Florida's bill to exempt shorter condo buildings from reserve studies died without a hearing
Florida's bill to exempt shorter condo buildings from reserve studies died without a hearing
2026-09-10 · Florida · Legislation · Did not pass
What happened. SB 722, which would have narrowed Florida's structural integrity reserve study mandate and restored an owner vote to waive reserves, died in the Senate Regulated Industries Committee on 13 March 2026. It was filed on 3 December 2025, introduced on 13 January 2026, referred to three committees — Regulated Industries, Community Affairs and Rules — and never placed on an agenda in any of them.1
What the bill proposed
Sen. Rosalind Osgood's bill did three things. It defined “structural integrity reserve study.” It required a SIRS only for associations governing a building of a specified height, and provided expressly that associations governing buildings below that height are not required to conduct one. And it authorised certain condominium associations to elect, by majority vote, to waive or reduce reserve contributions.
That third element is the one that would have moved the most money. Since budgets adopted on or after 31 December 2024, s. 718.112(2)(f)2.b has provided that members of a unit-owner-controlled association required to obtain a SIRS “may not determine to provide no reserves or less reserves than required by this subsection for items listed in paragraph (g).”
What still applies, because the bill failed
The current requirement reaches buildings three habitable stories or higher. The word “habitable” is doing real work there — it was inserted by HB 913 in 2025, and it takes out buildings whose third level is a parking podium or other non-habitable space.
A SIRS must cover the roof; structure; fireproofing and fire protection; plumbing; electrical; waterproofing and exterior painting; windows and exterior doors; and any other item whose deferred maintenance or replacement cost exceeds a threshold the Division now indexes annually. Failure is not merely a compliance problem: under s. 718.112(2)(g)10, a willful and knowing failure “is a breach of an officer's or director's fiduciary relationship to the unit owners under s. 718.111(1).”2
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