Rhode Island House Bill H6306

Rhode Island 2023 Regular Session

• Introduced: 4/21/23
• Refer: 4/21/23
• Report Pass: 4/25/23
• Engrossed: 5/2/23
• Enrolled: 5/16/23
• Passed: 5/18/23

Caption

To Vacate The Forfeiture Or Revocation Of The Charter Of Featherbed Estates Homeowners Association, Inc.

Impact

The passage of H6306 is significant for the Featherbed Estates Homeowners Association as it provides relief from the penalties associated with the delayed filings. With this bill, the association can restore its charter and continue to operate effectively under Rhode Island state law. By preventing the automatic loss of charter due to non-compliance, this legislation serves as a template for similar cases where organizations may face similar situations, thus promoting stability and continuity within community associations.

Summary

House Bill H6306 introduces a legislative measure to vacate the forfeiture or revocation of the charter of the Featherbed Estates Homeowners Association, Inc. This bill specifically addresses the requirement for the association to file overdue reports from the years 1992 to 2023. Through this bill, the association is granted an extension until December 31, 2023, to fulfill its reporting obligations, allowing it to regain its corporate charter upon compliance. The bill has been introduced as a practical solution to a situation where a homeowners association's failure to meet certain annual reporting requirements jeopardized its legal status and operational privileges.

Contention

While the discussions around the bill do not appear to have been contentious, there is a general obligation for homeowners associations to comply with state regulations to maintain their charter. The bill’s unanimous passage (70 yeas, 0 nays) suggests widespread agreement on the necessity of this measure among lawmakers. However, the underlying issue remains regarding how state law enforces reporting requirements and the implications of charter forfeiture when associations fail to fulfill their obligations.