SB 1742 — Condominium and Cooperative Associations

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 decisions in fulfillingother itsinvestments dutyupon toa managemajority operatingvote andof reservethe fundsvoting interests of the association;

authorizing an association, including a multicondominium association, to invest reserve funds in specified financial institutions;

authorizing such associations to place reserve funds in other investments upon a majority vote of the voting interests of the association;

prohibiting an investment adviser from being related to any board member, community management company, reserve study provider, or co-owner of a unit withowner; a board member or investment committee member;

providingrequiring that the investment and Pagefiduciary 5standards ofrequired 141by CODING:the act take precedence over any conflicting law;

requiring the investment committee to recommend a replacement adviser if the committee determines that an investment adviser is not meeting requirements;

requiring the association to provide the investment adviser with specified financial information at least once each Page 4 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 fiduciarycalendar standardsyear, requiredor bysooner theif acta takesubstantial precedencefinancial overobligation anyof conflictingthe law;association becomes known to the board;

requiring the investment committee to recommend a replacement adviser if the committee determines that an investment adviser is not meeting requirements;

requiring the association to provide the investment adviser with specified financial information at least once each calendar year, or sooner if a substantial financial obligation of the association becomes known to the board;

authorizing the Pageinvestment 6adviser ofto 141withdraw CODING:investment fees, expenses, and commissions from invested funds;

requiring the investment adviser to annually provide the association with a written certification of compliance with this section and provide the association with a list of certain stocks, securities, and other obligations;

requiring the investment Page 5 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 investment adviser to withdrawsubmit investmentmonthly, fees,quarterly, expenses, and commissionsannual fromreports investedto funds;the association, prepared in accordance with established financial industry standards;

requiring the investment adviser to annually provide the association with a written certification of compliance with certain provisions and provide the association with a list of certain stocks, securities, and other obligations;

requiring the investment adviser to submit monthly, quarterly, and annual reports to the association, prepared in accordance with established financial industry standards;

authorizing an association board meeting to be conducted in person or by videovideoconference; conference;

prohibiting a board member from participating in any meeting of the association via videoconference more than a specified number of times each calendar year;

requiring that notice for board meetings conducted via videovideoconference conference contain specific information;

authorizing a unit owner to vote electronically if the unit owner meeting is conducted via videovideoconference; Page 7 of 141 CODING:

authorizing unit owner meetings to be conducted in person or via videoconference;

specifying what constitutes a quorum for meetings held via videoconference;

requiring that the location of the Page 6 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 conference;meeting be provided in the association bylaws or within a specified distance from the condominium property if the bylaws are silent;

authorizingrequiring unitthat owner meetings toheld via videoconference be conductedrecorded inand personbe ormaintained viaas videoan conference;official record of the association;

specifying what constitutes a quorum for meetings held via video conference;

requiring that the location of the meeting be provided in the association bylaws or within a specified distance from the condominium property if the bylaws are silent;

requiring that meetings held via video conference be recorded and be maintained as an official record of the association;

authorizing budget meetings to be conducted via videovideoconference; conference;

revising the criteria used in determining whether assessments exceed the specified percentage of assessments of the previousprior fiscal year;

authorizing the Pagemembers 8to vote to waive the maintenance of 141reserves CODING:recommended in the most recent structural integrity reserve study under certain circumstances;

revising the provision that any Page 7 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 membersassociation, torather votethan an association operating a multicondominium, may determine to waiveprovide theno maintenancereserves ofor less reserves recommendedthan inrequired theif mostan recentalternative structuralfunding integritymethod reserveis studyused underby certainthe circumstances;association;

revising the provision that any association, rather than an association operating a multicondominium, may determine to provide no reserves or less reserves than required if an alternative funding method is used by the association;

providingauthorizing thata specifiedunit-owner-controlled reservesassociation mayto beobtain fundeda byline regularof assessments,credit specialin assessments,lieu lines of credit,maintaining reserves for budgets adopted on or loansbefore undera certainspecified circumstances;date upon a majority vote of the association;

authorizingrequiring a unit- owner-controlled association that issuch required to have a structural reserve study to obtain a line of credit orbe asufficient loan to fundmeet capitalthe expensesassociation’s requireddeferred bymaintenance aobligations milestonenot inspectionfunded orin athe structuralassociation’s integrity reserve study;account for each budget;

requiring that suchfunding from the line of credit or loan be approvedimmediately byavailable afor majorityaccess ofby the totalboard votingfor interestsa ofspecified thepurpose; association;

requiring that such linelines of credit or loan be sufficientincluded toin fund the cumulativeassociation’s amountfinancial ofreport; any previously waived or unfunded portions of the reserve funding amount and the most recent structural integrity reserve study;

requiringdeleting thata fundingrequirement fromthat the linemajority of creditthe ormembers loanmust beapprove immediatelyof availablethe forboard accesspausing bycontributions to the boardassociation’s reserves for a specified purpose;

requiring that such lines of credit or loans be included in the association’s financial report;

deleting a requirement that the majority of the members must approve of the board pausing Page 9 of 141 CODING:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 contributions to the association’s reserves for a specified purpose;

providingPage applicability;8 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 providing applicability;

prohibiting such professionals or contractors from having any interest in or being related to any person having any interest in the firm or entity providing the association’s structural integrity reserve study unless such Pagerelationship 10is ofdisclosed 141in CODING:writing;

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 relationship is disclosed in writing;

requiring that a structuralPage integrity9 reserveof study134 includeCODING: a recommendation for a reserve funding schedule based on specified criteria;

authorizing the study to recommend other types of reserve funding schedules, provided each recommended schedule is sufficient to meet the association’s maintenance obligations;

requiring that reserves not required for certain items be separately identified as such in the structural integrity reserve study;

requiring the structural integrity reserve study to take into consideration the funding method or methods used by the association to fund its maintenance and reserve funding obligations through regular assessments, special assessments, loans, or lines of credit;

requiring a structural integrity reserve study that has been performed before the approval of a special assessment or the securing of a line of credit or a loan to be updated to reflect certain information regarding the reserve funding schedule;

authorizing a structural integrity reserve Page 11 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 studystructural tointegrity bereserve updatedstudy toinclude reflecta changesrecommendation infor thea useful life of the reserve itemsfunding afterschedule suchbased items are repaired or replaced, and the effect of such repair or replacement will have on thespecified reservecriteria; funding schedule;

requiringauthorizing anthe associationstudy to obtainrecommend another updatedtypes structuralof integrity reserve study before adopting any budget in which the reserve funding fromschedules, regularprovided assessments,each specialrecommended assessments,schedule loans,is orsufficient linesto ofmeet credit do not align with the fundingassociation’s planmaintenance ofobligations; the most recent version of the structural integrity reserve study;

requiring that reserves not required for certain items be separately identified as such in the structural integrity reserve study;

requiring all condominium associations to createprovide andspecified maintaininformation anto Pagethe 12division ofby 141a CODING:specified date;

requiring that such information be updated within a Page 10 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 onlinespecified accounttimeframe; with the division;

requiring all condominium associations to provide specified information to the division by a specified date;

requiring that such information be updated within a specified timeframe;

requiring the division to adopt rules;

authorizing the division to require condominium associations to provide information to the division;

31 of chapter 2024-244,2024- 244, Laws of Florida;

requiring a board to use best efforts to make prudent investment decisions in fulfilling its duty to manage operating and reserve funds of the cooperative association;

requiring a board to create an investment committee composed of a specified Pageminimum 13number of 141board CODING:members;

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 minimum number of board members;

requiring the investment committee to recommendPage investment11 advisersof to134 theCODING: board;

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 recommend investment advisers to the board;

prohibiting an investment adviser from being related to any board member, community management company, reserve study provider, or co- owner of a unit withowner; a board member or investment committee member;

providingrequiring that the investment and fiduciary standards required by the act take precedence over any conflicting law;

requiring the investment adviser to annually review such financial information and provide the association with a Pageportfolio 14allocation ofmodel 141that CODING:is suitably structured and prudently designed to match projected annual reserve fund requirements and liability, assets, and liquidity requirements;

requiring the investment adviser to prepare a funding projection for each reserve component, including any of the component’s redundancies;

requiring that a specified minimum timeframe of projected reserves in cash or cash Page 12 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 portfolioequivalents allocationbe modelavailable that is suitably structured and prudently designed to matchthe projectedassociation; annual reserve fund requirements and liability, assets, and liquidity requirements;

requiring the investment adviser to prepare a funding projection for each reserve component, including any of the component’s redundancies;

requiring that a specified minimum timeframe of projected reserves in cash or cash equivalents be available to the association;

requiring the investment adviser to annually provide the association with a written certification of compliance with certainthis provisionssection and provide the association with a list of certain stocks, securities, and other obligations;

requiring that any principal, earnings, or interest Pagemanaged 15be ofavailable 141to CODING:the association at no cost within a specified timeframe after the association’s written or electronic request;

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 managed be available to the association at no cost within a specified timeframe after the association’s written or electronic request;

authorizing the boardassociation tomembers pausePage contributions13 toof its134 reservesCODING: or reduce reserve funding if a local building official determines the entire cooperative building is uninhabitable due to a natural emergency;

authorizing any reserve account fund held by the association to be expended to make the cooperative building and its structures habitable, pursuant to the board’s determination;

requiring the association to immediately resume contributing funds to its reserves once the local building official determines that the cooperative building is habitable;

authorizing certain reserves be funded by regular assessments, special assessments, lines of credit, or loans under certain circumstances;

authorizing a unit- owner-controlled association to obtain a line of credit or a loan to fund capital expenses required by a milestone inspection or a structural integrity reserve study;

requiring that such lines of credit or loans be approved by a majority vote of the total voting interests of the association;

requiring that such lines of credit or loans be sufficient to fund the cumulative amount of any previously waived or Page 16 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 unfundedto portionvote ofto waive the reservemaintenance fundingof amountreserves andrecommended by the most recent structural integrity reserve study;study under certain circumstances;

requiringauthorizing thatthe fundingboard fromto suchpause linescontributions ofto creditits reserves or loansreduce bereserve immediatelyfunding availableif fora accesslocal bybuilding official determines the boardentire forcondominium building is uninhabitable due to a specifiednatural purpose;emergency;

authorizing any reserve account fund held by the association to be expended to make the condominium building and its structures habitable, pursuant to the board’s determination;

requiring the association to immediately resume contributing funds to its reserves once the local building official determines that the condominium building is habitable;

authorizing a unit- owner-controlled association to obtain a line of credit in lieu of maintaining reserves for budgets adopted on or before a specified date upon a majority vote of the association;

requiring that such line of credit be sufficient to meet the association’s deferred maintenance obligations not funded in the association’s reserve account for each budget;

requiring that funding from the line of credit be immediately available for access by the board for a specified purpose;

requiring that such temporaryPage pause14 or reduction be approved by a majority of the134 totalCODING: voting interests of the association;

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 temporary pause or reduction be approved by a majority of the total voting interests of the association;

prohibiting such professionals or contractors from having any interest in or being related to any person having any interest in the firm or entity providing the association’s Pagestructural 17integrity ofreserve 141study CODING:unless such relationship is disclosed in writing;

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 structural integrity reserve study unless such relationship is disclosed in writing;

providing that such professional or contractor may be subject to discipline for his or her failure to providePage such15 writtenof disclosure;134 CODING:

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 provide such written disclosure;

requiring the structural integrity reserve study to take into consideration the funding method or methods used by the association to fund its maintenance and reserve funding obligations through regular assessments, special assessments, lines of credit, or loans;

requiring a structural integrity reserve study that has been performed before the approval of a special assessment or the securing of a line of credit or a loan to be updated to reflect certain information regarding the reserve funding Page 18 of 141 CODING:

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 schedule;

authorizing a structural integrity reserve study to be updated to reflect changes in the useful life of the reserve items after such items are repaired or replaced, and the effect of such repair or replacement will have on the reserve funding schedule;

requiring an association to obtain an updated structural integrity reserve study before adopting any budget in which the reserve funding from regular assessments, special assessments, lines of credit, or loans do not align with the funding plan of the most recent version of the structural integrity reserve study;

requiring the division to adoptadopt, by rulerule, the form for the structural integrity reserve study in coordination with the Florida Building Commission;

authorizingrequiring theall division to require cooperative associations to provide information tospecified by the division noin morean thanelectronic onceformat perto year;be determined by the division;

providingspecifying anthe exception;information that must be updated with the division within a specified timeframe;

requiringamending thes. Page 19 of 141 CODING:

719.503, Page 16 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 divisionF.S.; to provide associations a specified timeframe to provide any required information;

specifying the information the division may request;

amending s.

719.503, F.S.;

718.504(7)(a) and (21)(c)(21)(c), and 718.618(1)(d), F.S., relating to prospectus or offering circulars and converter reserve accounts and warranties, respectively, to incorporate the amendment made to s.

Paragraph (h) is added to subsection (2) of Pagesection 20468.432, ofFlorida 141Statutes, CODING:and subsection (3) is added to that section, to read:

468.432 Licensure of community association managers and Page 17 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 sectioncommunity 468.432,association Floridamanagement Statutes,firms; and subsection (3) is added to that section, to read:

468.432 Licensure of community association managers and community association management firms;

(h) A person who has had his or her community association manager license revoked may not have an indirect or direct ownership interest in, or be an employee, a partner, an officer, a director, or a trustee of, a community association management firm during the 10-year period after the effective date of the revocation.

(3) A licensee must createprovide andon maintainhis anor her online licensure account witheach community association for which the department.licensee provides community association management services and whether the community association is a condominium association under chapter 718, a cooperative association under chapter 719, or a homeowners’ association under chapter 720.

Each community association manager must identify on his or her online licensure account the community association management firm for which he or she provides management services and identify each community association for which he or she is the designated on-site community association manager.

AIf a community association manager has his or her license suspended or revoked, the division must give written notice of such suspension or revocation to the community association management firm and the community association for which the manager Page 2118 of 141134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 associationperforms management firm must identify on its online licensure account the community association managers that it employs to provide community association management services.

If a community association manager has his or her license suspended or revoked, the department must give written notice of such suspension or revocation to the community association management firm and the community association for which the manager performs community management services.

A community association manager or a community association management firm may not knowingly perform any act directed by the community association if such an act violates any state or federal law.

(b) If a community association manager or a community association management firm has a contract with a community Pageassociation 22that ofis 141subject CODING:to the milestone inspection requirements in s.

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 association that is subject to the milestone inspection requirements in s.

(c) Each contract between a community association and a communityPage association19 manager or community association management firm for community association management services must include the following written statement in at least 12- point type, if applicable to the type of management134 servicesCODING: provided in the contract:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 community association manager or community association management firm for community association management services must include the following written statement in at least 12- point type:

(a) Attend in person at least one member meeting or board meeting of the community homeowners’ association annually.

(b) Provide to the members of the community homeowners’ Pageassociation 23the name and contact information for each community association manager or representative of 141a CODING:community association management firm assigned to the community homeowners’ association, the manager’s or representative’s hours of availability, and a summary of the duties for which the manager or representative is responsible.

The community homeowners’ association shall also post this information on the association’s website or mobile application, if the association Page 20 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 associationis therequired name and contact information for each community association manager or representative of a community association management firm assigned to themaintain communityofficial homeowners’records association,on the manager’s or representative’s hours of availability, and a summarywebsite of the duties for which the manager or representativeapplication isrequired responsible.under s.

The community homeowners’ association shall also post this information on the association’s website or mobile application, if the association is required to maintain official records on a website or application required under s.

Subsection (11) and present subsections (12) and (13) of section 553.899, Florida Statutes, areis amended, and paragraphs (e) and (f) are added to subsection (3) andof a new subsection (12) is added to that section, to read:

553.899 Mandatory structural inspections for condominium and cooperative buildings.— (3) (e) On or before October 1, 2025, and on or before each December 31 thereafter, the local enforcement agency responsible for milestone inspections must provide the department, in an Pageelectronic 24format ofdetermined 141by CODING:the department, information that may include, but is not limited to:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 electronic format determined by the department, information that may include, but is not limited to:

The number of buildings required to have a phase two milestonePage inspection.21 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 milestone inspection.

(f) Subject to appropriation, the departmentcommission shall contract with the University of Florida for the purpose of creating a report that provides comprehensive data, evaluation, and analysis on the milestone inspections performed throughout this state during each calendar year or other time period approved by the department.commission.

Every local enforcement agency responsible for milestone inspections must provide the university with a copy of any phase one or phase two milestone inspection report by the date specified by the departmentcommission in a manner prescribed by the university.

The university may request any additional Pageinformation 25from ofa 141local CODING:enforcement agency which the university requires to complete this report.

The university shall compile the report, and the department shall transmit the report to the Governor, the President of the Senate, and the Speaker of the House of Representatives.

(11) A board of county commissioners or municipal governing body shall may adopt an ordinance requiring that a condominium or cooperative association and any other owner that is subject to this section schedule or commence repairs for substantial Page 22 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 informationstructural fromdeterioration within a specified timeframe after the local enforcement agency whichreceives thea universityphase requirestwo toinspection completereport; this report.

The university shall compile the report, and the department shall transmit the report to the Governor, the President of the Senate, and the Speaker of the House of Representatives.

(11) A board of county commissioners or municipal governing body shall may adopt an ordinance requiring that a condominium or cooperative association and any other owner that is subject to this section schedule or commence repairs for substantial structural deterioration within a specified timeframe after the local enforcement agency receives a phase two inspection report;

(12)Section A4. licensed architect or engineer who bids to perform a milestone inspection must disclose in writing to the association his or her intent to bid on any services related to any maintenance, repair, or replacement which may be recommended by the milestone inspection.

AnyPresent designsubsections professional(33) and (34) of section 718.103, Florida Statutes, are redesignated as definedsubsections in(34) s.and (35), respectively, a new subsection (33) is added to that subsection, and subsection (1) of that section is amended, to read:

558.002(7) or contractor licensed under chapter 489 who submits a bid to the association for performing any services recommended by the milestone inspection may not have an interest, directly or indirectly, in the firm or entity providing the milestone inspection or be a relative of any person having a direct or indirect interest in such firm, unless Page 26 of 141 CODING:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 such relationship is disclosed to the association in writing.

As used in this section, the term “relative” means a relative within the third degree of consanguinity by blood or marriage.

A contract for services is voidable and terminates upon the association filing a written notice terminating the contract if the design professional or licensed contractor failed to provide the written disclosure of the relationship required under this subsection.

A design professional or licensed contractor may be subject to discipline under the applicable practice act for his or her profession for failure to provide the written disclosure of the relationship required under this subsection.

(13)(12) By December 31, 2024, the Florida Building Commission shall adopt rules pursuant to ss.

120.536(1) and 120.54 to establish a building safety program for the implementation of this section within the Florida Building Code:

Existing Building.

The building inspection program must, at minimum, include inspection criteria, testing protocols, standardized inspection and reporting forms that are adaptable to an electronic format, and record maintenance requirements for the local authority.

(14)(13) The Florida Building Commission shall consult with the State Fire Marshal to provide recommendations to the Legislature for the adoption of comprehensive structural and life safety standards for maintaining and inspecting all types of buildings and structures in this state that are three stories or more in height.

The commission shall provide a written report of its recommendations to the Governor, the President of the Senate, and the Speaker of the House of Representatives by December 31, 2023.

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 Section 4.

Present subsections (33) and (34) of section 718.103, Florida Statutes, are redesignated as subsections (34) and (35), respectively, a new subsection (33) is added to that section, and subsection (1) of that section is amended, to read:

(33) “Video“Videoconference” conference” means a real-time audio and video- based meeting between two or more people in different locations usingPage video-enabled23 andof audio-enabled134 devices.CODING:

The notice for any meeting that will be conducted by video conference must have a hyperlink and call-in conference telephone number for unit owners to attend the meeting and must have a physical location where unit owners can also attend the meeting in person.

All meetings conducted by video conference must be recorded and such recording must be maintained as an official record of the association.

Section 5.

Paragraphs (a) and (g) of subsection (12) and subsection (13) of section 718.111, Florida Statutes, are Page 28 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 amended,using paragraphsvideo-enabled (g), (h), and (i)audio-enabled aredevices. added to subsection (3) of that section, and subsection (16) is added to that section, to read:

The notice for any meeting that will be conducted by videoconference must have a hyperlink and call-in conference telephone number for unit owners to attend the meeting and must have a physical location where unit owners can also attend the meeting in person.

All meetings conducted by videoconference must be recorded and such recording must be maintained as an official record of the association.

Section 5.

Paragraphs (a) and (g) of subsection (12) and subsection (13) of section 718.111, Florida Statutes, are amended, and paragraphs (g) and (h) are added to subsection (3) of that section, and subsection (16) is added to that section, to read:

(h) If a community association manager hasor hisa orcommunity herassociation management firm has its license suspended or revoked during the term of a contract with the association, the associationPage may24 terminate the contract upon delivery of a134 writtenCODING: notice to the community association manager whose license has been revoked or suspended, effective on the date the community association manager became unlicensed.

(i) If a community association management firm has its license suspended or revoked during the term of a contract with the association, the association has the right to terminate the contract upon delivery of a written notice to the community association management firm whose license has been revoked or suspended, effective on the date the community association management firm became unlicensed.

Page 29 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 (12)association OFFICIALshall RECORDS.—have (a)no Fromfurther thecontractual inceptionobligations ofto the association,community theassociation manager or community association shallmanagement maintainfirm eachwhose oflicense thehas followingbeen items,revoked ifor applicable,suspended, whicheffective constituteson the officialdate recordswhich of the association:community association manager or community association management firm became unlicensed.

(12) OFFICIAL RECORDS.— (a) From the inception of the association, the association shall maintain each of the following items, if applicable, which constitutes the official records of the association:

A book or books or electronic records that contain the minutes of all meetings of the association, the board of administration, any committee, and the unit owners, and a recording of all such meetings that are conducted by videovideoconference. conference.

If there are approved minutes for a meeting held by video conference, recordings of meetings that are conducted by video conference must be maintained for at least 1 year after the date the video recording is posted as required under paragraph (g).

The association shall also maintain the e-mail addresses and facsimile numbers of unit owners consentingPage to25 receiveof notice134 byCODING: electronic transmission.

In Page 30 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 accordanceconsenting with sub-subparagraph (c)5.e., the e-mail addresses and facsimile numbers are only accessible to unit owners if consent to receive notice by electronic transmissiontransmission. is provided, or if the unit owner has expressly indicated that such personal information can be shared with other unit owners and the unit owner has not provided the association with a request to opt out of such dissemination with other unit owners.

In accordance with sub-subparagraph (c)5.e., the e-mail addresses and facsimile numbers are only accessible to unit owners if consent to receive notice by electronic transmission is provided, or if the unit owner has expressly indicated that such personal information can be shared with other unit owners and the unit owner has not provided the association with a request to opt out of such dissemination with other unit owners.

Accounting records for the association and separate accounting records for each condominium that the association operates.Page 26 of 134 CODING:

Any person who knowingly or intentionally defaces or Page 31 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 destroysoperates. such records, or who knowingly or intentionally fails to create or maintain such records, with the intent of causing harm to the association or one or more of its members, is personally subject to a civil penalty pursuant to s.

Any person who knowingly or intentionally defaces or destroys such records, or who knowingly or intentionally fails to create or maintain such records, with the intent of causing harm to the association or one or more of its members, is personally subject to a civil penalty pursuant to s.

Ballots, sign-in sheets, voting proxies, and all other papers and electronic records relating to voting by unit owners, which must be maintained for 1 year from the date of the election, vote, or meeting to which the document relates, notwithstandingPage paragraph27 (b).of 134 CODING:

Page 32 of 141 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 13.notwithstanding paragraph (b).

13.

21.21.20.

A copy of all investment policy statements adopted pursuant to paragraph (16)(c), and all financial statements related to the association’s investment of funds under subsection (16).

22.20.

Unless a shorter period is otherwise required, a document must be made available on the association’s website or made available for download through an application on a mobile device within 30 days after the Page 3328 of 141134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 otherwise required, a document must be made available on the association’s website or made available for download through an application on a mobile device within 30 days after the association receives or creates an official record specified in subparagraph 2.

The recorded declaration of condominium of each condominium operated by the association and each amendment to Pageeach 34declaration. of 141 CODING:

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 each declaration.

c.Page 29 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 c.

f.f.e.

The video recording or a hyperlink to the video recording for all meetings of the association, the board of administration, any committee, and the unit owners which are conducted by video conference over the preceding 12 months.

g.e.

h.f.g.f.

i.g.h.g.

Pagei.h. 35 of 141 CODING:

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 j.h.

k.i.j.i.

l.j.Page 30 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 k.j.

m.k.l.k.

n.l.m.l.

o.m.n.m.

p.n.o.n.

The association’s most recent structural integrity Pagereserve 36study, ofif 141applicable. CODING:

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 reserve study, if applicable.

q.o.

r.q.

s.

A copy of all investment policy statements adopted pursuant to paragraph (16)(c), and all financial statements related to the association’s investment of funds under subsection (16).

The association shall ensure that the information and records described in paragraph (c), which are not allowed to be accessible to unit owners, are not posted on the association’s websitePage or31 application.of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 website or application.

(13) FINANCIAL REPORTING.—Within 90 days after the end of the fiscal year, or annually on a date provided in the bylaws, the association shall prepare and complete, or contract for the preparation and completion of, a financial report for the Pagepreceding 37fiscal ofyear. 141 CODING:

Within 21 days after the final financial report is completed by the association or received from the third party, but not later than 120 days after the end of the fiscal year or other date as provided in the bylaws, the association shall deliver to each unit owner by United States mail or personal delivery at the mailing address, property address, e-mail address, or facsimile number provided to fulfill the association’s notice requirements, a copy of the most recent financial report, and a notice that a copy of the most recent financial report will be, as requested by the owner, mailed, or hand delivered, or electronically delivered via the Internet to Page 32 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 precedingthe fiscalunit year.owner, without charge, within 5 business days after receipt of a written request from the unit owner.

Within 21 days after the final financial report is completed by the association or received from the third party, but not later than 180 120 days after the end of the fiscal year or other date as provided in the bylaws, the association shall deliver to each unit owner by United States mail or personal delivery at the mailing address, property address, e-mail address, or facsimile number provided to fulfill the association’s notice requirements, a copy of the most recent financial report, or and a notice that a copy of the most recent financial report will be, as requested by the owner, mailed, or hand delivered, or electronically delivered via the Internet to the unit owner, without charge, within 5 business days after receipt of a written request from the unit owner.

(a) An association that meets the criteria of this Pageparagraph 38shall prepare a complete set of 141financial CODING:statements in accordance with generally accepted accounting principles.

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 paragraph shall prepare a complete set of financial statements in accordance with generally accepted accounting principles.

An association with total annual revenues of $500,000 or morePage shall33 prepareof audited134 financialCODING: statements.

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 more shall prepare audited financial statements.

Page1. 39 of 141 CODING:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 1.

(d) If approved by a majority vote of all the voting interests present at a properly called meeting of the association, an association may prepare:

1.Page 34 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 1.

996 Such meeting and approval must occur before the end of the fiscal year and is effective only for the fiscal year in which the vote is taken.

If the developer has not turned over control of the association, all unit owners, including the developer, may vote on issues related to the preparation of the association’s financial reports, from the date of incorporation of the association through the end of the second fiscal year after the fiscal year Pagein 40which the certificate of 141a CODING:surveyor and mapper is recorded pursuant to s.

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 in which the certificate of a surveyor and mapper is recorded pursuant to s.

(e) A unit owner may provide written notice to the division ofPage the35 association’s failure to mail or hand deliver him or her a copy of the134 mostCODING: recent financial report within 5 business days after he or she submitted a written request to the association for a copy of such report.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 of the association’s failure to mail or hand deliver him or her a copy of the most recent financial report within 5 business days after he or she submitted a written request to the association for a copy of such report.

Page(16) 41INVESTMENT OF ASSOCIATION FUNDS.— (a) A board shall, in fulfilling its duty to manage operating and reserve funds of 141its CODING:association, use best efforts to make prudent investment decisions that carefully consider risk and return in an effort to maximize returns on invested funds.

(b) An association, including a multicondominium association, may invest reserve funds in one or any combination of certificates of deposit or in depository accounts at a community bank, savings bank, commercial bank, savings and loan association, or credit union.

Upon a majority vote of the voting Page 36 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 (16)interests, INVESTMENTan OFassociation ASSOCIATIONmay FUNDS.—invest (a)reserve Afunds board shall, in fulfillinginvestments itsother dutythan tocertificates manage operating and reserve funds of itsdeposit association,or usedepository bestaccounts effortsat toa makecommunity prudentbank, investmentsavings decisionsbank, thatcommercial carefullybank, considersavings risk and returnloan inassociation, anor effortcredit tounion, maximizeprovided returnsthe onassociation investedcomplies funds.with paragraphs (c)-(g).

(b) An association, including a multicondominium association, may invest reserve funds in one or any combination of certificates of deposit or in depository accounts at a community bank, savings bank, commercial bank, savings and loan association, or credit union.

Upon a majority vote of the voting interests, an association may invest reserve funds in investments other than certificates of deposit or depository accounts at a community bank, savings bank, commercial bank, savings and loan association, or credit union, provided the association complies with paragraphs (c)-(g).

The board shall also adopt rules for invested funds, including, but not limited to, rules requiring periodic reviews of any investment manager’s performance, the development of an investment policy statement, and that all meetings of the investment committee be recorded and made part of the official Pagerecords 42 of 141the CODING:association.

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 records of the association.

(d) The investment committee shall recommend investment advisersPage to37 the board, and the board shall select one of the134 recommendedCODING: investment advisers to provide services to the association.

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 advisers to the board, and the board shall select one of the recommended investment advisers to provide services to the association.

The selected investment adviser and any representative or association of the investment adviser may not be related by affinity or consanguinity to, or under common ownership with, any board member, community management company, reserve study provider, or co-owner of a unit withowner. a board member or investment committee member.

If at any time the investment committee determines that an investment adviser does not meet the requirements of this section, the investment Pagecommittee 43must ofrecommend 141a CODING:replacement investment adviser to the board.

(e) At least once each calendar year, or sooner if a substantial financial obligation of the association becomes known to the board, the association must provide the investment adviser with the association’s investment policy statement, the most recent reserve study report, the association’s structural integrity report, and the financial reports prepared pursuant to subsection (13).

If there is no recent reserve study report, the association must provide the investment adviser with a good faith estimate disclosing the annual amount of reserve funds necessary for the association to fund reserves fully for the Page 38 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 committeelife mustof recommendeach areserve replacementcomponent investmentand advisereach tocomponent’s theredundancies. board.

(e) At least once each calendar year, or sooner if a substantial financial obligation of the association becomes known to the board, the association must provide the investment adviser with the association’s investment policy statement, the most recent reserve study report, the association’s structural integrity report, and the financial reports prepared pursuant to subsection (13).

If there is no recent reserve study report, the association must provide the investment adviser with a good faith estimate disclosing the annual amount of reserve funds necessary for the association to fund reserves fully for the life of each reserve component and each component’s redundancies.

215.472, as determined by Pagethe 44investment ofadviser. 141 CODING:

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 the investment adviser.

Submit monthly, quarterly, and annual reports to the associationPage which39 areof prepared134 inCODING: accordance with established financial industry standards and in accordance with chapter 517.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 association which are prepared in accordance with established financial industry standards and in accordance with chapter 517.

Any surplus of funds thatwhich exceeds the amount required to maintain reasonably funded reserves must be managed pursuant to s.

718.112 Bylaws.— (2) REQUIRED PROVISIONS.—The bylaws shall provide for the following and, if they do not do so, shall be deemed to include Pagethe 45following: of 141 CODING:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 the following:

Except as specifically otherwise provided herein, unit owners in a residential condominium may not vote by general proxy,Page but40 mayof vote134 byCODING: limited proxies substantially conforming to a limited proxy form adopted by the division.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 proxy, but may vote by limited proxies substantially conforming to a limited proxy form adopted by the division.

General proxies may be used for other matters for which limited proxies are not required, and may be Pageused 46in ofvoting 141for CODING:nonsubstantive changes to items for which a limited proxy is required and given.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 used in voting for nonsubstantive changes to items for which a limited proxy is required and given.

Each proxy is revocable at any time at the pleasure of the unit owner executingPage it.41 of 134 CODING:

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 executing it.

A board meeting may be conducted in person or by videovideoconference. conference.

A board member may not participate in any meeting of the association, including unit owner meetings, by videoconference more than two times in a calendar year.

(c) Board of administration meetings.—In a residential Pagecondominium 47association of 141more CODING:than 10 units, the board of administration shall meet at least once each quarter.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 condominium association of more than 10 units, the board of administration shall meet at least once each quarter.

The right to attendPage such42 meetings includes the right to speak at such meetings with reference to all designated agenda items and the right to ask questions relating to reports on the status of construction134 orCODING: repair projects, the status of revenues and expenditures during the current fiscal year, and other issues affecting the condominium.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 attend such meetings includes the right to speak at such meetings with reference to all designated agenda items and the right to ask questions relating to reports on the status of construction or repair projects, the status of revenues and expenditures during the current fiscal year, and other issues affecting the condominium.

If the board meeting is to be conducted via videovideoconference, conference, the notice must state that such meeting will be via videovideoconference conference and must include a hyperlink and a conference telephone number for unit owners to attend the meeting via videovideoconference, conference, as well as the address of the physical location where the unit owners can attend the meeting in person.

If the meeting is conducted via Pagevideoconference, 48it must be recorded and such recording must be maintained as an official record of 141the CODING:association.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 video conference, it must be recorded and such recording must be maintained as an official record of the association.

Such emergency action must be noticed and ratifiedPage at43 theof next134 regularCODING: board meeting.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 ratified at the next regular board meeting.

In lieu of or in addition to the physical posting of the notice on the condominium property and mailing, delivering, or electronically transmitting the notice, the association may, by reasonable rule, adopt a procedure for conspicuously posting and Pagerepeatedly 49broadcasting ofthe 141notice CODING:and the agenda on a closed- circuit cable television system serving the condominium association.

However, if broadcast notice is used in lieu of a notice physically posted on condominium property, the notice and agenda must be broadcast at least four times every broadcast hour of each day that a posted notice is otherwise required under this section.

If broadcast notice is provided, the notice and agenda must be broadcast in a manner and for a sufficient continuous length of time so as to allow an average reader to Page 44 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 repeatedlyobserve broadcasting the notice and theread agendaand oncomprehend athe closed-entire circuitcontent cableof televisionthe systemnotice servingand the condominiumagenda. association.

However, if broadcast notice is used in lieu of a notice physically posted on condominium property, the notice and agenda must be broadcast at least four times every broadcast hour of each day that a posted notice is otherwise required under this section.

If broadcast notice is provided, the notice and agenda must be broadcast in a manner and for a sufficient continuous length of time so as to allow an average reader to observe the notice and read and comprehend the entire content of the notice and the agenda.

If an agenda item relates to the approval of a contract for goods or services, a copy of the contract must be Pageprovided 50with ofthe 141notice CODING:and be made available for inspection and copying upon a written request from a unit owner or made available on the association’s website or through an application that can be downloaded on a mobile device.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 provided with the notice and be made available for inspection and copying upon a written request from a unit owner or made available on the association’s website or through an application that can be downloaded on a mobile device.

Meetings of a committee that does not take final action on behalf of the board or make recommendations to the board regarding the association budgetPage are45 subject to this section, unless those meetings are exempted from this section by the bylaws of the134 association.CODING:

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 budget are subject to this section, unless those meetings are exempted from this section by the bylaws of the association.

An annual meeting of the unit owners must be held at the location provided in the association bylaws and, if the bylaws are silent as to the location, the meeting must be held within 1510 miles 45 miles of the condominium property or within the same county as the condominium property.

If a unit owner meeting is conducted via videovideoconference, conference, a unit owner may vote electronically in the Pagemanner 51provided ofin 141s. CODING:

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 manner provided in s.

Unit owner meetings, including the annual meeting of the unit owners, may be conducted in person or via videovideoconference. conference.

If the annual meeting of the unit owners is conducted via videovideoconference, conference, a quorum of the members of the board of administration must be physically present at the physical location where unit owners can attend the meeting.

If the unit owner meeting isPage conducted46 via video conference, the video conference must be recorded and such recording must be maintained as an official record of the134 association.CODING:

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 is conducted via videoconference, the videoconference must be recorded and such recording must be maintained as an official record of the association.

Board Pagemembers 52may ofserve 141terms CODING:longer than 1 year if permitted by the bylaws or articles of incorporation.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 members may serve terms longer than 1 year if permitted by the bylaws or articles of incorporation.

If the number of board members whose terms expire at the annual meeting equals or exceeds the number of candidates, the candidatesPage become47 members of the134 boardCODING: effective upon the adjournment of the annual meeting.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 candidates become members of the board effective upon the adjournment of the annual meeting.

A person who has been suspended or Pageremoved 53by the division under this chapter, or who is delinquent in the payment of 141any CODING:assessment due to the association, is not eligible to be a candidate for board membership and may not be listed on the ballot.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 removed by the division under this chapter, or who is delinquent in the payment of any assessment due to the association, is not eligible to be a candidate for board membership and may not be listed on the ballot.

A person who has been convicted of anyPage felony48 in this state or in a United States District or Territorial Court, or who has been convicted of any134 offenseCODING: in another jurisdiction which would be considered a felony if committed in this state, is not eligible for board membership unless such felon’s civil rights have been restored for at least 5 years as of the date such person seeks election to the board.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 any felony in this state or in a United States District or Territorial Court, or who has been convicted of any offense in another jurisdiction which would be considered a felony if committed in this state, is not eligible for board membership unless such felon’s civil rights have been restored for at least 5 years as of the date such person seeks election to the board.

Written notice of a meeting other than an annual meeting must Pageinclude 54an ofagenda; 141 CODING:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 include an agenda;

Upon notice to the unit owners, the board shall, by duly adopted rule, designate a specific location on the condominium property or association property at which all notices of unit owner meetings must be posted.Page 49 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 posted.

In addition to any of the authorized means of providing notice of a meeting of the board, the association may, by rule, adopt a procedure for conspicuously posting the meeting notice and the agenda on a website serving the condominium association for at least the Pageminimum 55period of 141time CODING:for which a notice of a meeting is also required to be physically posted on the condominium property.

Any rule adopted shall, in addition to other matters, include a requirement that the association send an electronic notice in the same manner as a notice for a meeting of the members, which must include a hyperlink to the website at which the notice is posted, to unit owners whose e-mail addresses are included in the association’s official records.

Unless a unit owner waives in writing the right to receive notice of the annual meeting, such notice must be hand delivered, mailed, or electronically Page 50 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 minimumtransmitted period of time for which a notice of a meeting is also required to beeach physicallyunit postedowner. on the condominium property.

Any rule adopted shall, in addition to other matters, include a requirement that the association send an electronic notice in the same manner as a notice for a meeting of the members, which must include a hyperlink to the website at which the notice is posted, to unit owners whose e-mail addresses are included in the association’s official records.

Unless a unit owner waives in writing the right to receive notice of the annual meeting, such notice must be hand delivered, mailed, or electronically transmitted to each unit owner.

Proxies may not be used in electing the board in general elections or elections to fill vacancies caused by recall, resignation, or Pageotherwise, 56unless ofotherwise 141provided CODING:in this chapter.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 otherwise, unless otherwise provided in this chapter.

A unit owner or other eligible person desiring to be a candidate for the board must givePage written51 notice of his134 orCODING: her intent to be a candidate to the association at least 40 days before a scheduled election.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 give written notice of his or her intent to be a candidate to the association at least 40 days before a scheduled election.

The division shall by rule establish voting procedures consistent with this sub-subparagraph, including rules establishing procedures for Pagegiving 57notice ofby 141electronic CODING:transmission and rules providing for the secrecy of ballots.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 giving notice by electronic transmission and rules providing for the secrecy of ballots.

101.051 may obtain such assistance.Page 52 of 134 CODING:

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Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 assistance.

The educational curriculum must be at least 4 hours long and include instruction on milestone inspections, structural integrity reserve studies, elections, Pagerecordkeeping, 58financial literacy and transparency, levying of 141fines, CODING:and notice and meeting requirements.

Each newly elected or appointed director must submit to the secretary of the association the written certification and educational certificate within 1 year before being elected or appointed or 90 days after the date of election or appointment.

A director of an association of a residential condominium who was elected or appointed before July 1, 2024, must comply with the written certification and educational certificate Page 53 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 recordkeeping,requirements financialin literacythis andsub-subparagraph transparency,by levyingJune of30, fines,2025. and notice and meeting requirements.

Each newly elected or appointed director must submit to the secretary of the association the written certification and educational certificate within 1 year before being elected or appointed or 90 days after the date of election or appointment.

A director of an association of a residential condominium who was elected or appointed before July 1, 2024, must comply with the written certification and educational certificate requirements in this sub-subparagraph by June 30, 2025.

One year after submission of the most recent written certification and educational certificate, and annually thereafter, a director of an association of a residential condominium must submit to the secretary of the association a certificate of having satisfactorily completed at least 1 hour of continuing education administered by the division, or a division-approved condominium education provider, relating to any recent changes to this chapter and the related Pageadministrative 59rules ofduring 141the CODING:past year.

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words underlined are additions.

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 administrative rules during the past year.

FailurePage to54 have such written certification and educational certificate on file does not affect the validity of any134 boardCODING: action.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 Failure to have such written certification and educational certificate on file does not affect the validity of any board action.

unit owner meetings, except unit owner meetings called to recall board Pagemembers 60under ofparagraph 141(l); CODING:

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Florida Senate - 2025 CS for CS for SB 1742 601-03618-25 20251742c2 members under paragraph (l);

However, the association may adopt reasonable rules governing thePage frequency,55 duration, and manner of unit134 ownerCODING: participation.

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words underlined are additions.

Florida Senate - 2025 CS for SB 1742 580-02868-25 20251742c1 the frequency, duration, and manner of unit owner participation.

This chapter does not limit the use of general or Pagelimited 61proxies, require the use of 141general CODING:or limited proxies, or require the use of a written ballot or voting machine for any agenda item or election at any meeting of a timeshare condominium association or nonresidential condominium association.

Notwithstanding subparagraph (b)2.

and sub-subparagraph 4.a., an association of 10 or fewer units may, by affirmative vote of a majority of the total voting interests, provide for different voting and election procedures in its bylaws, which may be by a Page 56 of 134 CODING:

Florida Senate - 2025 CS for CS for SB 1742 601-03618-25580-02868-25 20251742c220251742c1 limitedproxy proxies,specifically requiredelineating the usedifferent of general or limited proxies, or require the use of a written ballot or voting machineand for any agenda item or election atprocedures. any meeting of a timeshare condominium association or nonresidential condominium association.

Notwithstanding subparagraph (b)2.