Read more: Found hereThe laws, passed in 2022 and tweaked in 2023, included requiring "milestone inspections" of older buildings and "structural integrity reserve studies" to determine how much money should be set aside for future major repairs.
House bill sponsor Vicki Lopez, R-Miami, said Wednesday her proposal ( HB 913 ) seeks to clear up confusion over current requirements and provide "financial relief" for condo associations by allowing them to use lines of credit in lieu of reserves.
Rep. Anna Eskamani, D-Orlando, said the line-of-credit part of Lopez's bill would "be very helpful" to condo owners in her district.
"A lot of our condo owners are on a fixed income, and their ability to meet the costs that we established a few years ago is just not realistic. So I do hope this makes it easier to ensure the safety of these buildings will not force the individuals to leave their homes," Eskamani said before the House voted 113-2 to pass the bill, with Rep. Mike Caruso, R-Delray Beach, and Rep. Kiyan Michael, R-Jacksonville, dissenting.
Lopez said her bill also clarifies that only buildings with three habitable stories will have to comply with the milestone inspections, an issue she said has caused confusion.
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