Reso 2024-3630 - Laserfiche WebLink

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The Florida Senate BILL ANALYSIS AND FISCAL IMPACT STATEMENT (This document is based on the provisions contained in the legislation as of the latest date listed below.) Prepared By: The Professional Staff of the Committee on Regulated Industries BILL: CS/SB 1178 INTRODUCER: Regulated Industries Committee and Senators Bradley and Pizzo SUBJECT: Community Associations DATE: January 22, 2024 REVISED: ANALYST 1. Oxamendi ►a STAFF DIRECTOR REFERENCE Imhof RI AEG FP Fav/CS ACTION Please see Section IX. for Additional Information: COMMITTEE SUBSTITUTE - Substantial Changes Summary: CS/SB 1178 relates to the governance of condominium and cooperative associations and the practice of community association management. Regarding community association managers (CAMs) and CAM firms, the bill: • Requires CAMs and CAM firms to return all community association records in their possession within 20 business days of termination of a services agreement or a written request whichever occurs first, with license suspension and civil penalties for noncompliance. • Provides conflict of interest disclosure requirements and a process for associations to follow when approving contracts with CAMs and CAM firms, or a relative, that may present a conflict of interest. The requirements are similar to the conflicts of interest provisions for condominium associations and their officers and directors. • Provides grounds to discipline CAMs and CAM firms for failure to disclose a conflict of interest as required by the bill. Regarding access to the official records of a condominium association, the bill: • Requires official records be maintained in a manner that facilitates inspection by unit owners. • Effective January 1, 2026, decreases from 150 units to 25 units the threshold requirement for an association to maintain specified records available for download on the association's website or by an application on a mobile device. 311