19RS SB 21

Senate Bill 21

Actions

Last Action	02/26/19: returned to Judiciary (S)
Title	AN ACT relating to common interest communities.
Bill Documents	Introduced
Fiscal Impact Statement	Local Mandate
Bill Request Number	108
Sponsor	R. Alvarado
Summary of Original Version	Create new sections of KRS Chapter 381 to establish definitions for common interest communities which exclude condominiums; prohibit waiver of rights conferred by the bill; impose good faith obligation; establish a requirement to record a declaration for a common interest community with county clerks and set minimum contents of the declaration; limit application to communities created after the effective date or, for existing communities, apply only to events occurring after the effective date; specify that agreements between communities do not create a separate common interest community; require establishment of a unit owners association and specify methods of transfer of developer control to an association; set minimum powers of unit owners associations and boards; set duties and powers of board members; establish minimum requirements for recorded bylaws regarding board and association procedures; establish procedures for calling and conducting association meetings; establish procedures for calling and conducting executive board meetings; define quorum for meetings; create and limit voting methods for unit owners; limit foreclosure action by unit owners association; require records to be kept by association and determine methods of publicizing records; establish procedure for adopting and amending policy rules within the community; specify methods of providing notice to community members; provide for removal of executive board members; require budget and special assessment adoption and publication; allow cause of action to enforce rights and obligations; apply supplemental principles of law and equity.
Index Headings of Original Version	County Clerks - Common interest communities, recording declarations and bylaws Courts - Common interest communities, unit owners associations, rights and obligations Deeds and Conveyances - Common interest communities, unit owners associations, rights and obligations Housing, Building, and Construction - Common interest communities, unit owners associations, rights and obligations Land Use - Common interest communities, unit owners associations, rights and obligations Liens - Common interest communites, foreclosure limits Local Government - Common interest communities, unit owners associations, rights and obligations Planning and Zoning - Common interest communities, unit owners associations, rights and obligations Property - Common interest communities, unit owners associations, rights and obligations Public Records and Reports - Common interest communities, recording declarations and bylaws Public Records and Reports - Common interest communities, unit owners associations, records required Real Estate - Common interest communities, unit owners associations, rights and obligations Associations - Common interest communities, unit owners associations, rights and obligations Cities - Common interest communities, unit owners associations, rights and obligations Civil Procedure - Common interest communites, recording with county clerk Consumer Affairs - Common interest communities, unit owners associations Contracts - Common interest communities, recording declarations and bylaws Counties - Common interest communities, unit owners associations, rights and obligations Local Mandate - Common interest communities, unit owners associations, rights and obligations

12/14/18	Prefiled by the sponsor(s).
01/08/19	introduced in Senate to Judiciary (S)
02/25/19	taken from Judiciary (S) 1st reading returned to Judiciary (S)
02/26/19	taken from Judiciary (S) 2nd reading returned to Judiciary (S)