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SB 576

Maryland - Session 2026

Senate introduced 2026-04-10
Business / Commerce Elections / Voting Housing
Bill Details

Title: Cooperative Housing Corporations and Condominiums - Emergency Use of Reserve Funds

Summary

Providing that reserve funds of a cooperative housing corporation or condominium may be used for purposes other than those specified in the funding plan in an emergency and if the use of funds is approved by an affirmative vote of the members or unit owners having at least two-thirds of the votes in the cooperative housing corporation or the council of unit owners, respectively.

Sponsor
Senator Jennings
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-04 Introduced Bill introduced
2026-02-04 Status introduced
2026-04-10 Latest Action In the Senate - Hearing 2/18 at 1:00 p.m.
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