This bill amends the Revised Code of Washington (RCW) to enhance regulations concerning common interest communities, particularly focusing on the installation and use of electric vehicle charging stations and heat pumps. It prohibits unit owners' associations from imposing unreasonable restrictions on these installations while allowing for reasonable regulations. The bill outlines a clear process for obtaining approval, including requirements for written applications and processing timelines, and it holds unit owners responsible for costs, maintenance, and compliance with local regulations. Importantly, it deletes previous language regarding responsibilities for these installations and inserts new provisions that clarify the obligations and rights of both unit owners and associations. Additionally, associations are prohibited from charging installation fees but may impose reasonable application processing fees.

Furthermore, the bill modifies existing laws related to reserve studies and financial statements for associations, establishing that the relevant chapter will apply only to common interest communities created after July 1, 2018, or those that choose to opt in. It mandates that associations prepare and update reserve studies unless exempted and requires annual financial statements, with audits for those with higher annual assessments. The threshold for financial audits is raised from $50,000 to $100,000, with provisions for adjusting this amount based on the consumer price index. Overall, the bill aims to streamline regulations while ensuring financial accountability and transparency within common interest communities.

Statutes affected:
Original bill: 64.90.015, 64.90.513, 64.90.580, 64.90.360, 64.90.545
Substitute bill: 64.90.015, 64.90.513, 64.90.580, 64.90.360, 64.90.545, 64.90.530, 64.90.535
Bill as passed Legislature: 64.90.015, 64.90.513, 64.90.580, 64.90.360, 64.90.545, 64.90.530, 64.90.535
Session law: 64.90.015, 64.90.513, 64.90.580, 64.90.360, 64.90.545, 64.90.530, 64.90.535