financial reporting requirements

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Lost in all of the controversy surrounding the recent amendments to Florida’s laws governing community associations–and, in particular, the changes to condominium association laws enacted by House Bill 1237–were revisions to the financial reporting requirements for condominium and cooperative associations.

House Bill 6027 became effective on July 1 and amends provisions of Chapters 718…

ROC managers, board members and the professionals that advise them quite often long for the "good old days" when the Florida Statutes governing condominium associations (Chapter 718) and cooperative associations (Chapter 719) were almost identical in provisions concerning elections, eligibility to run for the board, and waivers of financial reporting requirements. 

Those days are, for…