The Board Staff submitted a revised Statement of Estimated Regulatory Costs (SERC), which supersedes the original SERC that was published in the Notice of Rulemaking. A summary of the revised SERC reads as follows:
● 2,768 Management Firms in addition to the already regulated 11,000 Community Association Manager will be required to comply with the rule; furthermore, all licensed Community Association Management Firms and Community Association Managers will be required to comply.
● The only costs to be incurred are rulemaking costs. No effect on state or local revenue is expected.
● The proposed change will impact 1,000 – 4,999 small businesses. No small county or city will be impacted by the rule.
The foregoing change does not affect the substance of the Notice. The person to be contacted regarding the above change is Anthony Spivey, Executive Director, Regulatory Council of Community Association Managers, 1940 North Monroe Street, Tallahassee, Florida 32399-0762