15RS House Bill 531

House Bill 531

Actions

Last Action	to Local Government (H)
Title	AN ACT relating to planned communities.
Bill Documents	Bill
Bill Request Number	1248
Sponsor	S. Riggs
Summary of Original Version	Create new sections of KRS Chapter 381 to create definitions for planned communities which exclude condominiums; limit application to communities created after effective date or, for existing communities, apply only to events occurring after the effective date; set minimum content for planned community bylaws; require establishment of owner’s association and board of directors and specify methods to transfer developer control to association; establish procedures for calling, conducting, and voting in association meetings; specify powers, duties and limitations on association board of directors; establish procedures for calling and conducting executive board meetings; impose standards on the discharge of board duties and create a cause of action for failure to perform duties; process for amending declaration and bylaws; establish process for adopting budget and making financial reports; require financial disclosure documents with the sale of a unit or lot; require minimum maintenance and repair of common areas; specify rights in regard to common areas; allow regular and special assessments on lots; provide for use of surplus funds; allow liens for nonpayment of fees; create a cause of action for violations of covenants, conditions, or restrictions; specify tort and contractual liabilities; set out process for serving a summons on an association; specify board authority to respond to condemnation under eminent domain; determine construction and purposes of the Act.
Index Headings of Original Version	Planning and Zoning - Planned communities, owners associations, rights and obligations Property - Planned communities, owners associations, rights and obligations Public Records and Reports - Planned communities, recording declarations and bylaws Real Estate - Planned communities, owners associations, rights and obligations Associations - Planned communities, owners associations, rights and obligations Cities - Planned communities, owners associations, rights and obligations Civil Actions - Planned communities, unit owners associations Civil Procedure - Planned communites, recording with county clerk Consumer Affairs - Planned communities, unit owners associations Contracts - Planned communities, recording declarations and bylaws Counties - Planned communities, owners associations, rights and obligations County Clerks - Planned communities, recording declarations and bylaws Courts - Planned communities, owners associations, rights and obligations Deeds and Conveyances - Planned communities, owners associations, rights and obligations Eminent Domain and Condemnation - Planned communities, owners associations, rights and obligations Housing, Building, and Construction - Planned communities, owners associations, rights and obligations Land Use - Planned communities, owners associations, rights and obligations Liens - Planned communities, unit owners associations Local Government - Planned communities, owners associations, rights and obligations

02/23/15	introduced in House
02/24/15	to Local Government (H)