SB 722
Condominium Structural Integrity Reserve Studies
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Bill overview
Condominium Structural Integrity Reserve Studies; Defining the term “structural integrity reserve study”; requiring condominium associations that govern a building of a specified height to conduct a structural integrity reserve study for a specified purpose; providing that condominium associations that govern a building that does not meet such specified height requirement are not required to conduct a structural integrity reserve study; authorizing certain condominium associations to elect, by a majority vote of their members, to waive or reduce reserve contributions; providing construction, etc.
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