6235080, 61B-22.006 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 6235080

Notice of Development of Rulemaking

Department:

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION

Division:

Division of Florida Condominiums, Timeshares and Mobile Homes

Chapter:

FINANCIAL AND ACCOUNTING REQUIREMENTS; BUDGETS, RESERVES, AND GUARANTEES

Overview

RULE:

61B-22.006

Financial Reporting Requirements

PURPOSE:

These rule amendments implement a change in the condominium law requiring association financial reports to disclose the amount of reserve funding required to fully fund association reserves, and require special assessment disclosure for cash basis financial reports.

SUBJECT:

The amendments require financial reports to disclose the amount of annual funding required for reserves.

RULEMAKING AUTHORITY:

718.111(13), 718.501(1)(f) FS.

LAW:

718.111(12)(a)11., (13), 718.301(4) FS.

PRINT PUBLISH DATE:

10/10/2008 Vol. 34/41

RELATED STATUTES
AND LAWS:

718.111(13), 718.501(1)(f) FS., 718.111(12)(a)11., (13), 718.301(4) FS.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=61B-22.006&PDate=10/10/2008&Section=1

REFERENCE MATERIALS:

No reference(s).

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