S07600Introduced in the Senate
Directs condominium and cooperative housing associations to complete capital reserve studies, including a thirty-year funding plan, in order to ensure that the condominium or cooperative housing association has adequate reserve funds available to repair or replace the assets located on the property that the association is obligated to maintain without the need to create any special assessment or loan obligation; specifies the content of the study; requires the study to be filed with the attorney general.
Introduced by Siela Bynoe, District 6
What does this bill do?
Plain-English breakdown
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Official description
Directs condominium and cooperative housing associations to complete capital reserve studies, including a thirty-year funding plan, in order to ensure that the condominium or cooperative housing association has adequate reserve funds available to repair or replace the assets located on the property that the association is obligated to maintain without the need to create any special assessment or loan obligation; specifies the content of the study; requires the study to be filed with the attorney general.
Where it stands
REFERRED TO JUDICIARY
January 7, 2026
How did lawmakers vote?
SenateStage: Senate Judiciary Committee Vote · May 28, 2025
17
Yes
0
No
2
Absent or Not Voting
19 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Anthony Palumbo | 1 | Yes |
| Steven Rhoads | 5 | Yes |
| Jack Martins | 7 | Absent |
| Patricia Canzoneri-Fitzpatrick | 9 | Yes |
| Toby Stavisky | 11 | Yes |
| Jessica Ramos | 13 | Yes |
| John Liu | 16 | Yes |
| Zellnor Myrie | 20 | Absent |
| Kevin Parker | 21 | Yes |
| Andrew Lanza | 24 | Yes |
Bill history
REFERRED TO JUDICIARY
REPORTED AND COMMITTED TO FINANCE
REFERRED TO JUDICIARY
Verify the information
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