CONDO CI ASSN-DISCLSOURE INFO

Summary

The bill amends the Common Interest Community Association Act to force condominium and homeowners association boards to maintain a public website with meeting agendas, minutes and other documents, and to email owners a detailed financial statement each quarter. It also limits any increase in association fees above 10% to a vote that must be approved by at least 75% of unit owners. The changes aim to increase transparency and give owners more control over costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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