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
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:
- Regulated Industries (RI)
- Community Affairs (CA)
- 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) |
