A8945 (2025-26 session)
NY State bill
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 state comptroller.
- Title
- Directs condominium and cooperative housing associations to complete capital reserve studies
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Housing
- Introduced
- 2025-07-16
- Law section
- Real Property Law
Sponsors
- Chantel Jackson Assembly Member, District 79
Heard in committee
- Housing NY State Assembly committee