Structural Integrity Reserve Studies

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Modified: June 30, 2025

Article

Condominium & Cooperative Associations

CS/CS/HB 913

 

Structural Integrity Reserve Studies

pp. 63–99, 142–155; §718.112 and §719.106, F.S.

 

Makes condominium properties that are three habitable stories or more in height subject to SIRS requirements.

 

Increases the threshold for non-specified items that must be included in the SIRS from $10,000 to $25,000, or the inflation-adjusted amount determined by the Division, whichever is greater.

 

Specifies that, at a minimum, an association’s SIRS must include a recommendation for a reserve funding schedule based on a baseline funding plan that provides a reserve funding goal in which the reserve funding for each budget year is sufficient to maintain the reserve cash balance above zero.

 

Allows a SIRS to recommend other types of reserve funding schedules, provided that each recommended schedule is sufficient to meet the association's maintenance obligation.

 

Under the bill, if a SIRS recommends reserves for any item for which reserves are not required, the amount of the recommended reserves for such item must be separately identified in the SIRS as an item for which reserves are not required.

 

Requires an association’s SIRS to 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 SIRS is performed before the association has approved a special assessment or secured a line of credit or a loan, the SIRS 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.

 

Specifies that:

  • The SIRS 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 SIRS 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 SIRS.

 

Clarifies that four-family dwelling units with three or fewer habitable stories are exempt from the SIRS requirements, similar to such units’ exemption from the milestone inspection requirements.

 

Extends the deadline for condominium associations existing on or before July 1, 2022, which are controlled by unit owners other than the developer, to have a SIRS completed by December 31, 2025.

 

Requires an officer or director of an association to sign an affidavit acknowledging receipt of a completed SIRS.

 

Requires the Division to adopt by rule the form for the SIRS in coordination with the Florida Building Commission.

 

Effective date: July 1, 2025, unless otherwise provided in the bill.

Chapter No. 2025-175, LOF