EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. [Brackets] indicate matter deleted from existing law. *hb0615* HOUSE BILL 615 N1 5lr2870 By: Delegate Holmes Introduced and read first time: January 23, 2025 Assigned to: Environment and Transportation A BILL ENTITLED AN ACT concerning 1 Condominiums and Homeowners Associations – Clarification 2 FOR the purpose of clarifying terminology in provisions relating to the proposed budget for 3 a condominium and the appointment of a receiver for a homeowners association; and 4 generally relating to condominiums and homeowners associations. 5 BY repealing and reenacting, with amendments, 6 Article – Real Property 7 Section 11–109.2(d) and 11B–111.5(a) 8 Annotated Code of Maryland 9 (2023 Replacement Volume and 2024 Supplement) 10 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 11 That the Laws of Maryland read as follows: 12 Article – Real Property 13 11–109.2. 14 (d) (1) The budget shall be adopted at an open meeting of the council of unit 15 owners or any other body to which the council of unit owners delegates responsibilities for 16 preparing and adopting the budget. 17 (2) (i) The council of unit owners or other governing body of unit owners 18 shall submit the adopted annual budget to the unit owners not more than 30 days after the 19 meeting at which the budget was adopted. 20 (ii) The adopted annual budget may be submitted to each unit owner 21 by electronic transmission, by posting on the condominium association’s home page, or by 22 inclusion in the [homeowners] CONDOMINIUM association’s newsletter. 23 2 HOUSE BILL 615 11B–111.5. 1 (a) If a homeowners association fails to fill vacancies on the governing body 2 sufficient to constitute a quorum in accordance with the bylaws, three or more owners of 3 lots may petition the circuit court for the county where the [condominium] HOMEOWNERS 4 ASSOCIATION is located to appoint a receiver to manage the affairs of the homeowners 5 association. 6 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect 7 October 1, 2025. 8