An HOA board can raise dues by adopting a budget owners never approved. This bill requires the membership to ratify the association's budget, giving owners a check on how much the board can spend and charge.
In short: Requires the membership to ratify the HOA's annual budget.
Passed House only Pro-homeowner
that is not included in the declaration or community documents' authorized use of that account without prior authorization from the unit owners or members. (Sec. 3, 6) 5. Instructs the Board of Directors, prior to the implementation and assessment of an approved budget, to notice and call an informational special meeting to answer and address questions of unit owners or members. (Sec. 3, 6) 6. Outlines a procedure for circumstances involving unanticipated and unbudgeted operating expenses. (Sec. 3, 6) 7. Requires the unit owners or members to ratify, by a majority vote of all allocated votes in the association, or a larger percentage if required by the declaration or community document
Effective: General effective date — 90 days after the Legislature adjourns sine die.
The A.R.S. sections this bill amends, adds, or repeals — from the bill text. Click a highlighted one to read the current law.
Official bill page (azleg.gov) → Full bill text → Fact sheet / summary → Bill history (LegiScan) →