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• Introduced by Sen. Mary Margaret Haugen, (D-Camano Island) (D) on January 22, 2009, provides that a condominium association with ten units or less and a limited common area is not required to conduct a reserve account study or establish a reserve account.
  • Referred to the Senate Financial Institutions, Housing & Insurance Committee on January 22, 2009.
    • Substitute offered in the Senate on February 19, 2009, to expand the exemption to all associations with ten or fewer owners where two thirds of the owners agree to being exempted. The substitute passed in the Senate by voice vote on February 19, 2009.
  • Referred to the Senate Rules Committee on February 19, 2009.
• Passed in the Senate (44 to 0) on March 6, 2009. [Vote Details and Comments]
• Received in the House on March 10, 2009.
  • Referred to the House Judiciary Committee on March 10, 2009.
    • Amendment offered in the House on March 26, 2009, to add the requirement that the unit owners must agree to maintain the association's exemption from reserve account and study requirements by a two-thirds vote every three years and clarifies that a unit's public offering statement or resale certificate must contain the disclosure required by statute that the association does not have a reserve study, despite the association's exemption from reserve account and study requirements. The amendment passed in the House by voice vote on March 26, 2009.
  • Referred to the House Rules Committee on March 30, 2009.
• Passed in the House (98 to 0) on April 7, 2009. [Vote Details and Comments]
• Signed by Gov. Christine Gregoire on April 30, 2009, condominium associations with ten or fewer condominium owners are exempt from reserve study requirements if two thirds of the owners agree to the exemption. Condominium associations must vote by two-thirds every three years in order to maintain exemption from reserve study requirements. The public offering statement of a unit in an association that exempts itself from the reserve study requirement must disclose that no reserve study is available .