Florida Senate - 2021                        COMMITTEE AMENDMENT
       Bill No. CS for SB 630
                              LEGISLATIVE ACTION                        
                    Senate             .             House              

       The Committee on Rules (Hutson) recommended the following:
    1         Senate Amendment (with directory and title amendments)
    3         Between lines 2493 and 2494
    4  insert:
    5         (i)1.While a developer is in control of a homeowners’
    6  association, the developer may, but is not required to, include
    7  reserves in the budget. If the developer includes reserves in
    8  the budget, the developer may determine the amount of reserves
    9  included. The developer is not obligated to pay for:
   10         a.Contributions to reserve accounts for capital
   11  expenditures and deferred maintenance, as well as any other
   12  reserves that the homeowners association or the developer may
   13  be required to fund pursuant to any state, municipal, county, or
   14  other governmental statute or ordinance;
   15         b.Operating expenses; or
   16         c.Any other assessments related to the developer’s parcels
   17  for any period of time for which the developer has provided in
   18  the declaration that in lieu of paying any assessments imposed
   19  on any parcel owned by the developer, the developer need only
   20  pay the deficit, if any, in any fiscal year of the association,
   21  between the total amount of the assessments receivable from
   22  other members plus any other association income and the lesser
   23  of the budgeted or actual expenses incurred by the association
   24  during such fiscal year.
   25         2.This paragraph applies to all homeowners’ associations
   26  existing on or created after July 1, 2021.
   28  ====== D I R E C T O R Y  C L A U S E  A M E N D M E N T ======
   29  And the directory clause is amended as follows:
   30         Delete lines 2255 - 2257
   31  and insert:
   32  subsection, paragraph (i) is added to subsection (6) of that
   33  section, and paragraph (c) of subsection (2), paragraph (c) of
   34  subsection (5), paragraphs (c) and (d) of subsection (6), and
   35  paragraphs (b), (d), (g), (k), and (l) of subsection (10) of
   36  that section are
   38  ================= T I T L E  A M E N D M E N T ================
   39  And the title is amended as follows:
   40         Delete line 84
   41  and insert:
   42         reserve accounts; authorizing certain developers to
   43         include reserves in the budget; specifying the
   44         developers are not obligated to pay for certain
   45         expenses; providing applicability; revising the
   46         procedure to challenge