Senate Bill 2006-89: What You Need to Know
As many of you are probably aware,
Recently, we have received a number of questions from associations as to how their SB 100 Responsible Governance Policies must be modified to comply with SB 089. Although we cannot answer this question as to policies drafted by other law firms, it is our general opinion that few changes are required to these policies. Nevertheless, we recommend that both the Conflict of Interest and Inspection and Copying of Records policies be modified to reflect material changes made to CCIOA by Sections 12 and 13 of SB 089. Furthermore, we recommend that associations adopt a written dispute resolution policy by January 1st, as required by Section 5.
Please contact our office if you have any questions regarding SB 089 and its requirements. We look forward to working with you on these matters.