Allows small condominium associations with a building or buildings of no more than two stories to waive the requirement for the reserve study to be reviewed by an independent reserve study preparer if a majority of unit owners at a meeting approve the waiver and certain other requirements are met, but prohibits associations from waiving this requirement for consecutive three-year periods. Effective 7/1/3000. (SD1)

Statutes affected:
HB1824: 514B-148
HB1824 HD1: 514B-148
HB1824 SD1: 514B-148