# Maryland SB 0063: Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans

Maryland SB 0063, Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans, is a 2025 Regular Session Senate bill sponsored by C. Anthony Muse (Democratic); status signed, last action 2025-05-13 (Approved by the Governor - Chapter 518) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-SB0063-2025RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0063
- State: Maryland
- Session: 2025 Regular Session
- Title: Cooperative Housing Corporations, Condominiums, and Homeowners Associations – Funding of Reserve Accounts and Preparation of Funding Plans
- Status: signed
- Chamber: Senate
- Introduced: 2024-11-01
- Last action: 2025-05-13, Approved by the Governor - Chapter 518
- Sponsor: C. Anthony Muse (Democratic)
- Cosponsors: 0
- Subjects: Real Property, Corporations and Associations, Architects, Budgets -see also- Capital Budgets, Building Maintenance and Repair, Condominiums, Contracts -see also- Procurement, Engineers, Health -see also- COVID19; EnvHlth; MedCon; etc., Heating and Cooling, Homeowners Associations, Meetings -see also- Hearings; Open Government, Notices, Plumbing, Prices -see also- Consumer Price Index, Records -see also- Land Records; Vital Records, Residential Property -see also- Apartments; Condominiums, Safety -see also- Occupational Safety, Sewage, Standards and Best Practices, Studies -see also- Commitees & Commissions; Reports, Time, Utilities -see also- Recycl; Refuse; Sewage; Teleph; Water, Voting -see also- Absentee and Mail-In Voting
- Touches household money: no
- Roll calls: 2 (138 yes, 42 no in all)
- Economic provisions PRIA read: 8

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Cooperative members get fuller cost reporting: benefit, low. When a Maryland cooperative’s reserve study calls for reserve funding, its budget must report each capital item’s current estimated replacement cost. The former $10,000 reporting threshold no longer applies. Members get more complete information about future replacement costs.
- Condo reserve budget reporting rule removed: cost, low. Maryland condominium budgets no longer have a separate requirement to report replacement costs over $10,000 with the reserve budget item. Removing this specific reporting rule does not itself change required reserve deposits. It also does not remove the law’s separate reserve-study and budget discl…
- Housing associations gain temporary hardship relief: mixed, medium. Maryland cooperative, residential condominium, and covered homeowners association boards can approve reasonable reserve-funding changes for financial hardship by a two-thirds vote. Each approval lasts up to one fiscal year, and each one-year renewal requires another two-thirds vote. Funding must st…
- Housing associations get longer reserve deadlines: mixed, medium. Maryland cooperatives, residential condominiums, and covered homeowners associations must fund repair reserves using their latest study and funding plan. Required deposits are due by the last day of each fiscal year. After an initial study, they have 5 fiscal years following its completion year—not…
- Housing boards must plan repair funding: mixed, medium. Maryland cooperatives, condominiums, and covered homeowners associations must create reserve funding plans with help from a qualified person. Plans must prioritize health, safety, structural strength, essential systems, and other critical needs chosen by the board. Boards must choose component, cas…
- Cooperatives and condos need detailed studies: mixed, low. Maryland cooperative and residential condominium reserve studies must list covered repair items and each item’s size or quantity. Any board-set minimum cost for including items must reasonably reflect the association’s expenses. Beginning October 1, 2025, condominium studies can leave out minor exp…
- Cooperatives need qualified reserve study updates: mixed, low. Maryland cooperative reserve-study updates must meet the same preparer qualification rules as initial studies. A preparer qualifies through personally preparing at least 30 studies in the last 3 calendar years. Alternatively, the person qualifies through participation in at least 30 studies while e…
- Homeowners associations face revised study coverage: mixed, low. Beginning October 1, 2025, Maryland homeowners association reserve-study coverage uses repair or replacement costs, rather than purchase and installation costs. Coverage requires responsibility under the declaration for common-area maintenance and repairs, with identified components totaling at lea…

## Sponsors and cosponsors

- Sponsor: C. Anthony Muse (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-01 | House | Third Reading Passed | pass | 100 | 36 |   |
| 2025-03-14 | Senate | Third Reading Passed | pass | 38 | 6 | 1 |

## Actions (17)

- 2025-05-13: Approved by the Governor - Chapter 518
- 2025-04-02: Returned Passed (Senate)
- 2025-04-01: Third Reading Passed (100-36) (House)
- 2025-03-31: Favorable Adopted Second Reading Passed (House)
- 2025-03-31: Favorable Report by Environment and Transportation (House)
- 2025-03-19: Hearing 3/25 at 1:00 p.m. (House)
- 2025-03-15: Referred Environment and Transportation (House)
- 2025-03-14: Third Reading Passed (38-6) (Senate)
- 2025-03-13: Motion Special Order until 3/14 (Senator King) (Senate)
- 2025-03-12: Second Reading Passed with Amendments (Senate)
- 2025-03-12: Favorable with Amendments {463923/1 Adopted (Senate)
- 2025-03-12: Motion Laid Over (Senator Hershey) Adopted (Senate)
- 2025-03-12: Favorable with Amendments {463923/1 (Senate)
- 2025-03-12: Favorable with Amendments Report by Judicial Proceedings (Senate)
- 2025-01-09: Hearing 1/21 at 2:30 p.m. (Senate)
- 2025-01-08: First Reading Judicial Proceedings (Senate)
- 2024-11-01: Pre-filed (Senate)

## Bill text

- Enacted, 2025-05-13: [PDF](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_518_sb0063t.pdf)
- Third Reading, 2025-03-12: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0063t.pdf)
- First Reading, 2025-01-08: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0063f.pdf)

## Related bills

- SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions (vetoed)
- HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination Review Process (vetoed)
- HB 0384: Maryland Disability Service Animal Program - Established (vetoed)
- SB 0157: Maryland Disability Service Animal Program - Established (vetoed)
- HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization (became law)
- HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard (signed)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_518_sb0063t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0063t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0063f.pdf)

## Related
- [SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions](https://policyrisk.com/state-bill/MD-SB0227-2025RS)
- [HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination…](https://policyrisk.com/state-bill/MD-HB0482-2025RS)
- [HB 0384: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-HB0384-2025RS)
- [SB 0157: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-SB0157-2025RS)
- [HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization](https://policyrisk.com/state-bill/MD-HB1294-2025RS)
- [HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard](https://policyrisk.com/state-bill/MD-HB0228-2025RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
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Source: PRIA, https://policyrisk.com/state-bill/MD-SB0063-2025RS (as of 2026-10-19).