HB1615Introduced in the House of Delegates
Cooperative Housing Corporations and Condominiums - Emergency Use of Reserve Funds
Introduced by Harry Bhandari, District 8
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Providing that reserve funds of a cooperative housing corporation or condominium may be used for purposes other than those specified in the funding plan in an emergency and if the use of funds is approved by an affirmative vote of the members or unit owners having at least two-thirds of the votes in the cooperative housing corporation or the council of unit owners, respectively.
Where it stands
First Reading House Rules and Executive Nominations
February 19, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
First Reading House Rules and Executive Nominations
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