LCO No. 4050 1 of 2 General Assembly Raised Bill No. 1013 January Session, 2023 LCO No. 4050 Referred to Committee on INSURANCE AND REAL ESTATE Introduced by: (INS) AN ACT CONCERNING COMMON INTEREST OWNERSHIP COMMUNITIES. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (Effective from passage) Not later than February 1, 2024, the 1 Commissioner of Housing shall prepare and submit a report, in 2 accordance with the provisions of section 11-4a of the general statutes, 3 to the joint standing committee of the General Assembly having 4 cognizance of matters relating to real estate. Such report shall include 5 an assessment of the funding of reserves involving any common interest 6 community in this state. As used in this section, "common interest 7 community" has the same meaning as provided in section 47-202 of the 8 general statutes. 9 This act shall take effect as follows and shall amend the following sections: Section 1 from passage New section Raised Bill No. 1013 LCO No. 4050 2 of 2 Statement of Purpose: To require the Commissioner of Housing to conduct a study concerning funding for common interest ownership community reserves. [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]