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Relating to Condominium Reserve Requirements.

It became law on Jul 5, 2023.

HI SB 855 · Senate Bill · 2023 Regular Session

Stage
Became law
Started in
Senate
Sponsors
4
Latest action
Jul 5, 2023

What it does

Authorizes a condominium association to provide a summary of the required information in its budget. Authorizes a condominium association's reserve study to forecast a loan or special assessment to fund life safety equipment or installations for any building located in a county with a population greater than five hundred thousand. Authorizes a condominium association to use a third party to conduct a reserves study on behalf of the condominium. Clarifies the information to be included in the description of how the estimated replacement reserves assessments are computed. (CD1)

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jul 5, 2023

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Hawaii.

Work with this bill

RELATING TO CONDOMINIUM RESERVE REQUIREMENTS. | 52