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Committee introduces RS 32550 to require HOA control transfer to homeowners after 95% build-out
Summary
The Ways and Means Committee voted to introduce RS 32550, a measure that would require declarants (builders) to transfer control of homeowners associations to homeowners once 95% of a development is built out; committee members asked questions but took no final vote beyond introduction.
The Ways and Means Committee introduced RS 32550, a bill that would require declarants (builders) to begin transitioning control of homeowners associations to homeowners and to transfer full control once a development reaches 95% build-out.
Representative John Weber, who introduced the draft for the record, told the committee the bill "starts a sudden transition from builders to the homeowners, and give them the homeowners a…
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