HOUSE DOCKET, NO. 2466 FILED ON: 1/17/2019
HOUSE . . . . . . . . . . . . . . . No. 1267
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The Commonwealth of Massachusetts
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PRESENTED BY:
David F. DeCoste
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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.
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PETITION OF:
Name: | District/Address: | Date Added: |
David F. DeCoste | 5th Plymouth | 1/17/2019 |
Mathew J. Muratore | 1st Plymouth | 1/30/2019 |
HOUSE DOCKET, NO. 2466 FILED ON: 1/17/2019
HOUSE . . . . . . . . . . . . . . . No. 1267
By Mr. DeCoste of Norwell, a petition (accompanied by bill, House, No. 1267) of David F. DeCoste and Mathew J. Muratore relative to the reserve funds of condominiums. Housing. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 4167 OF 2017-2018.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-First General Court
(2019-2020)
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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.