HB160 (2019) Detail

Relative to the adoption of budgets and special assessments by condominium associations.


HB 160 - AS INTRODUCED

 

 

2019 SESSION

19-0104

10/06

 

HOUSE BILL 160

 

AN ACT relative to the adoption of budgets and special assessments by condominium associations.

 

SPONSORS: Rep. Webb, Rock. 6

 

COMMITTEE: Commerce and Consumer Affairs

 

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ANALYSIS

 

This bill modifies the requirements for the number of unit owners of a condominium association to be present for a vote to reject the budget or their proxies.

 

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

19-0104

10/06

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Nineteen

 

AN ACT relative to the adoption of budgets and special assessments by condominium associations.

 

Be it Enacted by the Senate and House of Representatives in General Court convened:

 

1  Condominium Act; Adoption of Budgets and Special Assessments.  Amend RSA 356-B:40-c, I to read as follows:

I.  The board of directors, at least annually, shall adopt a proposed budget for the unit owners' association for consideration by the unit owners.  Not later than 30 days after adoption of a proposed budget, the board of directors shall provide to all the unit owners a summary of the budget, including any reserves, and a statement of the basis on which any reserves are calculated and funded.  Simultaneously, the board shall set a date not less than 10 days or more than 60 days after providing the summary for a meeting of the unit owners to consider ratification of the budget.  Unless at that meeting [2/3] with at least 1/2 of all unit owners present for the meeting or by proxy, or any larger number specified in the declaration or bylaws, the unit owners or their proxies reject the budget by a majority vote, the budget is ratified[, whether or not a quorum is present].  If a proposed budget is rejected, the budget last ratified by the unit owners continues until the unit owners ratify a subsequent budget.

2  Effective Date.  This act shall take effect 60 days after its passage.

Links

HB160 at GenCourtMobile
HB160 Discussion

Action Dates

Date Body Type
Jan. 16, 2019 House Hearing
Jan. 22, 2019 House Exec Session
Feb. 6, 2019 House Exec Session
Feb. 13, 2019 House Exec Session
House Floor Vote
March 7, 2019 House Floor Vote
March 14, 2019 House Floor Vote

Bill Text Revisions

HB160 Revision: 4362 Date: Dec. 27, 2018, 9:17 a.m.

Docket


March 14, 2019: Inexpedient to Legislate: MA DV 295-50 03/14/2019 HJ 9 P. 10


: Special Order to 03/14/2019 Without Objection HJ 8 P. 60


March 7, 2019: Removed from Consent (Rep. Prudhomme-O'Brien) 03/07/2019 HJ 8 P. 3


: Committee Report: Inexpedient to Legislate (Vote 20-0; CC)


March 7, 2019: Committee Report: Inexpedient to Legislate for 03/07/2019 (Vote 20-0; CC) HC 14 P. 2


Feb. 13, 2019: ==CONTINUED== Executive Session: 02/13/2019 02:00 pm LOB 302


Feb. 13, 2019: Subcommittee Work Session: 02/13/2019 10:00 am LOB 302


Feb. 6, 2019: ==RECESSED== Executive Session: 02/06/2019 02:00 pm LOB 302


Feb. 6, 2019: Subcommittee Work Session: 02/06/2019 09:30 am LOB 302


Jan. 22, 2019: ==RECESSED== Executive Session: 01/22/2019 01:30 pm LOB 302


Jan. 22, 2019: Subcommittee Work Session: 01/22/2019 09:30 am LOB 302


Jan. 16, 2019: Public Hearing: 01/16/2019 11:15 am LOB 302


Jan. 2, 2019: Introduced 01/02/2019 and referred to Commerce and Consumer Affairs HJ 2 P. 39