Norma Torres
- Democratic
Author
The Davis-Stirling Common Interest Development Act provides for the creation and regulation of common interest developments. Under existing law, a common interest development is managed by an association pursuant to the provisions of the governing documents of the development. Existing law requires an association to provide specified disclosure documents to its members. Existing law allows the required disclosure documents to be delivered electronically. This bill would provide that a document that uses an electronic record to provide or make available the document satisfies the writing requirement, as provided. This bill would also require an association to distribute annually to its members a Disclosure Documents Index, as specified. Existing law requires an association to distribute to its members a pro forma operating budget for each fiscal year, as specified. Existing law also requires an association to distribute, with the pro forma operating budget, an Assessment and Reserve Funding Disclosure Summary containing specified information regarding the association's assessments and reserves. This bill would require that Assessment and Reserve Funding Disclosure Summary to include a specified statement regarding the interest rate earned on reserve funds and the assumed inflation rate applied to major component repair and replacement costs.
Chaptered by Secretary of State - Chapter 484, Statutes of 2009.
Approved by the Governor.
Enrolled and to the Governor at 4:15 p.m.
Senate amendments concurred in. To enrollment. (Ayes 76. Noes 0. Page 2754.)
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 27 pursuant to Assembly Rule 77.
Read third time, passed, and to Assembly. (Ayes 39. Noes 0. Page 1917.)
(Corrected July 22.)
Read second time, amended, and to third reading.
From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (June 23).
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on T. & H.
Read third time, passed, and to Senate. (Ayes 78. Noes 0. Page 1728.)
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time, amended, and returned to third reading. (Page 1664.).
Read second time. To third reading.
From committee: Do pass. (Ayes 4. Noes 2.) (May 13).
In committee: Hearing postponed by committee.
From committee chair, with author's amendments: Amend, and re-refer to Com. on H. & C.D. Read second time and amended.
From printer. May be heard in committee March 29.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB899 | HTML |
| 02/26/09 - Introduced | |
| 04/01/09 - Amended Assembly | |
| 05/26/09 - Amended Assembly | |
| 06/17/09 - Amended Senate | |
| 06/26/09 - Amended Senate | |
| 08/31/09 - Enrolled | |
| 10/11/09 - Chaptered |
| Document | Format |
|---|---|
| No related documents. |
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