Establishes financial disclosure requirements for homeowners associations and restricts their ability to pay utility bills on behalf of homeowners.

This bill amends the South Carolina Code to establish financial disclosure requirements for homeowners associations, including sending annual operating budgets to homeowners and filing these budgets with the Department of Consumer Affairs. It prohibits homeowners associations from paying utility bills on behalf of homeowners, requiring homeowners to control their utility services.

Establishes financial disclosure requirements for homeowners associations and restricts their ability to pay utility bills on behalf of homeowners.

This bill amends the South Carolina Code to establish financial disclosure requirements for homeowners associations, including sending annual operating budgets to homeowners and filing these budgets with the Department of Consumer Affairs. It prohibits homeowners associations from paying utility bills on behalf of homeowners, requiring homeowners to control their utility services.