Sept 2024

S2760 & A4384 — Structural Integrity & Reserve Funding By Ed San George, MPA, PCAM, Vice Chair New Jersey Legislative Action Committee, INTEGRA Management Corp., AAMC

A s this article is being written we are nearly eight months into the Structural Integrity and Reserve Funding Law (S2760 and A4384), which was signed by the Governor on January 8, 2024. This was a momentous and proudful occurrence for CAI and our industry. Meaningful legis lation that has a positive impact on safeguarding building safety and securing the financial health of our communities is not an everyday legislative accomplishment and benefit. What have we experienced since the enactment of the law? First, it certainly seems that there is widespread awareness and acceptance of the law within community associations and all professionals serving associations. Second, there has been ongoing CAI related educational and training programs focusing on adapting to and implementing the requirements of the law with our constituent homeowner and managerial mem bership along with industry trade associations such as the NJ Relator Association and sessions with both attorneys and engi neers. Lastly, members of the LAC have responded to specific inquiries referred to us by our lead sponsor of the law, Senator Singleton, though very minimal.

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SEPTEMBER 2024