HOUSE DOCKET, NO. 4467        FILED ON: 1/10/2018

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 4167

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

David F. DeCoste

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act relative to adequate condominium reserve funds.

_______________

PETITION OF:

 

Name:

District/Address:

David F. DeCoste

5th Plymouth

Brian M. Ashe

2nd Hampden

William L. Crocker, Jr.

2nd Barnstable

James B. Eldridge

Middlesex and Worcester

Carmine L. Gentile

13th Middlesex

Carlos González

10th Hampden

Steven S. Howitt

4th Bristol

John F. Keenan

Norfolk and Plymouth

Mathew Muratore

1st Plymouth

Shaunna L. O'Connell

3rd Bristol

Alan Silvia

7th Bristol

Chris Walsh

6th Middlesex

Timothy R. Whelan

1st Barnstable


HOUSE DOCKET, NO. 4467        FILED ON: 1/10/2018

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 4167

By Mr. DeCoste of Norwell, a petition (subject to Joint Rule 12) of David F. DeCoste and others relative to the reserve funds of condominiums.  Housing.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninetieth General Court
(2017-2018)

_______________

 

An Act relative to adequate condominium reserve funds.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Subsection (i) of section 10 of chapter 183A of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by adding the following two sentences:- As used in this section, the term “adequate replacement reserve fund” shall mean a reserve fund requirement as defined by the periodic accomplishment of a reserve fund study by a certified engineering firm. The organization of unit owners shall develop appropriate funding plans to meet the needs outlined in such study.