Florida Senate - 2022                                    SB 1942
       
       
        
       By Senator Pizzo
       
       
       
       
       
       38-00161-22                                           20221942__
    1                        A bill to be entitled                      
    2         An act relating to condominium and cooperative
    3         associations; amending s. 553.73, F.S.; requiring that
    4         the Florida Building Code require enhanced
    5         waterproofing measures for certain elements of
    6         community associations; defining the term “enhanced
    7         waterproofing measures”; amending ss. 718.112 and
    8         719.106, F.S.; prohibiting a developer or condominium
    9         or cooperative association, respectively, from waiving
   10         or reducing the amount of its reserve funds; requiring
   11         elected or appointed board members to complete an
   12         educational curriculum within a specified time and
   13         submit a certificate of completion to the secretary of
   14         the association; requiring the secretary to maintain
   15         the certificate for a certain length of time;
   16         requiring the association to maintain a separate
   17         reserve account for items recognized in the Life
   18         Safety Code; prohibiting reserve funds for life safety
   19         requirements to be comingled with other reserve funds;
   20         deleting an exception; requiring the board to hire a
   21         licensed engineer or engineering firm to conduct an
   22         inspection and prepare a reserve study for a specified
   23         purpose at certain times; requiring the board of
   24         directors to provide a copy of the reserve study and a
   25         certain report or financial statement to the local
   26         authority having jurisdiction within a specified time;
   27         deleting an authorization for a developer to waive or
   28         reduce reserves under certain conditions; requiring
   29         construction and renovation of a residential
   30         condominium building or residential cooperative
   31         building to comply with the Florida Building Code;
   32         requiring the board to hire a licensed structural
   33         engineer to conduct an annual inspection of
   34         association property; requiring the local authority
   35         having jurisdiction to issue a specified notice once a
   36         residential condominium building or residential
   37         cooperative building reaches a certain age; requiring
   38         the board to hire a licensed architect or engineer to
   39         conduct a structural and electrical recertification
   40         inspection of the condominium or cooperative building
   41         within a specified time after receipt of such notice;
   42         requiring the licensed architect or engineer to
   43         analyze certain parts of the condominium or
   44         cooperative building for the recertification
   45         inspection; requiring the licensed architect or
   46         engineer to certify a report explaining what type of
   47         inspection was completed and any remedial actions
   48         needed; requiring the board to provide a copy of the
   49         report to the local authority having jurisdiction
   50         within a specified time; requiring any repairs or
   51         modification noted in the report to be completed
   52         within a specified time; requiring the board to
   53         provide a completion report to the local authority
   54         having jurisdiction within a specified time after any
   55         remedial action is completed; authorizing the local
   56         authority having jurisdiction to order a mandatory
   57         evacuation of the residential condominium or
   58         residential cooperative under certain circumstances;
   59         providing remedies and civil penalties; requiring a
   60         recertification inspection at certain intervals
   61         thereafter; conforming provisions to changes made by
   62         the act; amending ss. 718.503 and 719.503, F.S.;
   63         revising the documents that must be delivered to a
   64         prospective buyer or lessee of a residential unit;
   65         revising the clause that must be included in a
   66         contract for the resale of a residential unit;
   67         amending s. 718.618, F.S.; conforming provisions to
   68         changes made by the act; amending s. 718.706, F.S.;
   69         prohibiting a bulk assignee on behalf of an
   70         association from waiving or reducing the amount of
   71         reserve funds; amending s. 719.103, F.S.; revising
   72         definitions of the terms “board of administration” and
   73         “common areas”; providing an effective date.
   74          
   75  Be It Enacted by the Legislature of the State of Florida:
   76  
   77         Section 1. Present subsection (20) of section 553.73,
   78  Florida Statutes, is redesignated as subsection (21), and a new
   79  subsection (20) is added to that section, to read:
   80         553.73 Florida Building Code.—
   81         (20)The Florida Building Code must require enhanced
   82  waterproofing measures for all construction and renovations of
   83  parking garages and swimming pool decks serving a condominium
   84  association, cooperative association, or homeowners’
   85  association. For purposes of this subsection, the term “enhanced
   86  waterproofing measures” means that all waterproofing measures
   87  taken must last for at least 20 years.
   88         Section 2. Paragraphs (b), (d), and (f) of subsection (2)
   89  of section 718.112, Florida Statutes, are amended, and paragraph
   90  (p) is added to subsection (2) of that section, to read:
   91         718.112 Bylaws.—
   92         (2) REQUIRED PROVISIONS.—The bylaws shall provide for the
   93  following and, if they do not do so, shall be deemed to include
   94  the following:
   95         (b) Quorum; voting requirements; proxies.—
   96         1. Unless a lower number is provided in the bylaws, the
   97  percentage of voting interests required to constitute a quorum
   98  at a meeting of the members is a majority of the voting
   99  interests. Unless otherwise provided in this chapter or in the
  100  declaration, articles of incorporation, or bylaws, and except as
  101  provided in subparagraph (d)4., decisions must shall be made by
  102  a majority of the voting interests represented at a meeting at
  103  which a quorum is present.
  104         2. Except as specifically otherwise provided herein, unit
  105  owners in a residential condominium may not vote by general
  106  proxy, but may vote by limited proxies substantially conforming
  107  to a limited proxy form adopted by the division. A voting
  108  interest or consent right allocated to a unit owned by the
  109  association may not be exercised or considered for any purpose,
  110  whether for a quorum, an election, or otherwise. Limited proxies
  111  and general proxies may be used to establish a quorum. Limited
  112  proxies must shall be used for votes taken to waive or reduce
  113  reserves in accordance with subparagraph (f)2.; for votes taken
  114  to waive the financial reporting requirements of s. 718.111(13);
  115  for votes taken to amend the declaration pursuant to s. 718.110;
  116  for votes taken to amend the articles of incorporation or bylaws
  117  pursuant to this section; and for any other matter for which
  118  this chapter requires or permits a vote of the unit owners.
  119  Except as provided in paragraph (d), a proxy, whether limited or
  120  general, may not be used in the election of board members in a
  121  residential condominium. General proxies may be used for other
  122  matters for which limited proxies are not required, and may be
  123  used in voting for nonsubstantive changes to items for which a
  124  limited proxy is required and given. Notwithstanding this
  125  subparagraph, unit owners may vote in person at unit owner
  126  meetings. This subparagraph does not limit the use of general
  127  proxies or require the use of limited proxies for any agenda
  128  item or election at any meeting of a timeshare condominium
  129  association or a nonresidential condominium association.
  130         3. A proxy given is effective only for the specific meeting
  131  for which originally given and any lawfully adjourned meetings
  132  thereof. A proxy is not valid longer than 90 days after the date
  133  of the first meeting for which it was given. Every Each proxy is
  134  revocable at any time at the pleasure of the unit owner
  135  executing it.
  136         4. A member of the board of administration or a committee
  137  may submit in writing his or her agreement or disagreement with
  138  any action taken at a meeting that the member did not attend.
  139  This agreement or disagreement may not be used as a vote for or
  140  against the action taken or to create a quorum.
  141         5. A board or committee member’s participation in a meeting
  142  via telephone, real-time videoconferencing, or similar real-time
  143  electronic or video communication counts toward a quorum, and
  144  such member may vote as if physically present. A speaker must be
  145  used so that the conversation of such members may be heard by
  146  the board or committee members attending in person as well as by
  147  any unit owners present at a meeting.
  148         (d) Unit owner meetings.—
  149         1. An annual meeting of the unit owners must be held at the
  150  location provided in the association bylaws and, if the bylaws
  151  are silent as to the location, the meeting must be held within
  152  45 miles of the condominium property. However, such distance
  153  requirement does not apply to an association governing a
  154  timeshare condominium.
  155         2. Unless the bylaws provide otherwise, a vacancy on the
  156  board caused by the expiration of a director’s term must be
  157  filled by electing a new board member, and the election must be
  158  by secret ballot. An election is not required if the number of
  159  vacancies equals or exceeds the number of candidates. For
  160  purposes of this paragraph, the term “candidate” means an
  161  eligible person who has timely submitted the written notice, as
  162  described in sub-subparagraph 4.a., of his or her intention to
  163  become a candidate. Except in a timeshare or nonresidential
  164  condominium, or if the staggered term of a board member does not
  165  expire until a later annual meeting, or if all members’ terms
  166  would otherwise expire but there are no candidates, the terms of
  167  all board members expire at the annual meeting, and such members
  168  may stand for reelection unless prohibited by the bylaws. Board
  169  members may serve terms longer than 1 year if permitted by the
  170  bylaws or articles of incorporation. A board member may not
  171  serve more than 8 consecutive years unless approved by an
  172  affirmative vote of unit owners representing two-thirds of all
  173  votes cast in the election or unless there are not enough
  174  eligible candidates to fill the vacancies on the board at the
  175  time of the vacancy. Only board service that occurs on or after
  176  July 1, 2018, may be used when calculating a board member’s term
  177  limit. If the number of board members whose terms expire at the
  178  annual meeting equals or exceeds the number of candidates, the
  179  candidates become members of the board effective upon the
  180  adjournment of the annual meeting. Unless the bylaws provide
  181  otherwise, any remaining vacancies shall be filled by the
  182  affirmative vote of the majority of the directors making up the
  183  newly constituted board even if the directors constitute less
  184  than a quorum or there is only one director. In a residential
  185  condominium association of more than 10 units or in a
  186  residential condominium association that does not include
  187  timeshare units or timeshare interests, co-owners of a unit may
  188  not serve as members of the board of directors at the same time
  189  unless they own more than one unit or unless there are not
  190  enough eligible candidates to fill the vacancies on the board at
  191  the time of the vacancy. A unit owner in a residential
  192  condominium desiring to be a candidate for board membership must
  193  comply with sub-subparagraph 4.a. and must be eligible to be a
  194  candidate to serve on the board of directors at the time of the
  195  deadline for submitting a notice of intent to run in order to
  196  have his or her name listed as a proper candidate on the ballot
  197  or to serve on the board. A person who has been suspended or
  198  removed by the division under this chapter, or who is delinquent
  199  in the payment of any assessment due to the association, is not
  200  eligible to be a candidate for board membership and may not be
  201  listed on the ballot. For purposes of this paragraph, a person
  202  is delinquent if a payment is not made by the due date as
  203  specifically identified in the declaration of condominium,
  204  bylaws, or articles of incorporation. If a due date is not
  205  specifically identified in the declaration of condominium,
  206  bylaws, or articles of incorporation, the due date is the first
  207  day of the assessment period. A person who has been convicted of
  208  any felony in this state or in a United States District or
  209  Territorial Court, or who has been convicted of any offense in
  210  another jurisdiction which would be considered a felony if
  211  committed in this state, is not eligible for board membership
  212  unless such felon’s civil rights have been restored for at least
  213  5 years before as of the date such person seeks election to the
  214  board. The validity of an action by the board is not affected if
  215  it is later determined that a board member is ineligible for
  216  board membership due to having been convicted of a felony. This
  217  subparagraph does not limit the term of a member of the board of
  218  a nonresidential or timeshare condominium.
  219         3. The bylaws must provide the method of calling meetings
  220  of unit owners, including annual meetings. Written notice of an
  221  annual meeting must include an agenda; be mailed, hand
  222  delivered, or electronically transmitted to each unit owner at
  223  least 14 days before the annual meeting; and be posted in a
  224  conspicuous place on the condominium property or association
  225  property at least 14 continuous days before the annual meeting.
  226  Written notice of a meeting other than an annual meeting must
  227  include an agenda; be mailed, hand delivered, or electronically
  228  transmitted to each unit owner; and be posted in a conspicuous
  229  place on the condominium property or association property within
  230  the timeframe specified in the bylaws. If the bylaws do not
  231  specify a timeframe for written notice of a meeting other than
  232  an annual meeting, notice must be provided at least 14
  233  continuous days before the meeting. Upon notice to the unit
  234  owners, the board shall, by duly adopted rule, designate a
  235  specific location on the condominium property or association
  236  property where all notices of unit owner meetings must be
  237  posted. This requirement does not apply if there is no
  238  condominium property for posting notices. In lieu of, or in
  239  addition to, the physical posting of meeting notices, the
  240  association may, by reasonable rule, adopt a procedure for
  241  conspicuously posting and repeatedly broadcasting the notice and
  242  the agenda on a closed-circuit cable television system serving
  243  the condominium association. However, if broadcast notice is
  244  used in lieu of a notice posted physically on the condominium
  245  property, the notice and agenda must be broadcast at least four
  246  times every broadcast hour of each day that a posted notice is
  247  otherwise required under this section. If broadcast notice is
  248  provided, the notice and agenda must be broadcast in a manner
  249  and for a sufficient continuous length of time so as to allow an
  250  average reader to observe the notice and read and comprehend the
  251  entire content of the notice and the agenda. In addition to any
  252  of the authorized means of providing notice of a meeting of the
  253  board, the association may, by rule, adopt a procedure for
  254  conspicuously posting the meeting notice and the agenda on a
  255  website serving the condominium association for at least the
  256  minimum period of time for which a notice of a meeting is also
  257  required to be physically posted on the condominium property.
  258  Any rule adopted shall, in addition to other matters, include a
  259  requirement that the association send an electronic notice in
  260  the same manner as a notice for a meeting of the members, which
  261  must include a hyperlink to the website where the notice is
  262  posted, to unit owners whose e-mail addresses are included in
  263  the association’s official records. Unless a unit owner waives
  264  in writing the right to receive notice of the annual meeting,
  265  such notice must be hand delivered, mailed, or electronically
  266  transmitted to each unit owner. Notice for meetings and notice
  267  for all other purposes must be mailed to each unit owner at the
  268  address last furnished to the association by the unit owner, or
  269  hand delivered to each unit owner. However, if a unit is owned
  270  by more than one person, the association must provide notice to
  271  the address that the developer identifies for that purpose and
  272  thereafter as one or more of the owners of the unit advise the
  273  association in writing, or if no address is given or the owners
  274  of the unit do not agree, to the address provided on the deed of
  275  record. An officer of the association, or the manager or other
  276  person providing notice of the association meeting, must provide
  277  an affidavit or United States Postal Service certificate of
  278  mailing, to be included in the official records of the
  279  association affirming that the notice was mailed or hand
  280  delivered in accordance with this provision.
  281         4. The members of the board of a residential condominium
  282  shall be elected by written ballot or voting machine. Proxies
  283  may not be used in electing the board in general elections or
  284  elections to fill vacancies caused by recall, resignation, or
  285  otherwise, unless otherwise provided in this chapter. This
  286  subparagraph does not apply to an association governing a
  287  timeshare condominium.
  288         a. At least 60 days before a scheduled election, the
  289  association shall mail, deliver, or electronically transmit, by
  290  separate association mailing or included in another association
  291  mailing, delivery, or transmission, including regularly
  292  published newsletters, to each unit owner entitled to a vote, a
  293  first notice of the date of the election. A unit owner or other
  294  eligible person desiring to be a candidate for the board must
  295  give written notice of his or her intent to be a candidate to
  296  the association at least 40 days before a scheduled election.
  297  Together with the written notice and agenda as set forth in
  298  subparagraph 3., the association shall mail, deliver, or
  299  electronically transmit a second notice of the election to all
  300  unit owners entitled to vote, together with a ballot that lists
  301  all candidates not less than 14 days or more than 34 days before
  302  the date of the election. Upon request of a candidate, an
  303  information sheet, no larger than 8 1/2 inches by 11 inches,
  304  which must be furnished by the candidate at least 35 days before
  305  the election, must be included with the mailing, delivery, or
  306  transmission of the ballot, with the costs of mailing, delivery,
  307  or electronic transmission and copying to be borne by the
  308  association. The association is not liable for the contents of
  309  the information sheets prepared by the candidates. In order to
  310  reduce costs, the association may print or duplicate the
  311  information sheets on both sides of the paper. The division
  312  shall by rule establish voting procedures consistent with this
  313  sub-subparagraph, including rules establishing procedures for
  314  giving notice by electronic transmission and rules providing for
  315  the secrecy of ballots. Elections shall be decided by a
  316  plurality of ballots cast. There is no quorum requirement;
  317  however, at least 20 percent of the eligible voters must cast a
  318  ballot in order to have a valid election. A unit owner may not
  319  authorize any other person to vote his or her ballot, and any
  320  ballots improperly cast are invalid. A unit owner who violates
  321  this provision may be fined by the association in accordance
  322  with s. 718.303. A unit owner who needs assistance in casting
  323  the ballot for the reasons stated in s. 101.051 may obtain such
  324  assistance. The regular election must occur on the date of the
  325  annual meeting. Notwithstanding this sub-subparagraph, an
  326  election is not required unless more candidates file notices of
  327  intent to run or are nominated than board vacancies exist.
  328         b. Within 90 days after being elected or appointed to the
  329  board of an association of a residential condominium, a each
  330  newly elected or appointed director shall certify in writing to
  331  the secretary of the association that he or she has read the
  332  association’s declaration of condominium, articles of
  333  incorporation, bylaws, and current written policies; that he or
  334  she will work to uphold such documents and policies to the best
  335  of his or her ability; and that he or she will faithfully
  336  discharge his or her fiduciary responsibility to the
  337  association’s members. In addition to lieu of this written
  338  certification, within 90 days after being elected or appointed
  339  to the board, the newly elected or appointed director must may
  340  submit a certificate of having satisfactorily completed the
  341  educational curriculum administered by a division-approved
  342  condominium education provider within 1 year before or 90 days
  343  after the date of election or appointment. The written
  344  certification and or educational certificate is valid and does
  345  not have to be resubmitted as long as the director serves on the
  346  board without interruption. A director of an association of a
  347  residential condominium who fails to timely file the written
  348  certification and or educational certificate is suspended from
  349  service on the board until he or she complies with this sub
  350  subparagraph. The board may temporarily fill the vacancy during
  351  the period of suspension. The secretary of shall cause the
  352  association shall to retain a director’s written certification
  353  and or educational certificate for inspection by the members for
  354  5 years after a director’s election or the duration of the
  355  director’s uninterrupted tenure, whichever is longer. Failure to
  356  have such written certification and or educational certificate
  357  on file does not affect the validity of any board action.
  358         c. Any challenge to the election process must be commenced
  359  within 60 days after the election results are announced.
  360         5. Any approval by unit owners called for by this chapter
  361  or the applicable declaration or bylaws, including, but not
  362  limited to, the approval requirement in s. 718.111(8), must be
  363  made at a duly noticed meeting of unit owners and is subject to
  364  all requirements of this chapter or the applicable condominium
  365  documents relating to unit owner decisionmaking, except that
  366  unit owners may take action by written agreement, without
  367  meetings, on matters for which action by written agreement
  368  without meetings is expressly allowed by the applicable bylaws
  369  or declaration or any law that provides for such action.
  370         6. Unit owners may waive notice of specific meetings if
  371  allowed by the applicable bylaws or declaration or any law.
  372  Notice of meetings of the board of administration, unit owner
  373  meetings, except unit owner meetings called to recall board
  374  members under paragraph (j), and committee meetings may be given
  375  by electronic transmission to unit owners who consent to receive
  376  notice by electronic transmission. A unit owner who consents to
  377  receiving notices by electronic transmission is solely
  378  responsible for removing or bypassing filters that block receipt
  379  of mass e-mails sent to members on behalf of the association in
  380  the course of giving electronic notices.
  381         7. Unit owners have the right to participate in meetings of
  382  unit owners with reference to all designated agenda items.
  383  However, the association may adopt reasonable rules governing
  384  the frequency, duration, and manner of unit owner participation.
  385         8. A unit owner may tape record or videotape a meeting of
  386  the unit owners subject to reasonable rules adopted by the
  387  division.
  388         9. Unless otherwise provided in the bylaws, any vacancy
  389  occurring on the board before the expiration of a term may be
  390  filled by the affirmative vote of the majority of the remaining
  391  directors, even if the remaining directors constitute less than
  392  a quorum, or by the sole remaining director. In the alternative,
  393  a board may hold an election to fill the vacancy, in which case
  394  the election procedures must conform to sub-subparagraph 4.a.
  395  unless the association governs 10 units or fewer and has opted
  396  out of the statutory election process, in which case the bylaws
  397  of the association control. Unless otherwise provided in the
  398  bylaws, a board member appointed or elected under this section
  399  shall fill the vacancy for the unexpired term of the seat being
  400  filled. Filling vacancies created by recall is governed by
  401  paragraph (j) and rules adopted by the division.
  402         10. This chapter does not limit the use of general or
  403  limited proxies, require the use of general or limited proxies,
  404  or require the use of a written ballot or voting machine for any
  405  agenda item or election at any meeting of a timeshare
  406  condominium association or nonresidential condominium
  407  association.
  408  
  409  Notwithstanding subparagraph (b)2. and sub-subparagraph 4.a., an
  410  association of 10 or fewer units may, by affirmative vote of a
  411  majority of the total voting interests, provide for different
  412  voting and election procedures in its bylaws, which may be by a
  413  proxy specifically delineating the different voting and election
  414  procedures. The different voting and election procedures may
  415  provide for elections to be conducted by limited or general
  416  proxy.
  417         (f) Annual budget.—
  418         1. The proposed annual budget of estimated revenues and
  419  expenses must be detailed and must show the amounts budgeted by
  420  accounts and expense classifications, including, at a minimum,
  421  any applicable expenses listed in s. 718.504(21). The board must
  422  shall adopt the annual budget at least 14 days before prior to
  423  the start of the association’s fiscal year. If In the event that
  424  the board fails to timely adopt the annual budget a second time,
  425  it is shall be deemed a minor violation and the prior year’s
  426  budget shall continue in effect until a new budget is adopted. A
  427  multicondominium association must shall adopt a separate budget
  428  of common expenses for each condominium the association operates
  429  and must shall adopt a separate budget of common expenses for
  430  the association. In addition, if the association maintains
  431  limited common elements with the cost to be shared only by those
  432  entitled to use the limited common elements as provided for in
  433  s. 718.113(1), the budget or a schedule attached to it must show
  434  the amount budgeted for this maintenance. If, after turnover of
  435  control of the association to the unit owners, any of the
  436  expenses listed in s. 718.504(21) are not applicable, they need
  437  not be listed.
  438         2.a. In addition to annual operating expenses, the budget
  439  must include reserve accounts for capital expenditures and
  440  deferred maintenance. These accounts must include, but are not
  441  limited to, roof replacement, building painting, and pavement
  442  resurfacing, regardless of the amount of deferred maintenance
  443  expense or replacement cost, and any other item that has a
  444  deferred maintenance expense or replacement cost that exceeds
  445  $10,000. The amount to be reserved must be computed using a
  446  formula based upon estimated remaining useful life and estimated
  447  replacement cost or deferred maintenance expense of each reserve
  448  item. The association may adjust replacement reserve assessments
  449  annually to take into account any changes in estimates or
  450  extension of the useful life of a reserve item caused by
  451  deferred maintenance. The association must maintain a separate
  452  reserve account exclusively for the maintenance and replacement
  453  of items recognized in the Life Safety Code. Life safety
  454  requirements include, but are not limited to, waterproofing
  455  measures; roof and balcony railing maintenance; and fire,
  456  mechanical, electrical, and structural standards. Reserve funds
  457  for other capital expenditures and deferred maintenance may not
  458  be comingled with the reserve funds for life safety expenditures
  459  and maintenance. This subsection does not apply to an adopted
  460  budget in which the members of an association have determined,
  461  by a majority vote at a duly called meeting of the association,
  462  to provide no reserves or less reserves than required by this
  463  subsection.
  464         b. Every 2 years, the board must hire a licensed engineer
  465  or engineering firm qualified to do business in the state to
  466  conduct a reserve study of the property in order to ensure
  467  adequate funding of the association’s reserve accounts. The
  468  engineer or engineering firm must conduct a reasonably competent
  469  and diligent visual inspection of the assessable areas of the
  470  major components that the association is obligated to repair,
  471  replace, restore, or maintain and provide an estimate of the
  472  components’ remaining useful life. The board must provide a copy
  473  of the reserve study, along with a report or financial statement
  474  indicating the amount of money that is currently in the
  475  reserves, to the local authority having jurisdiction within 7
  476  days after the board receives the completed report from the
  477  engineer or engineering firm. Before turnover of control of an
  478  association by a developer to unit owners other than a developer
  479  pursuant to s. 718.301, the developer may vote the voting
  480  interests allocated to its units to waive the reserves or reduce
  481  the funding of reserves through the period expiring at the end
  482  of the second fiscal year after the fiscal year in which the
  483  certificate of a surveyor and mapper is recorded pursuant to s.
  484  718.104(4)(e) or an instrument that transfers title to a unit in
  485  the condominium which is not accompanied by a recorded
  486  assignment of developer rights in favor of the grantee of such
  487  unit is recorded, whichever occurs first, after which time
  488  reserves may be waived or reduced only upon the vote of a
  489  majority of all nondeveloper voting interests voting in person
  490  or by limited proxy at a duly called meeting of the association.
  491  If a meeting of the unit owners has been called to determine
  492  whether to waive or reduce the funding of reserves and no such
  493  result is achieved or a quorum is not attained, the reserves
  494  included in the budget shall go into effect. After the turnover,
  495  the developer may vote its voting interest to waive or reduce
  496  the funding of reserves.
  497         3. Reserve funds and any interest accruing thereon must
  498  shall remain in the reserve account or accounts, and may be used
  499  only for authorized reserve expenditures unless their use for
  500  other purposes is approved in advance by a majority vote at a
  501  duly called meeting of the association. Before turnover of
  502  control of an association by a developer to unit owners other
  503  than the developer pursuant to s. 718.301, the developer
  504  controlled association may not vote to use reserves for purposes
  505  other than those for which they were intended without the
  506  approval of a majority of all nondeveloper voting interests,
  507  voting in person or by limited proxy at a duly called meeting of
  508  the association.
  509         4. The only voting interests that are eligible to vote on
  510  questions that involve waiving or reducing the funding of
  511  reserves, or using existing reserve funds for purposes other
  512  than purposes for which the reserves were intended, are the
  513  voting interests of the units subject to assessment to fund the
  514  reserves in question. Proxy questions relating to waiving or
  515  reducing the funding of reserves or using existing reserve funds
  516  for purposes other than purposes for which the reserves were
  517  intended must contain the following statement in capitalized,
  518  bold letters in a font size larger than any other used on the
  519  face of the proxy ballot: WAIVING OF RESERVES, IN WHOLE OR IN
  520  PART, OR ALLOWING ALTERNATIVE USES OF EXISTING RESERVES MAY
  521  RESULT IN UNIT OWNER LIABILITY FOR PAYMENT OF UNANTICIPATED
  522  SPECIAL ASSESSMENTS REGARDING THOSE ITEMS.
  523         (p)Building construction, renovations, and inspections.
  524  The requirements for the construction and renovation of a
  525  residential condominium building must comply with chapter 553
  526  which pertains to building construction standards, including
  527  plumbing, electrical code, glass, manufactured buildings,
  528  accessibility for persons with disabilities, and the state
  529  minimum building code. An association must ensure compliance
  530  with the Florida Building Code.
  531         1.The board must hire a licensed structural engineer
  532  authorized to practice in the state to conduct an annual
  533  inspection of the association property and its buildings to
  534  ensure the structural stability of the property and buildings.
  535         2.Upon a determination by the local authority having
  536  jurisdiction that a residential condominium building is 20 years
  537  of age or older, the local authority having jurisdiction shall
  538  issue a notice of required recertification inspection to the
  539  association.
  540         3.The board must hire a licensed architect or engineer
  541  authorized to practice in the state within 90 days after receipt
  542  of the notice of required recertification inspection to conduct
  543  an inspection to ensure the building’s structural and electrical
  544  systems are still safe and to provide a recertification report
  545  to the local authority having jurisdiction. A licensed architect
  546  or engineer may only undertake assignments in which he or she is
  547  qualified by training and experience in the specific technical
  548  field involved in the inspection.
  549         4.A licensed architect or engineer shall conduct a
  550  structural recertification inspection of the building by
  551  analyzing, at a minimum, the:
  552         a.Foundation.
  553         b.Floor and roofing systems.
  554         c.Masonry bearing walls.
  555         d.Steel framing systems.
  556         e.Concrete framing systems.
  557         f.Windows.
  558         g.Wood framing.
  559         h.Loading.
  560         5.A licensed architect or engineer shall conduct an
  561  electrical recertification inspection of the building by
  562  analyzing, at a minimum, the:
  563         a.Electric services.
  564         b.Branch circuits.
  565         c.Conduit raceways.
  566         d.Gutters.
  567         e.Electrical panels.
  568         f.Grounding of equipment.
  569         g.Service conductor and cables.
  570         h.Types of wiring methods.
  571         i.Feeder conductors.
  572         j.Parking illumination.
  573         6.The licensed architect or engineer must indicate the
  574  manner and type of inspection conducted that forms the basis of
  575  the recertification report and must describe any matters
  576  identified as needing remedial action. The report must bear the
  577  seal and signature of the certifying architect or engineer. The
  578  board must provide a copy of the report to the local authority
  579  having jurisdiction within 7 days after the board receives the
  580  completed report.
  581         7.a.If the recertification report indicates that repairs
  582  or modifications are necessary, the board has 6 months after
  583  receipt of the recertification report in which to complete the
  584  indicated repairs or modifications, which must be executed in
  585  conformance with the Florida Building Code. Within 7 days after
  586  completion of the repairs or modifications, the board shall
  587  provide a completion report, under seal and signature of a
  588  licensed architect or engineer, to the local authority having
  589  jurisdiction affirming that the remedial action has been
  590  completed.
  591         b.If the local authority having jurisdiction has reason to
  592  believe that the matters indicated in the recertification report
  593  as needing remedial action present a serious threat to the
  594  public health, safety, or welfare, or are irreparable or
  595  irreversible, it may order a mandatory evacuation of the
  596  residential condominium.
  597         8.The local authority having jurisdiction shall issue a
  598  notice of violation if the board does not timely submit the
  599  completion report required under sub-subparagraph 7.a. and must
  600  establish a reasonable time period within which the board must
  601  correct the violation. If the board does not comply with the
  602  notice of violation within the timeframe specified, the local
  603  authority having jurisdiction shall issue the association a
  604  citation resulting in a fine not to exceed $500. However, the
  605  local authority having jurisdiction may specify by ordinance a
  606  fine in an amount exceeding $500, but not exceeding $2,000 a
  607  day. The local authority having jurisdiction may issue a
  608  citation for each day that the association is in violation of
  609  this paragraph.
  610         9.Subsequent recertification inspections must be completed
  611  every 5 years thereafter.
  612         Section 3. Paragraph (b) of subsection (1) and paragraphs
  613  (a) and (c) of subsection (2) of section 718.503, Florida
  614  Statutes, are amended to read:
  615         718.503 Developer disclosure prior to sale; nondeveloper
  616  unit owner disclosure prior to sale; voidability.—
  617         (1) DEVELOPER DISCLOSURE.—
  618         (b) Copies of documents to be furnished to prospective
  619  buyer or lessee.—Until such time as the developer has furnished
  620  the documents listed below to a person who has entered into a
  621  contract to purchase a residential unit or lease it for more
  622  than 5 years, the contract may be voided by that person,
  623  entitling the person to a refund of any deposit together with
  624  interest thereon as provided in s. 718.202. The contract may be
  625  terminated by written notice from the proposed buyer or lessee
  626  delivered to the developer within 15 days after the buyer or
  627  lessee receives all of the documents required by this section.
  628  The developer may not close for 15 days after following the
  629  execution of the agreement and delivery of the documents to the
  630  buyer as evidenced by a signed receipt for documents unless the
  631  buyer is informed in the 15-day voidability period and agrees to
  632  close before prior to the expiration of the 15 days. The
  633  developer shall retain in his or her records a separate
  634  agreement signed by the buyer as proof of the buyer’s agreement
  635  to close before prior to the expiration of the said voidability
  636  period. The developer must retain such Said proof shall be
  637  retained for a period of 5 years after the date of the closing
  638  of the transaction. The documents to be delivered to the
  639  prospective buyer are the prospectus or disclosure statement
  640  with all exhibits, if the development is subject to the
  641  provisions of s. 718.504, or, if not, then copies of the
  642  following which are applicable:
  643         1. The question and answer sheet described in s. 718.504,
  644  and declaration of condominium, or the proposed declaration if
  645  the declaration has not been recorded, which shall include the
  646  certificate of a surveyor approximately representing the
  647  locations required by s. 718.104.
  648         2. The documents creating the association.
  649         3. The bylaws.
  650         4. The ground lease or other underlying lease of the
  651  condominium.
  652         5. The management contract, maintenance contract, and other
  653  contracts for management of the association and operation of the
  654  condominium and facilities used by the unit owners having a
  655  service term in excess of 1 year, and any management contracts
  656  that are renewable.
  657         6. The estimated operating budget for the condominium and a
  658  schedule of expenses for each type of unit, including fees
  659  assessed pursuant to s. 718.113(1) for the maintenance of
  660  limited common elements where such costs are shared only by
  661  those entitled to use the limited common elements.
  662         7. The lease of recreational and other facilities that will
  663  be used only by unit owners of the subject condominium.
  664         8. The lease of recreational and other common facilities
  665  that will be used by unit owners in common with unit owners of
  666  other condominiums.
  667         9. The form of unit lease if the offer is of a leasehold.
  668         10. Any declaration of servitude of properties serving the
  669  condominium but not owned by unit owners or leased to them or
  670  the association.
  671         11. If the development is to be built in phases or if the
  672  association is to manage more than one condominium, a
  673  description of the plan of phase development or the arrangements
  674  for the association to manage two or more condominiums.
  675         12. If the condominium is a conversion of existing
  676  improvements, the statements and disclosure required by s.
  677  718.616.
  678         13. The form of agreement for sale or lease of units.
  679         14. A copy of the floor plan of the unit and the plot plan
  680  showing the location of the residential buildings and the
  681  recreation and other common areas.
  682         15. A copy of all covenants and restrictions that which
  683  will affect the use of the property and which are not contained
  684  in the foregoing.
  685         16. If the developer is required by state or local
  686  authorities to obtain acceptance or approval of any dock or
  687  marina facilities intended to serve the condominium, a copy of
  688  any such acceptance or approval acquired by the time of filing
  689  with the division under s. 718.502(1), or a statement that such
  690  acceptance or approval has not been acquired or received.
  691         17. Evidence demonstrating that the developer has an
  692  ownership, leasehold, or contractual interest in the land upon
  693  which the condominium is to be developed.
  694         18.A copy of the reserve study required under s.
  695  718.112(2)(f), along with a report or financial statement
  696  indicating the status of the reserves.
  697         19.A copy of the recertification report required under s.
  698  718.112(2)(p).
  699         (2) NONDEVELOPER DISCLOSURE.—
  700         (a) Each unit owner who is not a developer as defined by
  701  this chapter must shall comply with the provisions of this
  702  subsection before prior to the sale of his or her unit. Each
  703  prospective purchaser who has entered into a contract for the
  704  purchase of a condominium unit is entitled, at the seller’s
  705  expense, to a current copy of the declaration of condominium,
  706  articles of incorporation of the association, bylaws and rules
  707  of the association, financial information required by s.
  708  718.111, the reserve study and current status of the reserves
  709  required by s. 718.112(2)(f), the recertification report
  710  required by s. 718.112(2)(p), and the document entitled
  711  “Frequently Asked Questions and Answers” required by s. 718.504.
  712  On and after January 1, 2009, The prospective purchaser is shall
  713  also be entitled to receive from the seller a copy of a
  714  governance form. Such form shall be provided by the division
  715  summarizing governance of condominium associations. In addition
  716  to such other information as the division considers helpful to a
  717  prospective purchaser in understanding association governance,
  718  the governance form shall address the following subjects:
  719         1. The role of the board in conducting the day-to-day
  720  affairs of the association on behalf of, and in the best
  721  interests of, the owners.
  722         2. The board’s responsibility to provide advance notice of
  723  board and membership meetings.
  724         3. The rights of owners to attend and speak at board and
  725  membership meetings.
  726         4. The responsibility of the board and of owners with
  727  respect to maintenance of the condominium property.
  728         5. The responsibility of the board and owners to abide by
  729  the condominium documents, this chapter, rules adopted by the
  730  division, and reasonable rules adopted by the board.
  731         6. Owners’ rights to inspect and copy association records
  732  and the limitations on such rights.
  733         7. Remedies available to owners with respect to actions by
  734  the board which may be abusive or beyond the board’s power and
  735  authority.
  736         8. The right of the board to hire a property management
  737  firm, subject to its own primary responsibility for such
  738  management.
  739         9. The responsibility of owners with regard to payment of
  740  regular or special assessments necessary for the operation of
  741  the property and the potential consequences of failure to pay
  742  such assessments.
  743         10. The voting rights of owners.
  744         11. Rights and obligations of the board in enforcement of
  745  rules in the condominium documents and rules adopted by the
  746  board.
  747  
  748  The governance form must shall also include the following
  749  statement in conspicuous type: “This publication is intended as
  750  an informal educational overview of condominium governance. In
  751  the event of a conflict, the provisions of chapter 718, Florida
  752  Statutes, rules adopted by the Division of Florida Condominiums,
  753  Timeshares, and Mobile Homes of the Department of Business and
  754  Professional Regulation, the provisions of the condominium
  755  documents, and reasonable rules adopted by the condominium
  756  association’s board of administration prevail over the contents
  757  of this publication.”
  758         (c) Each contract entered into after July 1, 1992, for the
  759  resale of a residential unit must shall contain in conspicuous
  760  type either:
  761         1. A clause which states: THE BUYER HEREBY ACKNOWLEDGES
  762  THAT HE OR SHE BUYER HAS BEEN PROVIDED A CURRENT COPY OF THE
  763  DECLARATION OF CONDOMINIUM, ARTICLES OF INCORPORATION OF THE
  764  ASSOCIATION, BYLAWS AND RULES OF THE ASSOCIATION, AND A COPY OF
  765  THE MOST RECENT YEAR-END FINANCIAL INFORMATION, INCLUDING THE
  766  RESERVE STUDY AND STATUS OF THE RESERVES, A COPY OF THE
  767  RECERTIFICATION REPORT, AND THE FREQUENTLY ASKED QUESTIONS AND
  768  ANSWERS DOCUMENT MORE THAN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS,
  769  AND LEGAL HOLIDAYS, BEFORE THE PRIOR TO EXECUTION OF THIS
  770  CONTRACT; or
  771         2. A clause which states: THIS AGREEMENT IS VOIDABLE BY
  772  BUYER BY DELIVERING WRITTEN NOTICE OF THE BUYER’S INTENTION TO
  773  CANCEL WITHIN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL
  774  HOLIDAYS, AFTER THE DATE OF EXECUTION OF THIS AGREEMENT BY THE
  775  BUYER AND RECEIPT BY BUYER OF A CURRENT COPY OF THE DECLARATION
  776  OF CONDOMINIUM, ARTICLES OF INCORPORATION, BYLAWS AND RULES OF
  777  THE ASSOCIATION, AND A COPY OF THE MOST RECENT YEAR-END
  778  FINANCIAL INFORMATION, INCLUDING THE RESERVE STUDY AND STATUS OF
  779  THE RESERVES, A COPY OF THE RECERTIFICATION REPORT, AND THE
  780  FREQUENTLY ASKED QUESTIONS AND ANSWERS DOCUMENT IF SO REQUESTED
  781  IN WRITING. ANY PURPORTED WAIVER OF THESE VOIDABILITY RIGHTS
  782  SHALL BE OF NO EFFECT. BUYER MAY EXTEND THE TIME FOR CLOSING FOR
  783  A PERIOD OF NOT MORE THAN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS,
  784  AND LEGAL HOLIDAYS, AFTER THE BUYER RECEIVES THE DOCUMENTS
  785  LISTED ABOVE DECLARATION, ARTICLES OF INCORPORATION, BYLAWS AND
  786  RULES OF THE ASSOCIATION, AND A COPY OF THE MOST RECENT YEAR-END
  787  FINANCIAL INFORMATION AND FREQUENTLY ASKED QUESTIONS AND ANSWERS
  788  DOCUMENT IF REQUESTED IN WRITING. BUYER’S RIGHT TO VOID THIS
  789  AGREEMENT SHALL TERMINATE AT CLOSING.
  790  
  791  A contract that does not conform to the requirements of this
  792  paragraph is voidable at the option of the purchaser before
  793  prior to closing.
  794         Section 4. Paragraph (d) of subsection (1) of section
  795  718.618, Florida Statutes, is amended to read:
  796         718.618 Converter reserve accounts; warranties.—
  797         (1) When existing improvements are converted to ownership
  798  as a residential condominium, the developer shall establish
  799  converter reserve accounts for capital expenditures and deferred
  800  maintenance, or give warranties as provided by subsection (6),
  801  or post a surety bond as provided by subsection (7). The
  802  developer shall fund the converter reserve accounts in amounts
  803  calculated as follows:
  804         (d) In addition to establishing the reserve accounts
  805  specified above, the developer shall establish those other
  806  reserve accounts required by s. 718.112(2)(f), and shall fund
  807  those accounts in accordance with the formula provided therein.
  808  The vote to waive or reduce the funding or reserves required by
  809  s. 718.112(2)(f) does not affect or negate the obligations
  810  arising under this section.
  811         Section 5. Subsection (3) of section 718.706, Florida
  812  Statutes, is amended to read:
  813         718.706 Specific provisions pertaining to offering of units
  814  by a bulk assignee or bulk buyer.—
  815         (3) A bulk assignee, while in control of the board of
  816  administration of the association, may not authorize, on behalf
  817  of the association:
  818         (a) The waiver of reserves or the reduction of funding of
  819  the reserves pursuant to s. 718.112(2)(f)2., unless approved by
  820  a majority of the voting interests not controlled by the
  821  developer, bulk assignee, and bulk buyer; or
  822         (b) The use of reserve expenditures for other purposes
  823  pursuant to s. 718.112(2)(f)3., unless approved by a majority of
  824  the voting interests not controlled by the developer, bulk
  825  assignee, and bulk buyer.
  826         Section 6. Subsections (3), (7), and (8) of section
  827  719.103, Florida Statutes, are amended, to read:
  828         719.103 Definitions.—As used in this chapter:
  829         (3) “Board of administration” or “board” means the board of
  830  directors or other representative body responsible for
  831  administration of the association.
  832         (7) “Common areas” means the portions of the cooperative
  833  property not included in the units. The term
  834         (8)“Common areas” includes within its meaning the
  835  following:
  836         (a)The cooperative property which is not included within
  837  the units.
  838         (a)(b) Easements through units for conduits, ducts,
  839  plumbing, wiring, and other facilities for the furnishing of
  840  utility services to units and the common areas.
  841         (b)(c) An easement of support in every portion of a unit
  842  which contributes to the support of a building.
  843         (c)(d) The property and installations required for the
  844  furnishing of utilities and other services to more than one unit
  845  or to the common areas.
  846         (d)(e) Any other part of the cooperative property
  847  designated in the cooperative documents as common areas.
  848         Section 7. Paragraphs (b), (d), and (j) of subsection (1)
  849  of section 719.106, Florida Statutes, are amended, and paragraph
  850  (n) is added to subsection (1) of that section, to read:
  851         719.106 Bylaws; cooperative ownership.—
  852         (1) MANDATORY PROVISIONS.—The bylaws or other cooperative
  853  documents shall provide for the following, and if they do not,
  854  they shall be deemed to include the following:
  855         (b) Quorum; voting requirements; proxies.—
  856         1. Unless otherwise provided in the bylaws, the percentage
  857  of voting interests required to constitute a quorum at a meeting
  858  of the members is shall be a majority of voting interests, and
  859  decisions must shall be made by owners of a majority of the
  860  voting interests. Unless otherwise provided in this chapter, or
  861  in the articles of incorporation, bylaws, or other cooperative
  862  documents, and except as provided in subparagraph (d)1.,
  863  decisions must shall be made by owners of a majority of the
  864  voting interests represented at a meeting at which a quorum is
  865  present.
  866         2. Except as specifically otherwise provided herein, after
  867  January 1, 1992, unit owners may not vote by general proxy, but
  868  may vote by limited proxies substantially conforming to a
  869  limited proxy form adopted by the division. Limited proxies and
  870  general proxies may be used to establish a quorum. Limited
  871  proxies must shall be used for votes taken to waive or reduce
  872  reserves in accordance with subparagraph (j)2., for votes taken
  873  to waive the financial reporting requirements of s.
  874  719.104(4)(b);, for votes taken to amend the articles of
  875  incorporation or bylaws pursuant to this section;, and for any
  876  other matter for which this chapter requires or permits a vote
  877  of the unit owners. Except as provided in paragraph (d), after
  878  January 1, 1992, a no proxy, whether limited or general, may not
  879  shall be used in the election of board members. General proxies
  880  may be used for other matters for which limited proxies are not
  881  required, and may also be used in voting for nonsubstantive
  882  changes to items for which a limited proxy is required and
  883  given. Notwithstanding the provisions of this section, unit
  884  owners may vote in person at unit owner meetings. Nothing
  885  contained herein limits shall limit the use of general proxies,
  886  or requires require the use of limited proxies, or requires
  887  require the use of limited proxies for any agenda item or
  888  election at any meeting of a timeshare cooperative.
  889         3. Any proxy given is shall be effective only for the
  890  specific meeting for which originally given and any lawfully
  891  adjourned meetings thereof. In no event shall any proxy be valid
  892  for a period longer than 90 days after the date of the first
  893  meeting for which it was given. Every proxy is shall be
  894  revocable at any time at the pleasure of the unit owner
  895  executing it.
  896         4. A member of the board of administration or a committee
  897  may submit in writing his or her agreement or disagreement with
  898  any action taken at a meeting that the member did not attend.
  899  This agreement or disagreement may not be used as a vote for or
  900  against the action taken and may not be used for the purposes of
  901  creating a quorum.
  902         5. A board member or committee member participating in a
  903  meeting via telephone, real-time videoconferencing, or similar
  904  real-time electronic or video communication counts toward a
  905  quorum, and such member may vote as if physically present. A
  906  speaker must be used so that the conversation of such members
  907  may be heard by the board or committee members attending in
  908  person, as well as by any unit owners present at a meeting.
  909         (d) Shareholder meetings.—There shall be an annual meeting
  910  of the shareholders. All members of the board of administration
  911  shall be elected at the annual meeting unless the bylaws provide
  912  for staggered election terms or for their election at another
  913  meeting. Any unit owner desiring to be a candidate for board
  914  membership must comply with subparagraph 1. The bylaws must
  915  provide the method for calling meetings, including annual
  916  meetings. Written notice, which must incorporate an
  917  identification of agenda items, must shall be given to each unit
  918  owner at least 14 days before the annual meeting and posted in a
  919  conspicuous place on the cooperative property at least 14
  920  continuous days before preceding the annual meeting. Upon notice
  921  to the unit owners, the board must by duly adopted rule
  922  designate a specific location on the cooperative property upon
  923  which all notice of unit owner meetings are posted. In lieu of
  924  or in addition to the physical posting of the meeting notice,
  925  the association may, by reasonable rule, adopt a procedure for
  926  conspicuously posting and repeatedly broadcasting the notice and
  927  the agenda on a closed-circuit cable television system serving
  928  the cooperative association. However, if broadcast notice is
  929  used in lieu of a posted notice, the notice and agenda must be
  930  broadcast at least four times every broadcast hour of each day
  931  that a posted notice is otherwise required under this section.
  932  If broadcast notice is provided, the notice and agenda must be
  933  broadcast in a manner and for a sufficient continuous length of
  934  time to allow an average reader to observe the notice and read
  935  and comprehend the entire content of the notice and the agenda.
  936  In addition to any of the authorized means of providing notice
  937  of a meeting of the shareholders, the association may, by rule,
  938  adopt a procedure for conspicuously posting the meeting notice
  939  and the agenda on a website serving the cooperative association
  940  for at least the minimum period of time for which a notice of a
  941  meeting is also required to be physically posted on the
  942  cooperative property. Any rule adopted must shall, in addition
  943  to other matters, include a requirement that the association
  944  send an electronic notice in the same manner as a notice for a
  945  meeting of the members, which must include a hyperlink to the
  946  website where the notice is posted, to unit owners whose e-mail
  947  addresses are included in the association’s official records.
  948  Unless a unit owner waives in writing the right to receive
  949  notice of the annual meeting, the notice of the annual meeting
  950  must be sent by mail, hand delivered, or electronically
  951  transmitted to each unit owner. An officer of the association
  952  must provide an affidavit or United States Postal Service
  953  certificate of mailing, to be included in the official records
  954  of the association, affirming that notices of the association
  955  meeting were mailed, hand delivered, or electronically
  956  transmitted, in accordance with this provision, to each unit
  957  owner at the address last furnished to the association.
  958         1. The board of administration shall be elected by written
  959  ballot or voting machine. A proxy may not be used in electing
  960  the board of administration in general elections or elections to
  961  fill vacancies caused by recall, resignation, or otherwise
  962  unless otherwise provided in this chapter.
  963         a. At least 60 days before a scheduled election, the
  964  association shall mail, deliver, or transmit, whether by
  965  separate association mailing, delivery, or electronic
  966  transmission or included in another association mailing,
  967  delivery, or electronic transmission, including regularly
  968  published newsletters, to each unit owner entitled to vote, a
  969  first notice of the date of the election. Any unit owner or
  970  other eligible person desiring to be a candidate for the board
  971  of administration must give written notice to the association at
  972  least 40 days before a scheduled election. Together with the
  973  written notice and agenda as set forth in this section, the
  974  association shall mail, deliver, or electronically transmit a
  975  second notice of election to all unit owners entitled to vote,
  976  together with a ballot that lists all candidates. Upon request
  977  of a candidate, the association must shall include an
  978  information sheet, no larger than 8 1/2 inches by 11 inches,
  979  which must be furnished by the candidate at least 35 days before
  980  the election, to be included with the mailing, delivery, or
  981  electronic transmission of the ballot, with the costs of
  982  mailing, delivery, or transmission and copying to be borne by
  983  the association. The association is not liable for the contents
  984  of the information sheets provided by the candidates. In order
  985  to reduce costs, the association may print or duplicate the
  986  information sheets on both sides of the paper. The division
  987  shall by rule establish voting procedures consistent with this
  988  subparagraph, including rules establishing procedures for giving
  989  notice by electronic transmission and rules providing for the
  990  secrecy of ballots. Elections must shall be decided by a
  991  plurality of those ballots cast. There is no quorum requirement.
  992  However, at least 20 percent of the eligible voters must cast a
  993  ballot in order to have a valid election. A unit owner may not
  994  permit any other person to vote his or her ballot, and any such
  995  ballots improperly cast are invalid. A unit owner who needs
  996  assistance in casting the ballot for the reasons stated in s.
  997  101.051 may obtain assistance in casting the ballot. Any unit
  998  owner violating this provision may be fined by the association
  999  in accordance with s. 719.303. The regular election must occur
 1000  on the date of the annual meeting. This subparagraph does not
 1001  apply to timeshare cooperatives. Notwithstanding this
 1002  subparagraph, an election and balloting are not required unless
 1003  more candidates file a notice of intent to run or are nominated
 1004  than vacancies exist on the board. Any challenge to the election
 1005  process must be commenced within 60 days after the election
 1006  results are announced.
 1007         b. Within 90 days after being elected or appointed to the
 1008  board, a each new director shall certify in writing to the
 1009  secretary of the association that he or she has read the
 1010  association’s bylaws, articles of incorporation, proprietary
 1011  lease, and current written policies; that he or she will work to
 1012  uphold such documents and policies to the best of his or her
 1013  ability; and that he or she will faithfully discharge his or her
 1014  fiduciary responsibility to the association’s members. Within 90
 1015  days after being elected or appointed to the board, in addition
 1016  to lieu of this written certification, the newly elected or
 1017  appointed director must may submit a certificate of having
 1018  satisfactorily completed the educational curriculum administered
 1019  by an education provider as approved by the division pursuant to
 1020  the requirements established in chapter 718 within 1 year before
 1021  or 90 days after the date of election or appointment. The
 1022  written certification and educational certificate is valid and
 1023  does not have to be resubmitted as long as the director serves
 1024  on the board without interruption. A director who fails to
 1025  timely file the written certification and or educational
 1026  certificate is suspended from service on the board until he or
 1027  she complies with this sub-subparagraph. The board may
 1028  temporarily fill the vacancy during the period of suspension.
 1029  The secretary of the association shall cause the association to
 1030  retain a director’s written certification and or educational
 1031  certificate for inspection by the members for 5 years after a
 1032  director’s election or the duration of the director’s
 1033  uninterrupted tenure, whichever is longer. Failure to have such
 1034  written certification and or educational certificate on file
 1035  does not affect the validity of any board action.
 1036         2. Any approval by unit owners called for by this chapter,
 1037  or the applicable cooperative documents, must be made at a duly
 1038  noticed meeting of unit owners and is subject to this chapter or
 1039  the applicable cooperative documents relating to unit owner
 1040  decisionmaking, except that unit owners may take action by
 1041  written agreement, without meetings, on matters for which action
 1042  by written agreement without meetings is expressly allowed by
 1043  the applicable cooperative documents or law which provides for
 1044  the unit owner action.
 1045         3. Unit owners may waive notice of specific meetings if
 1046  allowed by the applicable cooperative documents or law. Notice
 1047  of meetings of the board of administration, shareholder
 1048  meetings, except shareholder meetings called to recall board
 1049  members under paragraph (f), and committee meetings may be given
 1050  by electronic transmission to unit owners who consent to receive
 1051  notice by electronic transmission. A unit owner who consents to
 1052  receiving notices by electronic transmission is solely
 1053  responsible for removing or bypassing filters that may block
 1054  receipt of mass emails sent to members on behalf of the
 1055  association in the course of giving electronic notices.
 1056         4. Unit owners have the right to participate in meetings of
 1057  unit owners with reference to all designated agenda items.
 1058  However, the association may adopt reasonable rules governing
 1059  the frequency, duration, and manner of unit owner participation.
 1060         5. Any unit owner may tape record or videotape meetings of
 1061  the unit owners subject to reasonable rules adopted by the
 1062  division.
 1063         6. Unless otherwise provided in the bylaws, a vacancy
 1064  occurring on the board before the expiration of a term may be
 1065  filled by the affirmative vote of the majority of the remaining
 1066  directors, even if the remaining directors constitute less than
 1067  a quorum, or by the sole remaining director. In the alternative,
 1068  a board may hold an election to fill the vacancy, in which case
 1069  the election procedures must conform to the requirements of
 1070  subparagraph 1. unless the association has opted out of the
 1071  statutory election process, in which case the bylaws of the
 1072  association control. Unless otherwise provided in the bylaws, a
 1073  board member appointed or elected under this subparagraph shall
 1074  fill the vacancy for the unexpired term of the seat being
 1075  filled. Filling vacancies created by recall is governed by
 1076  paragraph (f) and rules adopted by the division.
 1077  
 1078  Notwithstanding subparagraphs (b)2. and (d)1., an association
 1079  may, by the affirmative vote of a majority of the total voting
 1080  interests, provide for a different voting and election procedure
 1081  in its bylaws, which vote may be by a proxy specifically
 1082  delineating the different voting and election procedures. The
 1083  different voting and election procedures may provide for
 1084  elections to be conducted by limited or general proxy.
 1085         (j) Annual budget.—
 1086         1. The proposed annual budget of common expenses must shall
 1087  be detailed and must shall show the amounts budgeted by accounts
 1088  and expense classifications, including, if applicable, but not
 1089  limited to, those expenses listed in s. 719.504(20). The board
 1090  of administration must shall adopt the annual budget at least 14
 1091  days before prior to the start of the association’s fiscal year.
 1092  If In the event that the board fails to timely adopt the annual
 1093  budget a second time, it is shall be deemed a minor violation
 1094  and the prior year’s budget shall continue in effect until a new
 1095  budget is adopted.
 1096         2. In addition to annual operating expenses, the budget
 1097  must shall include reserve accounts for capital expenditures and
 1098  deferred maintenance. These accounts must shall include, but not
 1099  be limited to, roof replacement, building painting, and pavement
 1100  resurfacing, regardless of the amount of deferred maintenance
 1101  expense or replacement cost, and for any other items for which
 1102  the deferred maintenance expense or replacement cost exceeds
 1103  $10,000. The amount to be reserved must shall be computed by
 1104  means of a formula which is based upon estimated remaining
 1105  useful life and estimated replacement cost or deferred
 1106  maintenance expense of each reserve item. The association may
 1107  adjust replacement reserve assessments annually to take into
 1108  account any changes in estimates or extension of the useful life
 1109  of a reserve item caused by deferred maintenance. The
 1110  association must maintain a separate reserve account exclusively
 1111  for the maintenance and replacement of items recognized in the
 1112  Life Safety Code. Life safety requirements include, but are not
 1113  limited to, waterproofing measures; roof and balcony railing
 1114  maintenance; and fire, mechanical, electrical, and structural
 1115  standards. Reserve funds for other capital expenditures and
 1116  deferred maintenance may not be comingled with the reserve funds
 1117  for life safety expenditures and maintenance. Every 2 years, the
 1118  board must hire a licensed engineer or engineering firm
 1119  qualified to do business in the state to conduct a reserve study
 1120  of the property in order to ensure adequate funding of the
 1121  association’s reserve accounts. The engineer or engineering firm
 1122  must conduct a reasonably competent and diligent visual
 1123  inspection of the assessable areas of the major components that
 1124  the association is obligated to repair, replace, restore, or
 1125  maintain and provide an estimate of the components’ remaining
 1126  useful life. The board must provide a copy of the reserve study,
 1127  along with a report or financial statement indicating the amount
 1128  of money that is currently in the reserves, to the local
 1129  authority having jurisdiction within 7 days after the board
 1130  receives the completed report from the engineer or engineering
 1131  firm. This paragraph shall not apply to any budget in which the
 1132  members of an association have, at a duly called meeting of the
 1133  association, determined for a fiscal year to provide no reserves
 1134  or reserves less adequate than required by this subsection.
 1135  However, prior to turnover of control of an association by a
 1136  developer to unit owners other than a developer pursuant to s.
 1137  719.301, the developer may vote to waive the reserves or reduce
 1138  the funding of reserves for the first 2 years of the operation
 1139  of the association after which time reserves may only be waived
 1140  or reduced upon the vote of a majority of all nondeveloper
 1141  voting interests voting in person or by limited proxy at a duly
 1142  called meeting of the association. If a meeting of the unit
 1143  owners has been called to determine to provide no reserves, or
 1144  reserves less adequate than required, and such result is not
 1145  attained or a quorum is not attained, the reserves as included
 1146  in the budget shall go into effect.
 1147         3. Reserve funds and any interest accruing thereon must
 1148  shall remain in the reserve account or accounts, and may shall
 1149  be used only for authorized reserve expenditures unless their
 1150  use for other purposes is approved in advance by a vote of the
 1151  majority of the voting interests, voting in person or by limited
 1152  proxy at a duly called meeting of the association. Before Prior
 1153  to turnover of control of an association by a developer to unit
 1154  owners other than the developer under s. 719.301, the developer
 1155  may not vote to use reserves for purposes other than that for
 1156  which they were intended without the approval of a majority of
 1157  all nondeveloper voting interests, voting in person or by
 1158  limited proxy at a duly called meeting of the association.
 1159         (n) Building construction, renovations, and inspections.
 1160  The requirements for the construction and renovation of a
 1161  residential cooperative building must comply with chapter 553
 1162  which pertains to building construction standards, including
 1163  plumbing, electrical code, glass, manufactured buildings,
 1164  accessibility for persons with disabilities, and the state
 1165  minimum building code. An association must ensure compliance
 1166  with the Florida Building Code.
 1167         1. The board must hire a licensed structural engineer
 1168  authorized to practice in the state to conduct an annual
 1169  inspection of the association property and its buildings to
 1170  ensure the structural stability of the property and buildings.
 1171         2. Upon a determination by the local authority having
 1172  jurisdiction that a residential cooperative building is 20 years
 1173  of age or older, the local authority having jurisdiction shall
 1174  issue a notice of required recertification inspection to the
 1175  association.
 1176         3. The board must hire a licensed architect or engineer
 1177  authorized to practice in the state within 90 days after receipt
 1178  of the notice of required recertification inspection to conduct
 1179  an inspection to ensure the building’s structural and electrical
 1180  systems are still safe and to provide a recertification report
 1181  to the local authority having jurisdiction. A licensed architect
 1182  or engineer may only undertake assignments in which he or she is
 1183  qualified by training and experience in the specific technical
 1184  field involved in the inspection.
 1185         4. A licensed architect or engineer shall conduct a
 1186  structural recertification inspection of the building by
 1187  analyzing, at a minimum, the:
 1188         a. Foundation.
 1189         b. Floor and roofing systems.
 1190         c. Masonry bearing walls.
 1191         d. Steel framing systems.
 1192         e. Concrete framing systems.
 1193         f. Windows.
 1194         g. Wood framing.
 1195         h. Loading.
 1196         5. A licensed architect or engineer shall conduct an
 1197  electrical recertification inspection of the building by
 1198  analyzing, at a minimum, the:
 1199         a. Electric services.
 1200         b. Branch circuits.
 1201         c. Conduit raceways.
 1202         d. Gutters.
 1203         e. Electrical panels.
 1204         f. Grounding of equipment.
 1205         g. Service conductor and cables.
 1206         h. Types of wiring methods.
 1207         i. Feeder conductors.
 1208         j. Parking illumination.
 1209         6. The licensed architect or engineer must indicate the
 1210  manner and type of inspection conducted that forms the basis of
 1211  the recertification report and must describe any matters
 1212  identified as needing remedial action. The report must bear the
 1213  seal and signature of the certifying architect or engineer. The
 1214  board must provide a copy of the report to the local authority
 1215  having jurisdiction within 7 days after the board receives the
 1216  completed report.
 1217         7.a. If the recertification report indicates that repairs
 1218  or modifications are necessary, the board has 6 months after
 1219  receipt of the recertification report in which to complete the
 1220  indicated repairs or modifications, which must be executed in
 1221  conformance with the Florida Building Code. Within 7 days after
 1222  completion of the repairs or modifications, the board shall
 1223  provide a completion report, under seal and signature of a
 1224  licensed architect or engineer, to the local authority having
 1225  jurisdiction affirming that the remedial action has been
 1226  completed.
 1227         b. If the local authority having jurisdiction has reason to
 1228  believe that the matters indicated in the recertification report
 1229  as needing remedial action present a serious threat to the
 1230  public health, safety, or welfare, or are irreparable or
 1231  irreversible, it may order a mandatory evacuation of the
 1232  residential cooperative.
 1233         8. The local authority having jurisdiction shall issue a
 1234  notice of violation if the board does not timely submit the
 1235  completion report required under sub-subparagraph 7.a. and must
 1236  establish a reasonable time period within which the board must
 1237  correct the violation. If the board does not comply with the
 1238  notice of violation within the timeframe specified, the local
 1239  authority having jurisdiction shall issue the association a
 1240  citation resulting in a fine not to exceed $500. However, the
 1241  local authority having jurisdiction may specify by ordinance a
 1242  fine in an amount exceeding $500, but not exceeding $2,000 a
 1243  day. The local authority having jurisdiction may issue a
 1244  citation for each day that the association is in violation of
 1245  this paragraph.
 1246         9. Subsequent recertification inspections must be completed
 1247  every 5 years thereafter.
 1248         Section 8. Paragraph (b) of subsection (1) and paragraphs
 1249  (a) and (c) of subsection (2) of section 719.503, Florida
 1250  Statutes, are amended to read:
 1251         719.503 Disclosure prior to sale.—
 1252         (1) DEVELOPER DISCLOSURE.—
 1253         (b) Copies of documents to be furnished to prospective
 1254  buyer or lessee.—Until such time as the developer has furnished
 1255  the documents listed below to a person who has entered into a
 1256  contract to purchase a unit or lease it for more than 5 years,
 1257  the contract may be voided by that person, entitling the person
 1258  to a refund of any deposit together with interest thereon as
 1259  provided in s. 719.202. The contract may be terminated by
 1260  written notice from the proposed buyer or lessee delivered to
 1261  the developer within 15 days after the buyer or lessee receives
 1262  all of the documents required by this section. The developer may
 1263  shall not close for 15 days after following the execution of the
 1264  agreement and delivery of the documents to the buyer as
 1265  evidenced by a receipt for documents signed by the buyer unless
 1266  the buyer is informed in the 15-day voidability period and
 1267  agrees to close before prior to the expiration of the 15 days.
 1268  The developer shall retain in his or her records a separate
 1269  signed agreement as proof of the buyer’s agreement to close
 1270  before prior to the expiration of the said voidability period.
 1271  The developer must retain such Said proof shall be retained for
 1272  a period of 5 years after the date of the closing transaction.
 1273  The documents to be delivered to the prospective buyer are the
 1274  prospectus or disclosure statement with all exhibits, if the
 1275  development is subject to the provisions of s. 719.504, or, if
 1276  not, then copies of the following which are applicable:
 1277         1. The question and answer sheet described in s. 719.504,
 1278  and cooperative documents, or the proposed cooperative documents
 1279  if the documents have not been recorded, which shall include the
 1280  certificate of a surveyor approximately representing the
 1281  locations required by s. 719.104.
 1282         2. The documents creating the association.
 1283         3. The bylaws.
 1284         4. The ground lease or other underlying lease of the
 1285  cooperative.
 1286         5. The management contract, maintenance contract, and other
 1287  contracts for management of the association and operation of the
 1288  cooperative and facilities used by the unit owners having a
 1289  service term in excess of 1 year, and any management contracts
 1290  that are renewable.
 1291         6. The estimated operating budget for the cooperative and a
 1292  schedule of expenses for each type of unit, including fees
 1293  assessed to a shareholder who has exclusive use of limited
 1294  common areas, where such costs are shared only by those entitled
 1295  to use such limited common areas.
 1296         7. The lease of recreational and other facilities that will
 1297  be used only by unit owners of the subject cooperative.
 1298         8. The lease of recreational and other common areas that
 1299  will be used by unit owners in common with unit owners of other
 1300  cooperatives.
 1301         9. The form of unit lease if the offer is of a leasehold.
 1302         10. Any declaration of servitude of properties serving the
 1303  cooperative but not owned by unit owners or leased to them or
 1304  the association.
 1305         11. If the development is to be built in phases or if the
 1306  association is to manage more than one cooperative, a
 1307  description of the plan of phase development or the arrangements
 1308  for the association to manage two or more cooperatives.
 1309         12. If the cooperative is a conversion of existing
 1310  improvements, the statements and disclosure required by s.
 1311  719.616.
 1312         13. The form of agreement for sale or lease of units.
 1313         14. A copy of the floor plan of the unit and the plot plan
 1314  showing the location of the residential buildings and the
 1315  recreation and other common areas.
 1316         15. A copy of all covenants and restrictions that which
 1317  will affect the use of the property and which are not contained
 1318  in the foregoing.
 1319         16. If the developer is required by state or local
 1320  authorities to obtain acceptance or approval of any dock or
 1321  marina facilities intended to serve the cooperative, a copy of
 1322  any such acceptance or approval acquired by the time of filing
 1323  with the division pursuant to s. 719.502(1) or a statement that
 1324  such acceptance or approval has not been acquired or received.
 1325         17. Evidence demonstrating that the developer has an
 1326  ownership, leasehold, or contractual interest in the land upon
 1327  which the cooperative is to be developed.
 1328         18. A copy of the reserve study required under s.
 1329  719.106(1)(j), along with a report or financial statement
 1330  indicating the status of the reserves.
 1331         19. A copy of the recertification report required under s.
 1332  719.106(1)(n).
 1333         (2) NONDEVELOPER DISCLOSURE.—
 1334         (a) Each unit owner who is not a developer as defined by
 1335  this chapter must comply with the provisions of this subsection
 1336  before prior to the sale of his or her interest in the
 1337  association. Each prospective purchaser who has entered into a
 1338  contract for the purchase of an interest in a cooperative is
 1339  entitled, at the seller’s expense, to a current copy of the
 1340  articles of incorporation of the association, the bylaws, the
 1341  and rules of the association, the reserve study and current
 1342  status of the reserves required by s. 719.106(1)(j), the
 1343  recertification report required by s. 719.106(1)(n), as well as
 1344  a copy of the question and answer sheet as provided in s.
 1345  719.504.
 1346         (c) Each contract entered into after July 1, 1992, for the
 1347  resale of an interest in a cooperative must shall contain in
 1348  conspicuous type either:
 1349         1. A clause which states: THE BUYER HEREBY ACKNOWLEDGES
 1350  THAT HE OR SHE BUYER HAS BEEN PROVIDED A CURRENT COPY OF THE
 1351  ARTICLES OF INCORPORATION OF THE ASSOCIATION, BYLAWS, RULES OF
 1352  THE ASSOCIATION, THE RESERVE STUDY AND STATUS OF THE RESERVES,
 1353  THE RECERTIFICATION STUDY, AND THE QUESTION AND ANSWER SHEET
 1354  MORE THAN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL
 1355  HOLIDAYS, BEFORE THE PRIOR TO EXECUTION OF THIS CONTRACT; or
 1356         2. A clause which states: THIS AGREEMENT IS VOIDABLE BY
 1357  BUYER BY DELIVERING WRITTEN NOTICE OF THE BUYER’S INTENTION TO
 1358  CANCEL WITHIN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL
 1359  HOLIDAYS, AFTER THE DATE OF EXECUTION OF THIS AGREEMENT BY THE
 1360  BUYER AND RECEIPT BY BUYER OF A CURRENT COPY OF THE ARTICLES OF
 1361  INCORPORATION, BYLAWS, AND RULES OF THE ASSOCIATION, THE RESERVE
 1362  STUDY AND STATUS OF THE RESERVES, THE RECERTIFICATION STUDY, AND
 1363  THE QUESTION AND ANSWER SHEET, IF SO REQUESTED IN WRITING. ANY
 1364  PURPORTED WAIVER OF THESE VOIDABILITY RIGHTS SHALL BE OF NO
 1365  EFFECT. BUYER MAY EXTEND THE TIME FOR CLOSING FOR A PERIOD OF
 1366  NOT MORE THAN 3 DAYS, EXCLUDING SATURDAYS, SUNDAYS, AND LEGAL
 1367  HOLIDAYS, AFTER THE BUYER RECEIVES THE DOCUMENTS LISTED ABOVE
 1368  ARTICLES OF INCORPORATION, BYLAWS, RULES, AND QUESTION AND
 1369  ANSWER SHEET, IF REQUESTED IN WRITING. BUYER’S RIGHT TO VOID
 1370  THIS AGREEMENT SHALL TERMINATE AT CLOSING.
 1371  
 1372  A contract that does not conform to the requirements of this
 1373  paragraph is voidable at the option of the purchaser before
 1374  prior to closing.
 1375         Section 9. This act shall take effect July 1, 2022.