SB 503
Eliminates requirement for unanimous consent of owners of affected lots or units in planned community when method of determining liability for common expenses or right to common profits is changed.
| Status | In House Committee (HHOUSH) |
| Sponsors | Jeff Golden (Democrat) (Chief) |
| Fiscal impact | No fiscal impact |
| Revenue impact | No revenue impact |
Bill Text
Eliminates the requirement for unanimous consent when changing how common expenses or profits are determined in planned communities.
Sponsors#
Chief Sponsors: Jeff Golden
Overview#
Requires Real Estate Agency to study homeowners associations. Directs agency to submit findings to interim committees of Legislative Assembly related to housing no later than September 15, 2024.] Eliminates requirement for unanimous consent of owners of affected lots or units in planned community when method of determining liability for common expenses or right to common profits is changed.
Public Testimony
| Name | Organization | Position | Date |
|---|---|---|---|
| Susan Wrona | Sun Oaks Homeowners Association | Support | 2023-03-06 |
| Penelope Ryan | Salem | Oppose | 2023-04-10 |
| Penelope Ryan | Salem | Oppose | 2023-04-17 |
| John Gibbon | Portland | Oppose | 2023-04-17 |
| Michelle Da Rosa | Milwaukie | Oppose | 2023-04-18 |
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | S | Introduction and first reading. Referred to President's desk. |
| 2023-01-14 | S | Referred to Housing and Development. |
| 2023-03-08 | S | Public Hearing held. |
| 2023-03-15 | S | Work Session held. |
| 2023-03-17 | S | Recommendation: Do pass with amendments. (Printed A-Eng.) |
| 2023-03-20 | S | Second reading. |
| 2023-03-21 | S | Third reading. Carried by Golden. Passed. |
| 2023-03-22 | H | First reading. Referred to Speaker's desk. |
| 2023-03-23 | H | Referred to Housing and Homelessness. |
| 2023-04-13 | H | Public Hearing cancelled. |
| 2023-04-18 | H | Public Hearing held. |
| 2023-06-25 | H | In committee upon adjournment. |