Senator J.B. Jennings proposes legislation to enhance flexibility, alter provisions of reserve funds
ANNAPOLIS, MD—Senator J.B. Jennings introduced Senate Bill 787 – Cooperative Housing Corporations and Condominiums- Funding of Reserve Accounts and Timing of Reserve Studies, a measure aimed at enhancing the financial planning flexibility of cooperative housing corporations and residential condominiums in Maryland. The bill aims to update existing laws governing reserve studies and funding requirements, ensuring a more balanced approach to […]