SF 44: Relating to access to unit owners associations’ financial information and meeting minutes

What it does

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.

Senate subcommittee · named January 17, 2023

• Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
• Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
• Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov

Lobbying · 2 for, 4 against

For: HOA Reform Coaltion; Iowa Association of Realtors

Against: David Scott; Greater Iowa Apartment Association; Hubbell Realty Company; Iowa State Bar Association

In plain words

1. January 11, 2023Filed in the Senate and sent to the Commerce committee
2. January 17, 2023Senate subcommittee named: Bousselot, Bisignano and Rowley
3. January 23, 2023Subcommittee recommended passing it
4. March 6, 2023Approved by the Senate committee, and given a new number: SF 518