Florida 2022 Regular Session

Florida House Bill H1397 Compare Versions

Only one version of the bill is available at this time.
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1010 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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1414 A bill to be entitled 1
1515 An act relating to condominium associations; amending 2
1616 s. 718.111, F.S.; authorizing the person or entity 3
1717 completing the financial report for an association to 4
1818 rely on a specified inspection report; restricting an 5
1919 association from waiving a financial report for more 6
2020 than a specified period; amending s. 718.112, F.S.; 7
2121 requiring an association to provide a candidate's 8
2222 certification form to unit owners for specified 9
2323 purposes; amending s. 718.113, F.S.; requiring the 10
2424 board to have certain condominium buildings inspected 11
2525 every 5 years by an architect or engineer; requiring 12
2626 the architect or engineer to provide a certain report 13
2727 back to the board; providing an exception; providing 14
2828 an effective date. 15
2929 16
3030 Be It Enacted by the Legislature of the State of Florida: 17
3131 18
3232 Section 1. Subsection (13) of section 718.111, Florida 19
3333 Statutes, is amended to read: 20
3434 718.111 The association. — 21
3535 (13) FINANCIAL REPORTING. —Within 90 days after the end of 22
3636 the fiscal year, or annually on a date provided in the bylaws, 23
3737 the association shall prepare and complete, or contract for the 24
3838 preparation and completion of, a financial report for the 25
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4747 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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5151 preceding fiscal year. Within 21 days after the final fin ancial 26
5252 report is completed by the association or received from the 27
5353 third party, but not later than 120 days after the end of the 28
5454 fiscal year or other date as provided in the bylaws, the 29
5555 association shall mail to each unit owner at the address last 30
5656 furnished to the association by the unit owner, or hand deliver 31
5757 to each unit owner, a copy of the most recent financial report 32
5858 or a notice that a copy of the most recent financial report will 33
5959 be mailed or hand delivered to the unit owner, without charge, 34
6060 within 5 business days after receipt of a written request from 35
6161 the unit owner. The division shall adopt rules setting forth 36
6262 uniform accounting principles and standards to be used by all 37
6363 associations and addressing the financial reporting requirements 38
6464 for multicondominium associations. The rules must include, but 39
6565 not be limited to, standards for presenting a summary of 40
6666 association reserves, including a good faith estimate disclosing 41
6767 the annual amount of reserve funds that would be necessary for 42
6868 the association to ful ly fund reserves for each reserve item 43
6969 based on the straight -line accounting method. This disclosure is 44
7070 not applicable to reserves funded via the pooling method. The 45
7171 person or entity preparing the financial report may rely on an 46
7272 inspection report prepared for or provided to the association to 47
7373 meet the fiscal and fiduciary standards of this chapter. In 48
7474 adopting such rules, the division shall consider the number of 49
7575 members and annual revenues of an association. Financial reports 50
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8484 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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8888 shall be prepared as follows: 51
8989 (a) An association that meets the criteria of this 52
9090 paragraph shall prepare a complete set of financial statements 53
9191 in accordance with generally accepted accounting principles. The 54
9292 financial statements must be based upon the association's total 55
9393 annual revenues, as follows: 56
9494 1. An association with total annual revenues of $150,000 57
9595 or more, but less than $300,000, shall prepare compiled 58
9696 financial statements. 59
9797 2. An association with total annual revenues of at least 60
9898 $300,000, but less than $500,000, shall pr epare reviewed 61
9999 financial statements. 62
100100 3. An association with total annual revenues of $500,000 63
101101 or more shall prepare audited financial statements. 64
102102 (b)1. An association with total annual revenues of less 65
103103 than $150,000 shall prepare a report of cash recei pts and 66
104104 expenditures. 67
105105 2. A report of cash receipts and disbursements must 68
106106 disclose the amount of receipts by accounts and receipt 69
107107 classifications and the amount of expenses by accounts and 70
108108 expense classifications, including, but not limited to, the 71
109109 following, as applicable: costs for security, professional and 72
110110 management fees and expenses, taxes, costs for recreation 73
111111 facilities, expenses for refuse collection and utility services, 74
112112 expenses for lawn care, costs for building maintenance and 75
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121121 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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125125 repair, insurance costs, administration and salary expenses, and 76
126126 reserves accumulated and expended for capital expenditures, 77
127127 deferred maintenance, and any other category for which the 78
128128 association maintains reserves. 79
129129 (c) An association may prepare, without a meeting of o r 80
130130 approval by the unit owners: 81
131131 1. Compiled, reviewed, or audited financial statements, if 82
132132 the association is required to prepare a report of cash receipts 83
133133 and expenditures; 84
134134 2. Reviewed or audited financial statements, if the 85
135135 association is required to prepare compiled financial 86
136136 statements; or 87
137137 3. Audited financial statements if the association is 88
138138 required to prepare reviewed financial statements. 89
139139 (d) If approved by a majority of the voting interests 90
140140 present at a properly called meeting of the association, an 91
141141 association may prepare: 92
142142 1. A report of cash receipts and expenditures in lieu of a 93
143143 compiled, reviewed, or audited financial statement; 94
144144 2. A report of cash receipts and expenditures or a 95
145145 compiled financial statement in lieu of a reviewe d or audited 96
146146 financial statement; or 97
147147 3. A report of cash receipts and expenditures, a compiled 98
148148 financial statement, or a reviewed financial statement in lieu 99
149149 of an audited financial statement. 100
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158158 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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163163 Such meeting and approval must occur before the end of the 102
164164 fiscal year and is effective only for the fiscal year in which 103
165165 the vote is taken, except that the approval may also be 104
166166 effective for the following fiscal year. If the developer has 105
167167 not turned over control of the association, all unit owners, 106
168168 including the developer, may vote on issues related to the 107
169169 preparation of the association's financial reports, from the 108
170170 date of incorporation of the association through the end of the 109
171171 second fiscal year after the fiscal year in which the 110
172172 certificate of a surveyor and map per is recorded pursuant to s. 111
173173 718.104(4)(e) or an instrument that transfers title to a unit in 112
174174 the condominium which is not accompanied by a recorded 113
175175 assignment of developer rights in favor of the grantee of such 114
176176 unit is recorded, whichever occurs first. Thereafter, all unit 115
177177 owners except the developer may vote on such issues until 116
178178 control is turned over to the association by the developer. Any 117
179179 audit or review prepared under this section shall be paid for by 118
180180 the developer if done before turnover of control of the 119
181181 association. An association may not waive the financial 120
182182 reporting requirements of this subsection for more than 3 121
183183 consecutive years. 122
184184 (e) A unit owner may provide written notice to the 123
185185 division of the association's failure to mail or hand deliver 124
186186 him or her a copy of the most recent financial report within 5 125
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195195 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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199199 business days after he or she submitted a written request to the 126
200200 association for a copy of such report. If the division 127
201201 determines that the association failed to mail or hand deliver a 128
202202 copy of the most recent financial report to the unit owner, the 129
203203 division shall provide written notice to the association that 130
204204 the association must mail or hand deliver a copy of the most 131
205205 recent financial report to the unit owner and the division 132
206206 within 5 business days after it receives such notice from the 133
207207 division. An association that fails to comply with the 134
208208 division's request may not waive the financial reporting 135
209209 requirement provided in paragraph (d) for the fiscal year in 136
210210 which the unit owner's request was made and the following fiscal 137
211211 year. A financial report received by the division pursuant to 138
212212 this paragraph shall be maintained, and the division shall 139
213213 provide a copy of such report to an association member upon his 140
214214 or her request. 141
215215 Section 2. Paragraph (d) of subsection (2) of section 142
216216 718.112, Florida Statutes, is amended to read: 143
217217 718.112 Bylaws.— 144
218218 (2) REQUIRED PROVISIONS. —The bylaws shall provide for the 145
219219 following and, if they do not do so, shall be deemed to include 146
220220 the following: 147
221221 (d) Unit owner meeti ngs.— 148
222222 1. An annual meeting of the unit owners must be held at 149
223223 the location provided in the association bylaws and, if the 150
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232232 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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236236 bylaws are silent as to the location, the meeting must be held 151
237237 within 45 miles of the condominium property. However, such 152
238238 distance requirement does not apply to an association governing 153
239239 a timeshare condominium. 154
240240 2. Unless the bylaws provide otherwise, a vacancy on the 155
241241 board caused by the expiration of a director's term must be 156
242242 filled by electing a new board member, and the election mu st be 157
243243 by secret ballot. An election is not required if the number of 158
244244 vacancies equals or exceeds the number of candidates. For 159
245245 purposes of this paragraph, the term "candidate" means an 160
246246 eligible person who has timely submitted the written notice, as 161
247247 described in sub-subparagraph 4.a., of his or her intention to 162
248248 become a candidate. Except in a timeshare or nonresidential 163
249249 condominium, or if the staggered term of a board member does not 164
250250 expire until a later annual meeting, or if all members' terms 165
251251 would otherwise expire but there are no candidates, the terms of 166
252252 all board members expire at the annual meeting, and such members 167
253253 may stand for reelection unless prohibited by the bylaws. Board 168
254254 members may serve terms longer than 1 year if permitted by the 169
255255 bylaws or articles of incorporation. A board member may not 170
256256 serve more than 8 consecutive years unless approved by an 171
257257 affirmative vote of unit owners representing two -thirds of all 172
258258 votes cast in the election or unless there are not enough 173
259259 eligible candidates to fill t he vacancies on the board at the 174
260260 time of the vacancy. Only board service that occurs on or after 175
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269269 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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273273 July 1, 2018, may be used when calculating a board member's term 176
274274 limit. If the number of board members whose terms expire at the 177
275275 annual meeting equals or excee ds the number of candidates, the 178
276276 candidates become members of the board effective upon the 179
277277 adjournment of the annual meeting. Unless the bylaws provide 180
278278 otherwise, any remaining vacancies shall be filled by the 181
279279 affirmative vote of the majority of the direct ors making up the 182
280280 newly constituted board even if the directors constitute less 183
281281 than a quorum or there is only one director. In a residential 184
282282 condominium association of more than 10 units or in a 185
283283 residential condominium association that does not include 186
284284 timeshare units or timeshare interests, co -owners of a unit may 187
285285 not serve as members of the board of directors at the same time 188
286286 unless they own more than one unit or unless there are not 189
287287 enough eligible candidates to fill the vacancies on the board at 190
288288 the time of the vacancy. A unit owner in a residential 191
289289 condominium desiring to be a candidate for board membership must 192
290290 comply with sub-subparagraph 4.a. and must be eligible to be a 193
291291 candidate to serve on the board of directors at the time of the 194
292292 deadline for submitting a notice of intent to run in order to 195
293293 have his or her name listed as a proper candidate on the ballot 196
294294 or to serve on the board. A person who has been suspended or 197
295295 removed by the division under this chapter, or who is delinquent 198
296296 in the payment of any assessment due to the association, is not 199
297297 eligible to be a candidate for board membership and may not be 200
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306306 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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310310 listed on the ballot. For purposes of this paragraph, a person 201
311311 is delinquent if a payment is not made by the due date as 202
312312 specifically identified in the declaration of condominium, 203
313313 bylaws, or articles of incorporation. If a due date is not 204
314314 specifically identified in the declaration of condominium, 205
315315 bylaws, or articles of incorporation, the due date is the first 206
316316 day of the assessment period. A person who has been convicted of 207
317317 any felony in this state or in a United States District or 208
318318 Territorial Court, or who has been convicted of any offense in 209
319319 another jurisdiction which would be considered a felony if 210
320320 committed in this state, is not eligible for board m embership 211
321321 unless such felon's civil rights have been restored for at least 212
322322 5 years as of the date such person seeks election to the board. 213
323323 The validity of an action by the board is not affected if it is 214
324324 later determined that a board member is ineligible fo r board 215
325325 membership due to having been convicted of a felony. This 216
326326 subparagraph does not limit the term of a member of the board of 217
327327 a nonresidential or timeshare condominium. 218
328328 3. The bylaws must provide the method of calling meetings 219
329329 of unit owners, includ ing annual meetings. Written notice of an 220
330330 annual meeting must include an agenda; be mailed, hand 221
331331 delivered, or electronically transmitted to each unit owner at 222
332332 least 14 days before the annual meeting; and be posted in a 223
333333 conspicuous place on the condominium property or association 224
334334 property at least 14 continuous days before the annual meeting. 225
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343343 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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347347 Written notice of a meeting other than an annual meeting must 226
348348 include an agenda; be mailed, hand delivered, or electronically 227
349349 transmitted to each unit owner; and be po sted in a conspicuous 228
350350 place on the condominium property or association property within 229
351351 the timeframe specified in the bylaws. If the bylaws do not 230
352352 specify a timeframe for written notice of a meeting other than 231
353353 an annual meeting, notice must be provided at least 14 232
354354 continuous days before the meeting. Upon notice to the unit 233
355355 owners, the board shall, by duly adopted rule, designate a 234
356356 specific location on the condominium property or association 235
357357 property where all notices of unit owner meetings must be 236
358358 posted. This requirement does not apply if there is no 237
359359 condominium property for posting notices. In lieu of, or in 238
360360 addition to, the physical posting of meeting notices, the 239
361361 association may, by reasonable rule, adopt a procedure for 240
362362 conspicuously posting and repeate dly broadcasting the notice and 241
363363 the agenda on a closed -circuit cable television system serving 242
364364 the condominium association. However, if broadcast notice is 243
365365 used in lieu of a notice posted physically on the condominium 244
366366 property, the notice and agenda must b e broadcast at least four 245
367367 times every broadcast hour of each day that a posted notice is 246
368368 otherwise required under this section. If broadcast notice is 247
369369 provided, the notice and agenda must be broadcast in a manner 248
370370 and for a sufficient continuous length of t ime so as to allow an 249
371371 average reader to observe the notice and read and comprehend the 250
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380380 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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384384 entire content of the notice and the agenda. In addition to any 251
385385 of the authorized means of providing notice of a meeting of the 252
386386 board, the association may, by rule, adop t a procedure for 253
387387 conspicuously posting the meeting notice and the agenda on a 254
388388 website serving the condominium association for at least the 255
389389 minimum period of time for which a notice of a meeting is also 256
390390 required to be physically posted on the condominium p roperty. 257
391391 Any rule adopted shall, in addition to other matters, include a 258
392392 requirement that the association send an electronic notice in 259
393393 the same manner as a notice for a meeting of the members, which 260
394394 must include a hyperlink to the website where the notice is 261
395395 posted, to unit owners whose e -mail addresses are included in 262
396396 the association's official records. Unless a unit owner waives 263
397397 in writing the right to receive notice of the annual meeting, 264
398398 such notice must be hand delivered, mailed, or electronically 265
399399 transmitted to each unit owner. Notice for meetings and notice 266
400400 for all other purposes must be mailed to each unit owner at the 267
401401 address last furnished to the association by the unit owner, or 268
402402 hand delivered to each unit owner. However, if a unit is owned 269
403403 by more than one person, the association must provide notice to 270
404404 the address that the developer identifies for that purpose and 271
405405 thereafter as one or more of the owners of the unit advise the 272
406406 association in writing, or if no address is given or the owners 273
407407 of the unit do not agree, to the address provided on the deed of 274
408408 record. An officer of the association, or the manager or other 275
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417417 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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421421 person providing notice of the association meeting, must provide 276
422422 an affidavit or United States Postal Service certificate of 277
423423 mailing, to be included in the official records of the 278
424424 association affirming that the notice was mailed or hand 279
425425 delivered in accordance with this provision. 280
426426 4. The members of the board of a residential condominium 281
427427 shall be elected by written ballot or voting machin e. Proxies 282
428428 may not be used in electing the board in general elections or 283
429429 elections to fill vacancies caused by recall, resignation, or 284
430430 otherwise, unless otherwise provided in this chapter. This 285
431431 subparagraph does not apply to an association governing a 286
432432 timeshare condominium. 287
433433 a. At least 60 days before a scheduled election, the 288
434434 association shall mail, deliver, or electronically transmit, by 289
435435 separate association mailing or included in another association 290
436436 mailing, delivery, or transmission, including regularl y 291
437437 published newsletters, to each unit owner entitled to a vote, a 292
438438 first notice of the date of the election. A unit owner or other 293
439439 eligible person desiring to be a candidate for the board must 294
440440 give written notice of his or her intent to be a candidate to 295
441441 the association at least 40 days before a scheduled election. 296
442442 Together with the written notice and agenda as set forth in 297
443443 subparagraph 3., the association shall mail, deliver, or 298
444444 electronically transmit a second notice of the election to all 299
445445 unit owners entitled to vote, together with a ballot that lists 300
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454454 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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458458 all candidates and each candidate's certification form provided 301
459459 by the division on which the candidate attests that he or she 302
460460 has read and understands, to the best of his or her ability, the 303
461461 governing documents of the association, the provisions of this 304
462462 chapter, and any applicable rules not less than 14 days or more 305
463463 than 34 days before the date of the election. Upon request of a 306
464464 candidate, an information sheet, no larger than 8 1/2 inches by 307
465465 11 inches, which must be furnished by the candidate at least 35 308
466466 days before the election, must be included with the mailing, 309
467467 delivery, or transmission of the ballot, with the costs of 310
468468 mailing, delivery, or electronic transmission and copying to be 311
469469 borne by the association. The association is not liable for the 312
470470 contents of the information sheets prepared by the candidates. 313
471471 In order to reduce costs, the association may print or duplicate 314
472472 the information sheets on both sides of the paper. The division 315
473473 shall by rule establish vo ting procedures consistent with this 316
474474 sub-subparagraph, including rules establishing procedures for 317
475475 giving notice by electronic transmission and rules providing for 318
476476 the secrecy of ballots. Elections shall be decided by a 319
477477 plurality of ballots cast. There is no quorum requirement; 320
478478 however, at least 20 percent of the eligible voters must cast a 321
479479 ballot in order to have a valid election. A unit owner may not 322
480480 authorize any other person to vote his or her ballot, and any 323
481481 ballots improperly cast are invalid. A unit owner who violates 324
482482 this provision may be fined by the association in accordance 325
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491491 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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495495 with s. 718.303. A unit owner who needs assistance in casting 326
496496 the ballot for the reasons stated in s. 101.051 may obtain such 327
497497 assistance. The regular election must occur on the date of the 328
498498 annual meeting. Notwithstanding this sub -subparagraph, an 329
499499 election is not required unless more candidates file notices of 330
500500 intent to run or are nominated than board vacancies exist. 331
501501 b. Within 90 days after being elected or appointed to the 332
502502 board of an association of a residential condominium, each newly 333
503503 elected or appointed director shall certify in writing to the 334
504504 secretary of the association that he or she has read the 335
505505 association's declaration of condominium, articles of 336
506506 incorporation, bylaw s, and current written policies; that he or 337
507507 she will work to uphold such documents and policies to the best 338
508508 of his or her ability; and that he or she will faithfully 339
509509 discharge his or her fiduciary responsibility to the 340
510510 association's members. In lieu of thi s written certification, 341
511511 within 90 days after being elected or appointed to the board, 342
512512 the newly elected or appointed director may submit a certificate 343
513513 of having satisfactorily completed the educational curriculum 344
514514 administered by a division -approved condominium education 345
515515 provider within 1 year before or 90 days after the date of 346
516516 election or appointment. The written certification or 347
517517 educational certificate is valid and does not have to be 348
518518 resubmitted as long as the director serves on the board without 349
519519 interruption. A director of an association of a residential 350
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528528 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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532532 condominium who fails to timely file the written certification 351
533533 or educational certificate is suspended from service on the 352
534534 board until he or she complies with this sub -subparagraph. The 353
535535 board may temporarily fill the vacancy during the period of 354
536536 suspension. The secretary shall cause the association to retain 355
537537 a director's written certification or educational certificate 356
538538 for inspection by the members for 5 years after a director's 357
539539 election or the duration of the director's uninterrupted tenure, 358
540540 whichever is longer. Failure to have such written certification 359
541541 or educational certificate on file does not affect the validity 360
542542 of any board action. 361
543543 c. Any challenge to the election process must be commenced 362
544544 within 60 days after the election results are announced. 363
545545 5. Any approval by unit owners called for by this chapter 364
546546 or the applicable declaration or bylaws, including, but not 365
547547 limited to, the approval requirement in s. 718.111(8), must be 366
548548 made at a duly noticed meeting of unit owners and is subject to 367
549549 all requirements of this chapter or the applicable condominium 368
550550 documents relating to unit owner decisionmaking, except that 369
551551 unit owners may take action by written agreement, without 370
552552 meetings, on matters for which a ction by written agreement 371
553553 without meetings is expressly allowed by the applicable bylaws 372
554554 or declaration or any law that provides for such action. 373
555555 6. Unit owners may waive notice of specific meetings if 374
556556 allowed by the applicable bylaws or declaration or any law. 375
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565565 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
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569569 Notice of meetings of the board of administration, unit owner 376
570570 meetings, except unit owner meetings called to recall board 377
571571 members under paragraph (j), and committee meetings may be given 378
572572 by electronic transmission to unit owners who consent to rec eive 379
573573 notice by electronic transmission. A unit owner who consents to 380
574574 receiving notices by electronic transmission is solely 381
575575 responsible for removing or bypassing filters that block receipt 382
576576 of mass e-mails sent to members on behalf of the association in 383
577577 the course of giving electronic notices. 384
578578 7. Unit owners have the right to participate in meetings 385
579579 of unit owners with reference to all designated agenda items. 386
580580 However, the association may adopt reasonable rules governing 387
581581 the frequency, duration, and manner of unit owner participation. 388
582582 8. A unit owner may tape record or videotape a meeting of 389
583583 the unit owners subject to reasonable rules adopted by the 390
584584 division. 391
585585 9. Unless otherwise provided in the bylaws, any vacancy 392
586586 occurring on the board before the expir ation of a term may be 393
587587 filled by the affirmative vote of the majority of the remaining 394
588588 directors, even if the remaining directors constitute less than 395
589589 a quorum, or by the sole remaining director. In the alternative, 396
590590 a board may hold an election to fill the vacancy, in which case 397
591591 the election procedures must conform to sub -subparagraph 4.a. 398
592592 unless the association governs 10 units or fewer and has opted 399
593593 out of the statutory election process, in which case the bylaws 400
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602602 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
603603
604604
605605
606606 of the association control. Unless otherwis e provided in the 401
607607 bylaws, a board member appointed or elected under this section 402
608608 shall fill the vacancy for the unexpired term of the seat being 403
609609 filled. Filling vacancies created by recall is governed by 404
610610 paragraph (j) and rules adopted by the division. 405
611611 10. This chapter does not limit the use of general or 406
612612 limited proxies, require the use of general or limited proxies, 407
613613 or require the use of a written ballot or voting machine for any 408
614614 agenda item or election at any meeting of a timeshare 409
615615 condominium associat ion or nonresidential condominium 410
616616 association. 411
617617 412
618618 Notwithstanding subparagraph (b)2. and sub -subparagraph 4.a., an 413
619619 association of 10 or fewer units may, by affirmative vote of a 414
620620 majority of the total voting interests, provide for different 415
621621 voting and election procedures in its bylaws, which may be by a 416
622622 proxy specifically delineating the different voting and election 417
623623 procedures. The different voting and election procedures may 418
624624 provide for elections to be conducted by limited or general 419
625625 proxy. 420
626626 Section 3. Subsection (10) is added to section 718.113, 421
627627 Florida Statutes, to read: 422
628628 718.113 Maintenance; limitation upon improvement; display 423
629629 of flag; hurricane shutters and protection; display of religious 424
630630 decorations.— 425
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639639 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
640640
641641
642642
643643 (10) As to a condominium building that is taller than 426
644644 three stories in height, at least every 5 years, and within 5 427
645645 years if such building is not available for inspection on or 428
646646 before July 1, 2022, the board shall have the condominium 429
647647 building inspected by an architect or engineer authorized to 430
648648 practice in the state. The architect or engineer shall provide a 431
649649 report under his or her seal to the board attesting to the 432
650650 required maintenance, useful life, and replacements costs of the 433
651651 common elements of the condominium building. However, an 434
652652 association may waive this requirement if the decision to waive 435
653653 is approved by a majority of the voting interests present at a 436
654654 properly called meeting of the association. The meeting and 437
655655 approval must occur before the end of the 5 -year period and such 438
656656 approval is effective only for that 5 -year period. 439
657657 Section 4. This act shall take effect July 1, 2022. 440