Requires budget summaries to contain all required information without referring the reader to other portions of the budget. States that the defense of good faith compliance is unavailable to any association whose board adopts a budget that omits the required budget summary. Clarifies the ability to enforce compliance with budget summary and replacement reserves requirements and provides that an association has the burden of proving compliance. Effective 7/1/3000. (HD1)

Statutes affected:
HB70: 514B-148
HB70 HD1: 514B-148
Latest: 514B-148