| Last Action | 03/17/22: recommitted to Judiciary (S) |
|---|---|
| Title | AN ACT relating to residential communities. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Local Mandate |
| Bill Request Number | 30 |
| Sponsor | R. Alvarado |
| Summary of Original Version | Create new sections of KRS Chapter 381 to define terms related to planned communities; require planned communities to file a declaration in the office of the county clerk or clerks where the planned community is located; provide for homeowners' associations duties and responsibilities; provide for owners' and prospective purchasers' or their agents' right to examine and copy certain records of the homeowners' association; provide for annual assessments of each lot to be equal unless established otherwise in the declaration or the governing documents of the homeowners' association; provide guidelines for revitalization of defunct declarations and homeowners' associations; establish guidelines for civil liabilities of planned communities and homeowners' association; provide for damages to be paid to homeowners' associations when any portion of a common area is taken or damaged under the power of eminent domain; provide that a homeowners' association shall not prohibit the outdoor display of political yard signs from 30 days before any primary, regular election, or special election until seven days after that election. |
| Index Headings of Original Version |
Elections and Voting - Political yard signs, display on private property subject to a homeowners' association Land Use - Planned communities, rights and responsibilities Property - Planned communities, rights and responsibilities Property - Political yard signs, display on private property subject to a homeowners' association Real Estate - Planned communities, rights and responsibilities Associations - Planned communities, rights and responsibilities Local Mandate - Planned communities, rights and responsibilities |
| Jump to Proposed Amendments | Senate Floor Amendment 1 |
| 02/18/22 |
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|---|---|
| 02/22/22 |
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| 03/03/22 |
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| 03/04/22 |
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| 03/10/22 |
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| 03/17/22 |
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| Amendment | Senate Floor Amendment 1 |
|---|---|
| Sponsor | R. Alvarado |
| Summary | Retain original provisions; add a provision that owners of a planned community may amend a declaration either in writing or in a meeting called for that purpose that is effective upon filing in the county clerk in which the planned community is located; amend the fee provisions that an association may charge to a reasonable fee for retrieval of historical documents and documents requested by a prospective purchaser or his or her agent; amend the six months revival provision of a planned community to within six months of knowledge of the formal cessation of the previous homeowners' association; amend KRS 381.870 to allow adjustments approved by a majority of the co-owners under the Horizontal Property Law. |
| Index Headings |
County Clerks - Planned communities, filing of declaration Deeds and Conveyances - Planned communities, horizontal property law Housing, Building, and Construction - Planned communities, horizontal property law Land Use - Planned communities, horizontal property law Property - Planned communities, horizontal property law Real Estate - Planned communities, horizontal property law Associations - Planned communities, horizontal property law |
Last updated: 2/8/2023 2:57 PM (EST)