Checkmark
Legislation watch

Search all years.

2013 House Bill 4355: Revise condominium audit standards

Public Act 134 of 2013

Introduced by Rep. Paul D. Clemente (D) on February 28, 2013
To allow a majority of a condominium association's members to choose not to obtain an annual audit if the association has annual revenues of less than $100,000, and instead only require that a certified public accountant review the books.   Official Text and Analysis.
Referred to the House Regulatory Reform Committee on February 28, 2013
Reported in the House on May 14, 2013
With the recommendation that the substitute (H-3) be adopted and that the bill then pass.
Substitute offered in the House on June 4, 2013
To lower the threshold for the proposed option to condo associations with less than $20,000 in annual revenue.
The substitute passed by voice vote in the House on June 4, 2013
Amendment offered by Rep. Paul D. Clemente (D) on June 4, 2013
To clarify the means by which the association votes on the proposed option.
The amendment passed by voice vote in the House on June 4, 2013
To allow a majority of a condominium association's members to choose not to obtain an annual audit if the association has annual revenues of less than $20,000, and instead only require that a certified public accountant review the books.
Received in the Senate on June 6, 2013
Referred to the Senate Regulatory Reform Committee on June 6, 2013
Reported in the Senate on September 24, 2013
With the recommendation that the bill pass.
Signed by Gov. Rick Snyder on October 15, 2013

Comments