This bill amends provisions relating to homeowners' associations.
This bill:
- increases the monetary amount a unit or lot owner may request if an association fails to properly make records available for examination;
- prohibits a declarant from using association funds in a legal action brought by a homeowner against the declarant before the end of the period of administrative control;
- defines "development right";
- amends the conditions for the termination of a period of administrative control for an association of lot owners;
- provides requirements for a declarant of a association of lot owners during the period of administrative control; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 57-8-17
Substitute #1: 57-8-17
Substitute #2: 57-8-17, 57-8-58
Substitute #3: 57-8-17, 57-8-58
Substitute #4: 57-8-17, 57-8-58
Enrolled: 57-8-17, 57-8-58
Substitute #5: 57-8-17, 57-8-58