The resolution SR 2906 proposes the creation of a special legislative commission in Rhode Island to study the state's condominium laws and recommend improvements aimed at enhancing transparency, accountability, and affordability for condominium owners. The commission will consist of sixteen members, including legislators, representatives from housing and property management organizations, and experts in condominium law and finance.

The commission's objectives include identifying challenges within current condominium governance, examining best practices from other states, and exploring resources to address affordability issues. It is tasked with conducting a comprehensive study that will address various aspects of condominium management, including the complexities of existing laws, the impact of rising costs on affordability, and the need for better understanding among unit owners regarding their rights and responsibilities.

The commission is required to report its findings and recommendations to the General Assembly by December 31, 2027, and will dissolve on March 15, 2028. All state departments and agencies are expected to assist the commission in its efforts.