AN ACT relating to property owner associations.

Amend KRS 381.794 to exempt planned communities with 14 or fewer units from financial reporting and document retention requirements; amend KRS 381.9197 to exempt condominiums with 14 or fewer units from financial reporting and document retention requirements.

Introduced: February 24, 2026

Last action: March 17, 2026

To Committee On Committees (H)

Read the full text Kentucky Legislature LegiScan

AI-generated — always verify with primary sources

Plain-language summary

Beta

This bill would free smaller planned communities and condominium associations with 14 or fewer units from having to follow certain financial reporting and record-keeping rules that currently apply to all such associations. It reduces administrative requirements for these small groups without changing the rules for larger developments. Who it may affect: residents and board members of small planned communities or condominium associations with 14 or fewer units.

Open official bill text (PDF)·Report a problem with the summary