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Committee approves requiring professional management for larger homeowner associations
Summary
HB 465, introduced by Representative Nix, would require community associations with budgets over $500,000 to be professionally managed and to use licensed professionals for audits; the subcommittee heard pro-management-company support, asked for data on affected associations, and approved the bill unanimously.
Representative Nix told the subcommittee that HB 465 "requires community associations with budgets exceeding $500,000 to be professionally managed," and described the policy as consumer- and homeowner-protection that would "ensure that all forms of community association living will have some level of state recourse" if associations fail to comply with the law.
During questioning, Representative Honchowski asked for more data on how many associations would be affected, noting it was difficult information to obtain and requesting staff or sponsor follow-up. Several representatives of management companies waved support; witnesses listed in the transcript include Mark Anderson, Steven Harshman (Seacrest Services), Jose Ristra and Katie Marks (May Management Services).
Representative Nix told members the bill "creates some level of accountability while none currently exist," and the committee voted unanimously to pass the measure. The sponsor and committee did not adopt amendments in this hearing; staff follow-up was requested on the count of affected associations.
