S.2743

Establishes penalty on planned real estate development association for failure to provide association members timely access to certain meeting.

This bill amends the 1993 supplement to “The Planned Real Estate Development Full Disclosure Act” to provide the Commissioner of Community Affairs with the authority to impose a penalty on the association of a planned real estate development for failing to make executive board meeting minutes available to the association members in compliance with existing requirements. The penalty would not exceed $2,000 per meeting for which the minutes were not made available to one or more association members.