The passage of HB 1021 marks a significant shift in the governance and management of community associations in Florida. Effective from July 1, 2024, this comprehensive legislation introduces a multitude of changes aimed at improving transparency, accountability, and operational efficiency within community associations. This article delves into the key provisions of the bill and their implications for Community Association Managers (CAMs), condominium associations, and cooperative associations.
These changes will be reflected in Florida Statute 468 for the Community Association Managers, Florida Statute 718 for Condominium Associations and Florida Statute 719 for Cooperatives.