Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HB 3871 requires property owners’ associations (HOAs) to conduct annual independent financial audits and distribute copies to all association members. The audit must be conducted by a certified public accountant (CPA) if required by the association’s bylaws, a board vote, or a majority vote of homeowners. The bill ensures greater transparency and financial accountability within HOAs.
Author (1)
Matthew Shaheen