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2001 SESSION

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HB 2429 Common Interest Community Management Information Fund.

Introduced by: Terrie L. Suit | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Common Interest Community Management Information Fund; powers of the Real Estate Board. Provides for the appointment of a community association liaison who shall administer the requirements of the Common Interest Community Management Information Fund and serve as an information resource on issues relating to the governance, administration and operation of common interest communities, including the laws and regulations relating thereto. Such information may include non-binding interpretations of laws or regulations governing common interest communities and referrals to public and private agencies offering alternative dispute resolution services, with a goal of reducing and resolving conflicts among associations and their members. The compensation for the community association liaison shall be paid from the Fund; provided that no more than 60 percent of the moneys collected annually in the Fund shall be used for such purpose. This bill is a recommendation of the Housing Study Commission.


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