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The Florida Senate

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.

Effective Date: 7/1/2021
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
Senate Committee References:
  1. Regulated Industries (RI)
  2. Community Affairs (CA)
  3. Rules (RC)



Bill History

Date Chamber Action
2/22/2021 Senate • Filed
3/2/2021 Senate • Referred to Regulated Industries; Community Affairs; Rules -SJ 144
• Introduced -SJ 144
3/11/2021 Senate • On Committee agenda-- Regulated Industries, 03/16/21, 3:30 pm, 412 Knott Building
3/16/2021 Senate • Favorable by Regulated Industries; YEAS 8 NAYS 0 -SJ 270
3/17/2021 Senate • Now in Community Affairs
3/19/2021 Senate • On Committee agenda-- Community Affairs, 03/24/21, 8:30 am, 37 Senate Building
3/24/2021 Senate • CS by Community Affairs; YEAS 8 NAYS 0 -SJ 313
3/25/2021 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Community Affairs read 1st time -SJ 319
3/29/2021 Senate • Now in Rules
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)