WA People
BILL · 2007–08 SESSION · LATEST VERSION SHB 2541

HB 2541: Condominium associations

Concerning reserve accounts and studies for condominium associations.

Summary

  • Requires a residential condominium association, unless doing so would impose an unreasonable hardship, to (1) prepare an initial reserve study based upon a visual site inspection conducted by a reserve study professional; (2) update the study annually; and (3) arrange for a visual site inspection every three years by a reserve study professional.
  • Encourages, but does not require, a residential condominium association to establish a reserve account, supplemental to the association's annual operating budget, to fund major maintenance, repair, and replacement of common elements.
  • Requires a condominium public offering statement or resale certificate to include (1) a copy of the current reserve study, or (2) a disclosure to the potential buyer stating that the association does not have a reserve study.

From the Substitute House Bill Report (SHB 2541), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 14, 2008
  2. Out of committeeFeb 5, 2008
  3. Passed HouseFeb 13, 2008
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Troy Kelley (D-28)
Introduced
January 14, 2008 in the House
Last action
March 13, 2008
Companion bill
SB 6215
Versions
HB 2541, SHB 2541

AN ACT Relating to reserve accounts and studies for condominium associations;

Sponsors

Prime sponsor: Troy Kelley (D-28)

5 co-sponsors (3 Democrats, 2 Republicans)

Jim McCune R-2Larry Springer D-45Brendan Williams D-22Mark Miloscia D-30Tom Campbell R-2

Votes

House · Final Passage

Passed February 13, 2008
Version voted on: SHB 2541
95 Yea 1 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat62001
Republican33101
How each member voted

Yea (95)

Nay (1)

Excused (2)

Permalink to this vote

History

  1. By resolution, returned to House Rules Committee for third reading. (SHB 2541)
  2. Passed to Rules Committee for second reading. (SHB 2541)
  3. Minority; without recommendation. (SHB 2541)
  4. CPH - Majority; do pass. (SHB 2541)
  5. First reading, referred to Consumer Protection & Housing. (SHB 2541)
  6. Third reading, passed; yeas, 95; nays, 1; absent, 0; excused, 2. (SHB 2541)
  7. Rules suspended. Placed on Third Reading. (SHB 2541)
  8. 1st substitute bill substituted. (SHB 2541)
  9. 1st substitute bill substituted.
  10. Placed on second reading by Rules Committee. (SHB 2541)
  11. Placed on second reading by Rules Committee.
  12. Passed to Rules Committee for second reading. (SHB 2541)
  13. Passed to Rules Committee for second reading.
  14. JUDI - Majority; 1st substitute bill be substituted, do pass. (SHB 2541)
  15. JUDI - Majority; 1st substitute bill be substituted, do pass.
  16. JUDI - Executive action taken by committee.
  17. First reading, referred to Judiciary.
  18. Prefiled for introduction.

HB 2541 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

Report wrong or missing information on this page