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| 2 | 2 | | |
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| 3 | 3 | | LCO No. 3108 1 of 2 |
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| 4 | 4 | | |
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| 5 | 5 | | General Assembly Proposed Bill No. 6465 |
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| 6 | 6 | | January Session, 2019 |
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| 7 | 7 | | LCO No. 3108 |
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| 8 | 8 | | |
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| 9 | 9 | | |
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| 10 | 10 | | Referred to Committee on GENERAL LAW |
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| 11 | 11 | | |
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| 12 | 12 | | |
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| 13 | 13 | | Introduced by: |
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| 14 | 14 | | REP. LUXENBERG, 12th Dist. |
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| 15 | 15 | | |
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| 16 | 16 | | |
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| 17 | 17 | | |
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| 18 | 18 | | AN ACT REQUIRING THE LICENSING OF COMMUNITY |
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| 19 | 19 | | ASSOCIATION MANAGERS AND PROPERTY MANAGERS OF |
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| 20 | 20 | | PLANNED UNIT DEVELOPMENTS. |
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| 21 | 21 | | Be it enacted by the Senate and House of Representatives in General |
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| 22 | 22 | | Assembly convened: |
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| 23 | 23 | | |
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| 24 | 24 | | That chapter 400b of the general statutes be amended to require: (1) 1 |
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| 25 | 25 | | Licensure of any community association manager, (2) licensure of the 2 |
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| 26 | 26 | | property manager of a planned unit development, (3) that such 3 |
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| 27 | 27 | | managers meet nationally established licensing standards, and (4) that 4 |
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| 28 | 28 | | such managers provide all financial information related to the 5 |
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| 29 | 29 | | association or planned unit development, including an accounting of 6 |
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| 30 | 30 | | expenses, revenues, invoices, insurance payouts, reserve funds, bank 7 |
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| 31 | 31 | | balances, balance sheets, profit and loss statements, delinquencies and 8 |
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| 32 | 32 | | any other material financial information to a condominium owner, 9 |
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| 33 | 33 | | condominium board member, planned unit development owner or 10 |
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| 34 | 34 | | planned unit development association board member who requests 11 |
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| 35 | 35 | | such information not later than thirty days following the date of the 12 |
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| 36 | 36 | | request. 13 |
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| 37 | 37 | | Statement of Purpose: |
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| 38 | 38 | | To protect the owners of condominiums and planned unit |
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| 39 | 39 | | developments from being taken advantage of by community Proposed Bill No. 6465 |
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| 40 | 40 | | |
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| 41 | 41 | | |
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| 42 | 42 | | LCO No. 3108 2 of 2 |
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| 43 | 43 | | |
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| 44 | 44 | | association managers and property managers through financial |
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| 45 | 45 | | malfeasance, negligence or incompetence and to require such |
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| 46 | 46 | | managers to be licensed and meet established national licensing |
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| 47 | 47 | | standards. |
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