CS/SB 1490 (2021) -  Investments by Condominium Associations

General Bill by Community Affairs and Pizzo
Investments by Condominium Associations: Requiring condominium associations to maintain a copy of their investment policy statement as an official record; requiring certain association boards to obtain prior approval before investing funds in certain investment products, annually develop an investment policy statement, and select an investment adviser who meets specified requirements; requiring investment advisers to act as association fiduciaries; exempting registered investment advisers from certain provisions relating to contracts for products and services, etc.
Effective Date: 07/01/2021
Last Event: 04/30/21 S Died in Rules, companion bill(s) passed, see CS/CS/SB 56 (Ch. 2021-91), CS/CS/SB 630 (Ch. 2021-99) on Friday, April 30, 2021 2:40 PM

Referred Committees and Committee Actions

Senate Referrals

  • Regulated Industries
    • On agenda for: 03/16/21 3:30 PM
    • Favorable (final action) Votes: Yeas 8   Nays 0
  • Community Affairs
    • On agenda for: 03/24/21 8:30 AM
    • Favorable With Committee Substitute (final action) Votes: Yeas 8   Nays 0
  • Rules

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 615 Subject: Community Association Assessment Notices Relationship: Compare
Bill #: CS/CS/HB 867 Subject: Community Associations Relationship: Compare
Bill #: HB 1005 Subject: Investment of Condominium Association Funds Relationship: Compare
Bill #: CS/CS/SB 56 Subject: Community Association Assessment Notices Relationship: Compare
Bill #: CS/CS/SB 630 Subject: Community Associations Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Community Affairs 3/25/2021 9:01:44 AM
Chamber: Senate Committee: Community Affairs 3/23/2021 8:42:28 AM
Chamber: Senate Committee: Regulated Industries 3/17/2021 10:59:03 AM
Chamber: Senate Committee: Regulated Industries 3/15/2021 3:05:03 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Rules, companion bill(s) passed, see CS/CS/SB 56 (Ch. 2021-91), CS/CS/SB 630 (Ch. 2021-99) Time: 04/30/2021 - 2:40 PM Member: Committee: Rules Version: c1
Event: S Now in Rules Time: 03/29/2021 - 11:14 AM Member: Committee: Rules Version: c1
Event: S CS by Community Affairs read 1st time -SJ 319 Time: 03/25/2021 - 7:10 PM Member: Committee: Community Affairs Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 03/25/2021 - 9:18 AM Member: Committee: Community Affairs Version: c1
Event: S CS by Community Affairs; YEAS 8 NAYS 0 -SJ 313 Time: 03/24/2021 - 10:44 AM Member: Committee: Community Affairs Version: __
Event: S On Committee agenda-- Community Affairs, 03/24/21, 8:30 am, 37 Senate Building Time: 03/19/2021 - 2:15 PM Member: Committee: Community Affairs Version: __
Event: S Now in Community Affairs Time: 03/17/2021 - 11:38 AM Member: Committee: Community Affairs Version: __
Event: S Favorable by Regulated Industries; YEAS 8 NAYS 0 -SJ 270 Time: 03/16/2021 - 5:09 PM Member: Committee: Regulated Industries Version: __
Event: S On Committee agenda-- Regulated Industries, 03/16/21, 3:30 pm, 412 Knott Building Time: 03/11/2021 - 2:45 PM Member: Committee: Regulated Industries Version: __
Event: S Introduced -SJ 144 Time: 03/02/2021 - 7:13 PM Member: Committee: Version: __
Event: S Referred to Regulated Industries; Community Affairs; Rules -SJ 144 Time: 03/02/2021 - 3:44 PM Member: Committee: Regulated Industries Version: __
Event: S Filed Time: 02/22/2021 - 9:08 AM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
718.111 CS/CS/SB 56, CS/HB 615, CS/CS/SB 630, CS/HB 649, CS/CS/HB 867, SB 996, HB 1005, SB 1998
718.3026 HB 1005