California legislation · 2025-2026 Regular Session
California AB2050: Common interest developments: reserve accounts.
Status: Chaptered, September 29, 2026
What the bill says
An act to amend, repeal, and add Section 5550 of, and to add Section 5552 to, the Civil Code, relating to common interest developments. common interest developments Common interest developments: reserve accounts…
From the chaptered text, September 29, 2026:
An act to amend, repeal, and add Section 5550 of, and to add Section 5552 to, the Civil Code, relating to common interest developments. common interest developments Common interest developments: reserve accounts. Existing law, the Davis-Stirling Common Interest Development Act, governs the management and operation of common interest developments, and requires an association to manage a common interest development, including requiring the association to levy regular and special assessments sufficient to perform its obligations, subject to specified limitations on increases in those assessments. The act requires an association to distribute an annual budget report 30 to 90 days before the end of its fiscal year. Under existing law, that budget report includes, among other things, a summary of the association’s reserve accounts. The act requires an association to perform a study of the reserve account requirements, as defined, and, as part of that study, cause to be conducted a visual inspection of the accessible areas of major components that the association is obligated to repair, replace, restore, or maintain. This bill would, beginning January 1, 2032, revise the requirement to perform a study of the reserve account requirements to, among other things, include the minimum reserve contribution level to prevent the projected association reserve account balance from falling below zero over the following 30 years. The bill would require an …
Sponsors
- Jessica Caloza (D, AD52) · primary sponsor
- Diane Dixon (R, AD72)
- Zbur, Rick Chavez (D, AD51)
Latest actions
- : Chaptered by Secretary of State - Chapter 796, Statutes of 2026.
- : Approved by the Governor.
- : Enrolled and presented to the Governor at 4 p.m.
- : Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 65. Noes 4. Page 6639.).
- : Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 65. Noes 4.).
- : In Assembly. Concurrence in Senate amendments pending.
- : Read third time. Passed. Ordered to the Assembly. (Ayes 30. Noes 3.).
- : Read second time. Ordered to third reading.
- : Read third time and amended. Ordered to second reading.
- : Read second time. Ordered to third reading.
Votes
- Assembly 3rd Reading AB2050 Caloza et al. By Laird (August 26, 2026): 30 yea, 3 nay, passed
- AB 2050 Caloza Concurrence in Senate Amendments (August 26, 2026): 65 yea, 4 nay, passed
- Do pass (August 3, 2026): 4 yea, 1 nay, passed
- Do pass, but first be re-referred to the Committee on [Appropriations] (June 30, 2026): 12 yea, 0 nay, passed
- Do pass as amended, but first amend, and re-refer to the Committee on [Judiciary] (June 16, 2026): 7 yea, 1 nay, passed
- AB 2050 Caloza Assembly Third Reading (May 11, 2026): 59 yea, 7 nay, passed
Common questions
- What is AB2050?
- AB2050 is a bill in the California Legislature (2025-2026 Regular Session): Common interest developments: reserve accounts.
- What does AB2050 do?
- In its own words: An act to amend, repeal, and add Section 5550 of, and to add Section 5552 to, the Civil Code, relating to common interest developments. common interest developments Common interest developments: reserve accounts…
- What is the status of AB2050?
- Chaptered as of September 29, 2026. Latest action: Chaptered by Secretary of State - Chapter 796, Statutes of 2026. (September 29, 2026).
- Who sponsored AB2050?
- Jessica Caloza (D, AD52), with 2 co-sponsors.
- Where is the official record for AB2050?
- On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB2050
Source: official California record. Tracked by Delilah, AI for legislation across all 50 states and Congress.