assessments before executing a sales contract. Furthermore, it establishes new regulations for recreational covenants, ensuring that prospective buyers receive comprehensive documentation about their obligations, including amenity dues, prior to closing. The act is 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