Property Owners' Association Act; salary information of employee shall be available for examination. (HB2305)

Introduced By

Del. Morgan Griffith (R-Salem)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Property Owners' Association Act; access to books and records. Eliminates the requirement that aggregate salary information of employees of a property owners' association be available for examination and copying by association members. Amends § 55-510 (“Access to association records; association meetings; notice.”), of the Code of Virginia. View Full Text »

Outcome

Bill Has Passed
View Bill's History

Comments

cindy writes:

If the property owners of the association are paying the salary as part of the homeonwers dues, shouldn't they know the amount?What happened to transparency.Leave the POA act alone.

Jason writes:

The bill actually promotes transparency to the property owners of an association. This bill allows members of a homeowners association to have access to the individual salary amounts of association employees. Under the present act, the association only releases aggregate salaries of all of its employees so this bill will require the association to provide the same level of salary disclosure that local governments provide.

Doug writes:

This Should not pass. By definition an HOA is Non-stock Corporation not a government entity the comparison is not valid. As a past President of a very large HOA the board of directors had and has access to detail salary information. HOA’s are managed like private business and should have the right of a business

Alison Hymes writes:

If the board knows, doesn't every member of the HOA know if they want to? Or is there some confidentialty requirement imposed on the board presently? This bill is confusing to me.

Sergeant Schultz, CAI General Staff writes:

If der homeowners know how much der guards get paid, it could be bad fur der guards. Zome of us makes more den der homeowners!

Der homeowners could schtart der gerfunmakin und der gerjokin about der Board und der management company. Next zing you know - dere could be ESCAPES!

CAI believes ziz vould be bad fur der business. Ve don't even vant der BOARD to know der zaleries!

Your pal,

Schultzie
Sgt Schultz
CAI General Staff

Alison Hymes writes:

You know, it worries me that a former HOA past-President is so opposed to this bill. It makes it seem as if HOA's might have something to hide about how much they are paying managers or that they worry that owners will compare services rendered to salaries paid and decide to look elsewhere for a management company offering a better deal.