HB05504

Amends the charter of the Cornfield Point Association to modify tax assessment procedures.

The bill amends the charter of the Cornfield Point Association to change how the board of governors prepares and submits budgets and recommends tax assessments. The board must submit a budget at each annual meeting and recommend a tax assessment based on the budget. The assessment cannot exceed $1,000 for lots with a dwelling or cottage and $200 for vacant lots. The association has the power to decrease but not increase the recommended budget or tax assessment.