Reso 2024-3630 - Laserfiche WebLink

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BILL: CS/SB 1178 Page 3 December 31, 2024. However, the completion of the SIRS must be performed or completed by December 31, 2026. o Require an association to provide unit owners with a notice that the SIRS is available for inspection and copying within 45 days of completion of the study. The notice may be provided electronically. o Clarify that the turnover report required under s. 718.301(4)(p), F.S., consists of a SIRS. o Allow associations to waive reserves and for the SIRS to recommend a temporary suspension of reserve funding if the building or units are unsafe and uninhabitable as determined by the local enforcement agency. Regarding meetings of the boards of administration for condominium associations, the bill: • Requires condominium associations of 10 or more units to meet at least once each quarter for the purpose of responding to inquiries from members and informing members on the status of the condominium, including the status of any construction or repair projects, the status of the association's revenue and expenditures during the fiscal year, or other issues affecting the association. • Requires associations to include a copy of the proposed contract if the notice for a board meeting relates to the approval of a contract. The bill provides education requirements for the officers and directors of condominium associations to: • Require newly elected or appointed directors to submit both the written certification that they have read the association's governing documents, will work to uphold the documents to the best of their ability and will faithfully discharge their duties, and submit a certificate of completion of an approved condominium education course; • Provide that the written certification and educational certificate are valid for 10 years; • Provide that developer -appointed directors do not have to retake the education course for any subsequent appointment by a developer, provided that the previously submitted educational certificate is valid for only 10 years; • Require the division to provide the required education curriculum to directors at no charge, including when the education curriculum is provided by a division -approved education provider; • Require directors to annually complete continuing education about recent changes to the condominium laws and rules; • Extend the time an association must retain a copy of an officer or director's educational certificate from five years to seven years; and • Require associations to annually certify that all directors have completed the required written certification and educational certificate requirements. Regarding assessments levied by condominium associations, the bill: • Provides a process for the board to secure a line of credit and assess a contingent special assessment to fund repairs recommended by a milestone inspection required under s. 553.899, F.S., or a similar local inspection requirement or a structural integrity reserve study, or unanticipated repairs. 313