Maryland Senate bill in Session 2026.
Status: introduced. Latest action: May 15, 2026.
Common Ownership Communities - Reserve Accounts and Reserve Studies - Alterations.
Requiring the governing bodies of certain cooperative housing corporations, condominiums, or homeowners associations to adopt an annual budget that includes certain calculations for the cost to repair or replace capital components that are the responsibility of the common ownership community; providing that a certain portion of the members of a common ownership community may determine the community and its members are facing a financial hardship or that a determination of financial hardship may be extended; etc.
| Date | Event | Detail |
|---|---|---|
| 2026-02-05 | Introduced | Bill introduced |
| 2026-02-05 | Status | introduced |
| 2026-05-15 | Latest Action | In the Senate - Unfavorable Report by Judicial Proceedings; Withdrawn |