AB 952 California Assembly Bill - INTRODUCED
Existing law places
specified limitations on the amount by which the board may increase
regular assessments, and levy special assessments, without a vote
complying with certain procedural requirements. Existing law exempts
assessments for emergency situations, as described, from these
limitations.
This bill would, in addition, prohibit the board of directors from
imposing a special assessment, including an emergency assessment, or
an increase in the regular assessment of more than 2% on units that
are required by law to be provided to low- or moderate-income
purchasers without a vote of the owners of those units in accordance
with specified procedural requirements.
1 comment:
So now the California legislature is prepared to exercise its judgement on how and when an association should pay its bills. 2% per year results in continually decreasing spending power as the CPI has been historically substantially more than 2%.
Maybe this would make more sense to me if we could get the 50 state legislatures and the federal congress to agree to a 2% cap on the growth of government budgets and our taxes.
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