Bills › 90th General Assembly
Relating to access to unit owners associations’ financial information and meeting minutes
Topics:Business & economy
Where it is now
- Done: IntroducedJanuary 11, 2023
- Done: SubcommitteeJanuary 17, 2023
- Done: Senate committeeMarch 6, 2023
- Done: Passes the SenateApril 25, 202349–0
- Skipped: House committeeSkipped
- Done: Passes the HouseMarch 7, 202398–0
- Done: To the GovernorMay 9, 2023
- Done: Signed into lawJune 1, 2023
Became SF 518 → Its progress continues under the new number. Go to SF 518 What’s a funnel?
What’s in it
This bill relates to access to unit owners associations’ financial information and meeting minutes. Under the bill, a unit owners association is an organization of unit owners in a common interest community, including a planned community, a cooperative under Code chapter 499A, or a horizontal property regime under Code chapter 499B. certain records and documents (records) as specified in the bill. All records retained by an association must be available for examination and copying by a unit owner or the unit owner’s authorized agent during reasonable business hours or at a mutually convenient time and location upon five days’ notice that reasonably identifies the specific records being requested.
Read the full explanation
All records retained by an association must also be available for examination and copying by a bona fide prospective purchaser of a unit or the prospective purchaser’s authorized agent upon two days’ notice. Records that may be excluded from being made available for examination and copying are detailed in the bill. An association is prohibited from charging a fee for either copies of the records or for supervising the inspection of the records. The right to inspect records includes the right to copy records by photocopying or other means and to receive copies via encrypted electronic transmission, if available. An association is not obligated to compile or synthesize records, and the bill prohibits the records from being used for commercial purposes.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text · What changed before it passed
Senate subcommittee
Named January 17, 2023. On January 23, 2023 it recommended passage. [].
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
2 for · 4 against · 9 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.