WA People
BILL · 2015–16 SESSION

SB 5860: Homeowners' associations

Concerning audits of certain homeowners' associations' financial statements.

Summary

  • Unless waived by owner vote, HOAs with annual assessments of $100,000 or more must have their financial statements audited at least annually by an independent certified public accountant.

From the Senate Bill Report (SB 5860), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedFeb 6, 2015
  2. Out of committeeFeb 20, 2015
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Kirk Pearson (R-39)
Introduced
February 6, 2015 in the Senate
Last action
March 10, 2016

AN ACT Relating to homeowners' association financial statements;

Sponsors

Prime sponsor: Kirk Pearson (R-39)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. Senate Rules "X" file.
  3. Moved to Rules White Sheet.
  4. By resolution, reintroduced and retained in present status.
  5. By resolution, reintroduced and retained in present status.
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status.
  8. Senate Rules "X" file.
  9. Passed to Rules Committee for second reading.
  10. FI - Majority; do pass.
  11. First reading, referred to Financial Institutions & Insurance.

SB 5860 in other sessions

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

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