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Conference committee agrees in principle to keep 'good faith' exemption in condominium budget bill, defers final vote
Summary
Conferees signaled agreement to restore a 'good faith' exemption in HB70 (HD1 SD1) — a bill limiting cross-references in condominium budgets — but deferred final action to April 22 to complete a conference draft and review language.
A joint House–Senate conference committee on Monday reviewed HB70 (HD1 SD1), a bill that would require condominium budgets to present information without referencing other portions of an association budget, and agreed in principle to restore a "good faith" exemption to the statute.
The committee’s House cochair said negotiators intend to reinsert the exemption during drafting of a conference draft so the final bill will preserve relief for associations acting in good faith. Both chambers indicated they were "of like mind" on the issue but needed time to finalize precise language in the conference draft.
Conferees did not take a final vote on the measure. Instead, the committee deferred decision-making until April 22, 2025, at 1:30 p.m. in Conference Room 224 to allow review of the draft language and confirm whether the Senate or House language will control the conference draft.
The committee’s action stops short of adoption and leaves the scope of the exemption and any related cross-reference prohibitions to the forthcoming conference draft. The next procedural step is the exchange and review of the CD1 conference draft, when conferees will determine final wording and whether any technical edits are necessary.
