Introduced
by
To allow a majority of a condominium association's members to choose not to obtain an annual audit if the association has annual revenues of less than $100,000, and instead only require that a certified public accountant review the books.
Referred to the Committee on Regulatory Reform
Reported without amendment
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered
To lower the threshold for the proposed option to condo associations with less than $20,000 in annual revenue.
The substitute passed by voice vote
Amendment offered
by
To clarify the means by which the association votes on the proposed option.
The amendment passed by voice vote
Passed in the House 108 to 1 (details)
To allow a majority of a condominium association's members to choose not to obtain an annual audit if the association has annual revenues of less than $20,000, and instead only require that a certified public accountant review the books.
Referred to the Committee on Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 37 to 0 (details)
To allow a majority of a condominium association's members to choose not to obtain an annual audit if the association has annual revenues of less than $20,000, and instead only require that a certified public accountant review the books.
