CS/SB 1490: Investments by Condominium Associations
GENERAL BILL by Community Affairs ; Pizzo
Investments by Condominium Associations; Requiring condominium associations to maintain a copy of their investment policy statement as an official record; requiring certain association boards to obtain prior approval before investing funds in certain investment products, annually develop an investment policy statement, and select an investment adviser who meets specified requirements; requiring investment advisers to act as association fiduciaries; exempting registered investment advisers from certain provisions relating to contracts for products and services, etc.
Last Action: 4/30/2021 Senate - Died in Rules, companion bill(s) passed, see CS/CS/SB 56 (Ch. 2021-91), CS/CS/SB 630 (Ch. 2021-99)
Bill Text: Web Page | PDF
• Referred to Regulated Industries; Community Affairs; Rules -SJ 144
• Introduced -SJ 144
• On Committee agenda-- Regulated Industries, 03/16/21, 3:30 pm, 412 Knott Building
• Favorable by Regulated Industries; YEAS 8 NAYS 0 -SJ 270
• Now in Community Affairs
• On Committee agenda-- Community Affairs, 03/24/21, 8:30 am, 37 Senate Building
• CS by Community Affairs; YEAS 8 NAYS 0 -SJ 313
• Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Community Affairs read 1st time -SJ 319
• Now in Rules
• Died in Rules, companion bill(s) passed, see CS/CS/SB 56 (Ch. 2021-91), CS/CS/SB 630 (Ch. 2021-99)
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