South Carolina General Assembly
125th Session, 2023-2024

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H. 3259

STATUS INFORMATION

General Bill
Sponsors: Reps. King and B. Newton
Document Path: LC-0057PH23.docx

Introduced in the House on January 10, 2023
Currently residing in the House Committee on Labor, Commerce and Industry

Summary: Homeowners association

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number
12/8/2022 House Prefiled
12/8/2022 House Referred to Committee on Labor, Commerce and Industry
1/10/2023 House Introduced and read first time (House Journal-page 112)
1/10/2023 House Referred to Committee on Labor, Commerce and Industry (House Journal-page 112)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/08/2022



A bill

TO AMEND THE south carolina CODE OF LAWS BY ADDING SECTION 27-30-135 SO AS to require A HOMEOWNERS ASSOCIATION to send copies of the annual operating budget and operating expenses to homeowners and to submit THE ANNUAL OPERATING BUDGET TO THE DEPARTMENT OF CONSUMER AFFAIRS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.   Article 1, Chapter 30, Title 27 of the S.C. Code is amended by adding:

   Section 27-30-135.   (A) The board of a homeowners association must send a copy of its annual operating budget to each homeowner no later than ten days after the beginning of the fiscal year.

   (B) No later than ten days after the end of the first, second, or third quarter of a fiscal year, the board must send an updated copy of the annual operating budget to each homeowner showing:

      (1) an itemized list of all expenditures made in the fiscal year; and

      (2) the amount of funds collected as fines and the allocation of these funds.

   (C) The board must file a copy of the annual operating budget and the quarterly updated copies of the annual operating budget with the Department of Consumer Affairs. The department must retain these records for no less than five years.

SECTION 2.   This act takes effect upon approval by the Governor.

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This web page was last updated on May 28, 2024 at 12:47 PM