b. The structural integrity reserve study may recommend that reserves for replacement costs do not need to be maintained for any item with an estimated remaining useful life of greater than 25 years, but the study may recommend a deferred maintenance expense amount for such item. If the structural integrity reserve study recommends reserves for any item for which reserves are not required under this paragraph, the amount of the recommended reserves for such item must be separately identified in the structural integrity reserve study as an item for which reserves are not required under this paragraph. c. The structural integrity reserve study must take into consideration the funding method or methods used by the association to fund its maintenance and reserve funding obligations through regular assessments, special assessments, lines of credit, or loans. If the structural integrity reserve study is performed before the association has approved a special assessment or secured a line of credit or a loan, the structural integrity reserve study must be updated to reflect the funding method selected by the association and its effect on the reserve funding schedule, including any anticipated change in the amount of regular assessments. The structural integrity reserve study may be updated to reflect any changes to the useful life of the reserve items after such items are repaired or replaced, and the effect such repair or replacement will have on the reserve funding schedule. The association must obtain an updated structural integrity reserve study before adopting any budget in which the reserve funding from regular assessments, special assessments, lines of credit, or loans do not align with the funding plan from the most recent version of the structural integrity reserve study. 9. If the association completes a milestone inspection required by s. 553.899, or an inspection completed for a similar local requirement, the association may delay performance of a required structural integrity reserve study for no more than the two consecutive budget years immediately following the milestone inspection in order to allow the association to focus its financial resources on completing the repair and maintenance recommendations of the milestone inspection. 10.8. If the officers or directors of an association willfully and knowingly fail to complete a structural integrity reserve study pursuant to this paragraph, such failure is a breach of an officer’s and director’s fiduciary relationship to the unit owners under s. 719.104(9). An officer or a director of the association must sign an affidavit acknowledging receipt of the completed structural integrity reserve study. 13. The division shall adopt by rule the form for the structural integrity reserve study in coordination with the Florida Building Commission. F.S. 719.128 , Association emergency powers (1) To the extent allowed by law, unless specifically prohibited by the cooperative documents, and consistent with s. 617.0830, the board of administration, in response to damage or injury caused by or anticipated in connection with an emergency, as defined in s. 252.34(4), for which a state of emergency is declared pursuant to s. 252.36 in the area encompassed by the cooperative, may exercise the following powers: (i) Require the evacuation of the cooperative property in the event of a mandatory an evacuation order in the area in which where the cooperative is located or prohibit or restrict access to the cooperative property in the event of a public health threat. If a unit owner or other occupant of a cooperative fails or refuses to evacuate the cooperative
property for which the board has required evacuation, the association is immune from liability for injury to persons or property arising from such failure or refusal. F.S. 719.501 Powers and duties of Division of Florida Condominiums, Time shares, and Mobile Homes. - (2)(c) A cooperative association shall create and maintain an online account with the division, as required in subsection (3). (3) On or before October 1, 2025, all cooperative associations shall create and maintain an online account with the division and provide information requested by the division in an electronic format determined by the division. The division shall adopt rules to implement this subsection. The division may require cooperative associations to provide such information no more than once per year, except that the division may require cooperative associations to update their contact information in paragraph (a) within 30 days after any change. The division shall provide a cooperative association at least a 45-day notice of any requirement to provide any required information after the cooperative association creates an online account. The information that the division may require associations to provide is limited to: (a) The contact information for the association that includes all of the following: 1. The name of the association. 2. The physical address of the cooperative property. 3. The mailing address and county of the association. 4. The email address and telephone number for the association. 5. The name and board title for each member of the association’s board. 6. The name and contact information of the association’s community association manager or community association management firm, if applicable. 7. The hyperlink or website address of the association’s website, if applicable. (b) The total number of buildings and for each building in the association: 1. The total number of stories of each building, including both habitable and uninhabitable stories. 2. The total number of units. 3. The age of each building based on the certificate of occupancy. 4. Any construction commenced on the common elements within the previous calendar year. (c) The association’s assessments, including the: 1. Amount of assessment or special assessment by unit type, including reserves. 2. Purpose of the assessment or special assessment. 3. Name of the financial institution or institutions with which the association maintains accounts. (d) A copy of any structural integrity reserve study and any associated materials requested by the department. The association must provide such materials within 5 business days after such request, in a manner prescribed by the department. F.S. 719.503 Disclosure prior to sale. NOTE: Changes to this section include-replacing the word “prior to” with “before”; recission periods. (2) NONDEVELOPER DISCLOSURE. - (c) Each contract entered into after July 1, 1992, for the resale of an interest in a cooperative shall contain in conspicuous type either:
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