Requiring the governing body of certain cooperative housing corporations, condominiums, or homeowners associations to have a reserve study conducted of the common elements of the cooperative housing corporation, condominium, or homeowners association and to update the study every 5 years; imposing certain requirements relating to the annual budget of a cooperative housing corporation, condominium, or homeowners association; etc.

Statutes affected:
Text - First - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Reserve Studies - Statewide: 2-018 Real Property, 11-109 Real Property, 11-109.4 Real Property, 11-109.2 Real Property, 11-109.4 Real Property, 11-110 Real Property
Text - Third - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Reserve Studies - Statewide: 2-018 Real Property, 11-109 Real Property, 11-109.2 Real Property, 11-109.4 Real Property, 11-110 Real Property
Text - Enrolled - Cooperative Housing Corporations, Condominiums, and Homeowners Associations - Reserve Studies - Statewide: 2-018 Corporations and Associations, 11-109 Real Property, 11-109.2 Real Property, 11-109.4 Real Property, 11-110 Real Property