Plain English Breakdown
The effective date is listed as empty in the metadata; while the bill passed, it may require further executive action or a specific future date to take effect.
HB2172: Mandatory Expiration and Dissolution of Homeowner Associations
This bill requires homeowner association declarations in Arizona to expire on the later date of January 1, 2127, or one hundred years after their original recording.
What This Bill Does
- Adds section 33-1801.01 to the Arizona Revised Statutes regarding planned communities.
- Requires every homeowner association declaration to expire and become unenforceable on a specific date.
- Mandates that associations dissolve when their declarations expire, regardless of other laws or documents.
- Sets the expiration date as January 1, 2127, or one hundred years after the original recording, whichever is later.
- States that amending an existing declaration does not restart the one-hundred-year time limit.
- Requires dissolved associations to wind up and liquidate their business affairs according to current laws.
Who It Names or Affects
- Homeowner's associations (HOAs) in planned communities across Arizona.
- Property owners within terminated planned communities who may choose to reestablish an association.
Terms To Know
- Declaration
- The official document that creates a planned community and establishes its rules for homeowners.
- Dissolution
- The legal process of ending an organization's existence, such as closing down a homeowner association.
Limits and Unknowns
- The bill does not specify how property owners must vote or act if they choose to reestablish a planned community.
- The text states that associations dissolve on expiration but refers to other laws for specific winding-up procedures without detailing them here.