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Governor Inks Bill Creating More Accountability for Condominium Board Members

May 1st, 2008 by flanews

Condo associations statewide will now face tougher regulations. With the stroke of a pen Governor Charlie Crist signed a bill into law mandating more transparency in the business transactions of condo boards. Theres been increasing frustration among unit owners over unexplained fee hikes and embezzlement scams. Governor Charlie Crist, who rents a condo in St. Petersburg, says this law is about accountability.

People who live in communities where theyre multifamily, that are frustrated with some of the rules and regulations or sometimes a very challenging rule, what theyve done is given power back to the people, Crist said.

Under the new law condo owners will be able to request official documents from their associations board of directors.

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