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LCO No. 2398 1 of 7
General Assembly Raised Bill No. 5437
February Session, 2026 LCO No. 2398
Referred to Committee on JUDICIARY
Introduced by:
(JUD)
AN ACT CONCERNING THE APPROVAL PROCESS FOR PROPOSED
BUDGETS AND SPECIAL ASSESSMENTS IN COMMON INTEREST
COMMUNITIES AND THE AVAILABILITY OF A LIST OF NAMES AND
ADDRESSES OF UNIT OWNERS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. Section 47-261e of the general statutes is repealed and the 1
following is substituted in lieu thereof (Effective October 1, 2026): 2
(a) (1) Except as provided in subdivision (2) of this subsection, the 3
executive board, at least annually, shall adopt a proposed budget for the 4
common interest community for consideration by the unit owners. Not 5
later than thirty days after the adoption of a proposed budget, the 6
executive board shall provide to all unit owners a summary of the 7
proposed budget, including a statement of the amount of any reserves, 8
and a statement of the basis on which such reserves are calculated and 9
funded. Simultaneously, the board shall set a date not less than ten days 10
or more than sixty days after providing the summary for either a 11
meeting of the unit owners or a vote by ballot without a meeting to 12
consider approval or rejection of the proposed budget. If, at that meeting 13
or in the vote by ballot, a majority of all unit owners or any larger 14
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number specified in the declaration votes to approve the proposed 15
budget, the proposed budget shall be approved. If, at that meeting or in 16
the vote by ballot, a majority of all unit owners or any larger number 17
specified in the declaration votes to reject the proposed budget, the 18
proposed budget shall be rejected. [If, at that meeting or in the vote by 19
ballot, a majority of all unit owners or any larger number specified in 20
the declaration does not vote to reject the proposed budget, the 21
proposed budget shall be approved. The absence of a quorum at such 22
meeting or participating in the vote by ballot shall not affect rejection or 23
approval of the proposed budget.] If a proposed budget is rejected, the 24
budget last approved by the unit owners continues until unit owners 25
approve a subsequent budget. [If a proposed budget is not rejected in 26
accordance with the provisions of this subdivision, the proposed budget 27
shall be deemed approved.] 28
(2) The executive board of an association of a common interest 29
community, or of a master association as defined in section 47 -239 30
exercising the powers on behalf of one or more common interest 31
communities or for the benefit of the unit owners of one or more 32
common interest communities, which community or communities were 33
established prior to July 3, 1991, and have more than two thousand four 34
hundred residential units, at least annually, shall adopt a proposed 35
budget for the common interest community for consideration by the 36
unit owners. Not later than thirty days after the adoption of a proposed 37
budget, the executive board shall provide to all unit owners a summary 38
of the proposed budget, including a statement of the amount of any 39
reserves, and a statement of the basis on which such reserves are 40
calculated and funded. Simultaneously, the board shall set a date not 41
less than ten days or more than sixty days after providing the summary 42
for either a meeting of the unit owners or a vote by ballot without a 43
meeting to consider approval or rejection of the proposed budget. If, at 44
that meeting or in the vote by ballot, a majority of unit owners actually 45
voting votes to reject the proposed budget, the proposed budget shall 46
be rejected, provided not less than thirty-three and one-third per cent of 47
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the unit owners entitled to vote on the proposed budget vote at that 48
meeting or in the vote by ballot to reject the proposed budget. If an 49
association's declaration or bylaws include quorum requirements for a 50
meeting, the absence of a quorum at such meeting or participating in the 51
vote by ballot shall not affect rejection or approval of the proposed 52
budget. If a proposed budget is rejected, the budget last approved by 53
the unit owners continues until unit owners approve a subsequent 54
budget. If a proposed budget is not rejected in accordance with the 55
provisions of this subdivision, the proposed budget shall be deemed 56
approved. 57
(b) (1) Except as provided in subdivision (2) of this subsection, the 58
executive board, at any time, may propose a special assessment. Not 59
later than thirty days after adoption of a proposed special assessment, 60
the executive board shall provide to all unit owners a summary of the 61
proposed special assessment. Unless the declaration or bylaws 62
otherwise provide, if the proposed special assessment, together with all 63
other special and emergency assessments proposed by the executive 64
board in the same calendar year, does not exceed fifteen per cent of the 65
association's last adopted periodic budget for that calendar year, the 66
proposed special assessment is effective without approval of the unit 67
owners. Otherwise, the board shall set a date not less than ten days or 68
more than sixty days after providing the summary for either a meeting 69
of the unit owners or a vote by ballot without a meeting to consider 70
approval or rejection of the proposed special assessment. If, at that 71
meeting or in the vote by ballot, a majority of all unit owners or any 72
larger number specified in the declaration votes to approve the 73
proposed special assessment, the proposed special assessment shall be 74
approved. If, at that meeting or in the vote by ballot , a majority of all 75
unit owners or any larger number specified in the declaration votes to 76
reject the special assessment, the special assessment shall be rejected. [If, 77
at such meeting or in the balloting, a majority of all unit owners or any 78
larger number specified in the declaration does not vote to reject the 79
special assessment, the special assessment shall be approved. The 80
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absence of a quorum at such meeting or participating in the vote by 81
ballot shall not affect the rejection or approval of the special assessment. 82
If a proposed special assessment is not rejected in accordance with the 83
provisions of this subdivision, the proposed special assessment shall be 84
deemed approved.] 85
(2) The executive board of an association of a common interest 86
community, or of a master association as defined in section 47 -239 87
exercising the powers on behalf of one or more common interest 88
communities or for the benefit of the unit owners of one or more 89
common interest communities, which community or communities were 90
established prior to July 3, 1991, and have more than two thousand four 91
hundred residential units, at any time, may propose a special 92
assessment. Not later than thirty days after adoption of a proposed 93
special assessment, the executive board shall provide to all unit owners 94
a summary of the proposed special assessment. Unless the declaration 95
or bylaws otherwise provide, if the proposed special assessment, 96
together with all other special and emergency assessments proposed by 97
the executive board in the same calendar year, does not exceed fifteen 98
per cent of the association's last adopted periodic budget for that 99
calendar year, the proposed special assessment is effective without 100
approval of the unit owners. Otherwise, the board shall set a date not 101
less than ten days or more than sixty days after providing the summary 102
for either a meeting of the unit owners or a vote by ballot without a 103
meeting to consider approval or rejection of the proposed special 104
assessment. If, at that meeting or in the vote by ballot, a majority of unit 105
owners actually voting votes to reject the proposed special assessment, 106
the proposed special assessment shall be rejected, provided not less than 107
thirty-three and one-third per cent of the unit owners entitled to vote on 108
the proposed special assessment vote at that meeting or in the vote by 109
ballot to reject the proposed special assessment. If an association's 110
declaration or bylaws include quorum requirements for a meeting, the 111
absence of a quorum at such meeting or participating in the vote by 112
ballot shall not affect the rejection or approval of the proposed special 113
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assessment. If a proposed special assessment is not rejected in 114
accordance with the provisions of this subdivision, the proposed special 115
assessment shall be deemed approved. 116
(c) If the executive board determines by a two -thirds vote that a 117
special assessment is necessary to respond to an emergency: (1) The 118
special assessment becomes effective immediately in accordance with 119
the terms of the vote; (2) notice of the emergency assessment must be 120
provided promptly to all unit owners; and (3) the executive board may 121
spend the funds paid on account of the emergency assessment only for 122
the purposes described in the vote. 123
(d) Notwithstanding any provision of the declaration or bylaws to the 124
contrary, at least fourteen days prior to entering into any loan 125
agreement on behalf of the association, the executive board shall (1) 126
disclose in a record to all unit owners the amount and terms of the loan 127
and the estimated effect of such loan on any common expense 128
assessment, and (2) afford the unit owners a reasonable opportunity to 129
submit comments in a record to the executive board with respect to such 130
loan. 131
(e) Unless prohibited or otherwise limited in the declaration, if the 132
executive board proposes to enter into a loan agreement on behalf of the 133
association and to assign its right to future income as security for such 134
loan pursuant to subdivision (14) of subsection (a) of section 47 -244, 135
then, in addition to satisfying the requirements of subsection (d) of this 136
section, unit owners of units to which at least a majority of the votes in 137
the association are allocated, or any larger percentage or fraction stated 138
in the declaration, must vote in favor of or agree to such assignment. 139
Sec. 2. Subsection (a) of section 47 -260 of the general statutes is 140
repealed and the following is substituted in lieu thereof ( Effective from 141
passage): 142
(a) An association shall retain the following: 143
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(1) Detailed records of receipts and expenditures affecting the 144
operation and administration of the association and other appropriate 145
accounting records, including, but not limited to, records relating to 146
reserve accounts, if any; 147
(2) Minutes of all meetings of its unit owners and executive board 148
other than executive sessions, a record of all actions taken by the unit 149
owners or executive board without a meeting, and a record of all actions 150
taken by a committee in place of the executive board on behalf of the 151
association; 152
(3) The names of unit owners in a form that permits preparation of a 153
list of the names of all unit owners and the addresses at which the 154
association communicates with the unit owners, in alphabetical order 155
showing the number of votes each unit owner is entitled to cast . Upon 156
request of a unit owner, such list of names and addresses of unit owners 157
shall be provided , or electronically transmitted, to the unit owner 158
making the request free of charge. In addition, the common interest 159
community shall include such list of names and addresses on the 160
Internet web site of such community if the community maintains such 161
an Internet web site. Any such list of the names and addresses 162
maintained on the Internet web site of the common interest community 163
shall be updated not less than annually; 164
(4) The association's original or restated organizational documents, if 165
required by law other than this chapter, bylaws and all amendments to 166
the bylaws, and all rules currently in effect; 167
(5) All financial statements and tax returns of the association for the 168
past three years; 169
(6) A list of the names and addresses of the association's current 170
executive board members and officers; 171
(7) The association's most recent annual report delivered to the 172
Secretary of the State, if any; 173
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(8) Financial and other records sufficiently detailed to enable the 174
association to comply with section 47-270; 175
(9) Copies of current contracts to which the association is a party; 176
(10) Records of executive board or committee actions to approve or 177
deny any requests for design or architectural approval from unit 178
owners; and 179
(11) Ballots, proxies and other records related to voting by unit 180
owners for one year after the election, action or vote to which they relate. 181
This act shall take effect as follows and shall amend the following
sections:
Section 1 October 1, 2026 47-261e
Sec. 2 from passage 47-260(a)
Statement of Purpose:
To (1) require an affirmative vote of a majority of all unit owners in order
to secure passage of the proposed budget or a proposed special
assessment in a common interest community, and (2) improve the
process that permits a unit owner to request and receive a list of names
and addresses of the other unit owners.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
underlined.]