H7855 — Defines a special assessment as an assessment that is not a part of the condominium association budget and would apply to condominiums created before July 1, 1982, but only apply with respect to events and circumstances occurring after that date.

H7855 — Defines a special assessment as an assessment that is not a part of the condominium association budget and would apply to condominiums created before July 1, 1982, but only apply with respect to events and circumstances occurring after that date. · Informed CitizenryH7855 updates Rhode Island law concerning how special assessments are managed for older condominiums. A special assessment is defined as a required payment not included in the standard yearly budge…Open in Informed Citizenry