HB5019 — Housing: condominium; requirements for an association of co-owners to conduct a reserve study and establish a reserve funding plan; modify. Amends sec. 105 of 1978 PA 59 (MCL 559.205).

HB5019 — Housing: condominium; requirements for an association of co-owners to conduct a reserve study and establish a reserve funding plan; modify. Amends sec. 105 of 1978 PA 59 (MCL 559.205). · Informed CitizenryThis bill amends the Condominium Act to establish requirements for condominium associations of co-owners to conduct reserve studies and maintain reserve funding plans. The requirements apply to ass…Open in Informed Citizenry