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Committee advances HOA transparency bill that would require homeowner votes for large assessment increases
Summary
SB 1007 would require clearer budget visuals and require homeowner votes for regular assessment increases above a yet-to-be-finalized threshold; the committee advanced the bill after debate about insurance, special assessments and operational impacts.
Senator Menjivar presented SB 1007 to increase transparency in homeowner associations and to limit how much associations can raise regular assessments without a homeowner vote. She said the bill would require a clear front-facing budget comparison showing anticipated versus actual expenditures and require HOAs to provide evidence used when charging a homeowner with a violation.
Robert Harrell, executive director of the Consumer…
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