Sunday, June 19, 2005

New Joisey: More on the pending adoption of the Uniform Common Interest Ownership Act
Fred Pilot sends the link to this update...

A bill being considered by the state Senate that would change the way homeowners associations operate received mixed reaction from residents of Rossmoor on Wednesday.
The bill, called the Uniform Common Interest Ownership Act, would create uniform practices in the areas of alternative dispute resolution, bidding and elections.
If approved, the bill will require homeowners association board meetings, including work sessions, to be open to the public, public forums would be required in any meeting where votes are held and elections would have to be tabulated unanimously and run independently.
In addition, executive boards would be required to explain to their constituents why they accepted a bid, however they need not select the lowest bidder.

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