Establishes a special commission to study the Rhode Island Condominium Act and recommend updates.

The Rhode Island Condominium Act, passed in 1982, has not been significantly amended in decades. This bill creates a special legislative commission to study the act and recommend changes to address modern issues in condominium development, construction, maintenance, financing, and operation. The commission will include representatives from various sectors, such as housing, local government, builders, insurance, property management, and condominium owners. The commission will report its findings and recommendations to the General Assembly by December 31, 2027, and will expire on March 15, 2028.

Establishes a special commission to study the Rhode Island Condominium Act and recommend updates.

The Rhode Island Condominium Act, passed in 1982, has not been significantly amended in decades. This bill creates a special legislative commission to study the act and recommend changes to address modern issues in condominium development, construction, maintenance, financing, and operation. The commission will include representatives from various sectors, such as housing, local government, builders, insurance, property management, and condominium owners. The commission will report its findings and recommendations to the General Assembly by December 31, 2027, and will expire on March 15, 2028.