TALAHASI, FL – On Tuesday, state lawmakers added to a week-long special session a bill that would reform condominium operations.
Account, HB 5D – The Association of Condominiums and Cooperatives is considering the changes that were demanded immediately after last year’s collapse of Champlain Towers South in Surfside, which killed 98 people.
The text of the bill deals with changes and new laws concerning disciplinary sanctions, official records, reserve accounts … inspections, transfer of control, as well as codes related to repair, replacement and mandatory revision of the structure of public associations.
“We will never forget the pain, confusion and sadness felt by the community and the state when the Surfside condominium building collapsed and took 98 lives,” Speaker Chris Sprules (R-Palm Harbor) said in a statement. “The Florida legislature has struggled to reach a consensus on what significant reform looks like, but today we came to an agreement that will help ensure that such a tragedy never happens again.”
The new legislation comes the same day ruled by a judge that people who owned condominiums in a building in Florida that collapsed nearly a year ago but was unharmed will share at least $ 96 million as a result of a court agreement.
HB 5D is scheduled for 6 p.m. to discuss the appropriations committee agenda.
An extraordinary session will be held keep focusing about property insurance reforms that are expected to reduce costs for homeowners in Florida.