S.B.
278
HOMEOWNERS' ASSOCIATION AMENDMENTS
Senate Floor
Amendments
Amendment 1 March 5, 2010 10:02 AM
Senator Stephen H. Urquhart proposes the following amendments:
1. Page 1, Line 12 :
12 . requires a reserve
{
study
}
analysis
to be conducted and a review of a reserve
{
study
}
analysis
on a
2. Page 1, Line 27 through Page 2, Line 28 :
27 57-8-7.5. Reserve
{
study
}
analysis
-- Reserve fund.
28 (1) As used in this section, "reserve
{
study
}
analysis
" means
{
a study
}
an analysis
to determine:
3. Page 2, Line 35 :
35 (a) (i) subject to Subsection (2)(a)(ii), cause a reserve
{
study
}
analysis
to be conducted no
less
4. Page 2, Line 37 :
37 (ii) if no reserve
{
study
}
analysis
has been conducted since March 1, 2008, cause a reserve
{
study
}
analysis
5. Page 2, Line 39 :
39 (b) review and, if necessary, update a previously conducted reserve
{
study
}
analysis
no less
6. Page 2, Line 41 :
41 (3) The management committee may conduct a reserve
{
study
}
analysis
itself or may engage
a
7. Page 2, Line 43 :
43 reserve
{
study
}
analysis
.
8. Page 2, Line 45 :
45 (i) for daily maintenance expenses, unless
a majority of the
members of the association of unit
owners
9. Page 2, Lines 56 through 57 :
56 57-8a-211. Reserve
{
study
}
analysis
-- Reserve fund.
57 (1) As used in this section, "reserve
{
study
}
analysis
" means
{
a study
}
an analysis
to determine:
10. Page 3, Line 64 :
64 (a) (i) subject to Subsection (2)(a)(ii), cause a reserve
{
study
}
analysis
to be conducted no
less
11. Page 3, Line 66 :
66 (ii) if no reserve
{
study
}
analysis
has been conducted since March 1, 2008, cause a reserve
{
study
}
analysis
12. Page 3, Line 68 :
68 (b) review and, if necessary, update a previously conducted reserve
{
study
}
analysis
no less
13. Page 3, Lines 70 through 71 :
70 (3) The board may conduct a reserve
{
study
}
analysis
itself or may engage a reliable person
or
71 organization, as determined by the board, to conduct the reserve
{
study
}
analysis
.
14. Page 3, Line 73 :
73 (i) for daily maintenance expenses, unless
a majority of
association members vote to approve the
use
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LRGC Rrees rrees