Clarifies that sixty-seven per cent of unit owners may amend a condominium declaration at any time by vote or written consent, unless the declaration specifies a higher percentage. Requires developers to include annual reserve contributions based on a reserve study. Clarifies time and date requirements for petitions to amend bylaws and call for special meetings; electronic, machine, and mail voting; time frame for approval of minutes; and board meeting participation. Expands when electronic, machine, and mail voting is authorized. Requires a condominium association's reserve study to be reviewed by an independent reserve study preparer and reviewed or updated at least every three years. Specifies that cash flow plans be based on thirty-year projections. Effective 1/1/2023. (CD1)

Statutes affected:
HB2272: 514B-32, 514B-83, 514B-108, 514B-121, 514B-122, 514B-123, 514B-125, 514B-148
HB2272 CD1: 514B-32, 514B-83, 514B-108, 514B-121, 514B-122, 514B-123, 514B-125, 514B-148
HB2272 HD1: 514B-32, 514B-83, 514B-108, 514B-121, 514B-122, 514B-123, 514B-125, 514B-148
HB2272 SD1: 514B-32, 514B-83, 514B-108, 514B-121, 514B-122, 514B-123, 514B-125, 514B-148