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Proposal raises audit threshold for resident‑owned manufactured‑home communities; advocates say change reduces costs
Summary
SB 165 would raise the financial thresholds that trigger external audits for resident‑owned manufactured‑home communities (ROCs). Supporters said the existing $250,000 threshold is outdated and audit costs can be burdensome for small cooperatives; opponents did not appear at the hearing.
Senate Bill 165, introduced on behalf of Sen. Kevin Abar, would increase the financial thresholds that trigger mandatory external audits for resident‑owned manufactured‑home communities. Grant Bossie introduced the bill and said it would keep transparency while reducing an outsized compliance burden on small…
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