New Jersey A5306: Real estate developments, planned-modifies capital reserve funding req for assc

What the bill says

An Act modifying the capital reserve funding requirement for associations of planned real estate developments and amending P.L.2023, c.214.

From the introduced text, June 23, 2026:

An Act modifying the capital reserve funding requirement for associations of planned real estate developments and amending P.L.2023, c.214. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 6 of P.L.2023, c.214 (C.45:22A-44.2) is amended to read: 6. a. Any association of a planned real estate development shall undertake and fund a capital reserve study which shall determine or assess the adequacy of the association's capital reserve funds to meet the anticipated costs of replacement or repair of the capital assets of a common interest community that the association is obligated to maintain. All capital reserve studies shall be prepared in conformity with the latest edition of the National Reserve Study Standards of the Community Associations Institute or similar standards by another recognized national organization. A capital reserve study conducted pursuant to this section shall be performed or overseen by a reserve specialist who is credentialed through the Community Associations Institute or an engineer or architect who is licensed by the State and shall include, but be not limited to, the following: (1) the association's capital reserve fund balances; (2) the association's anticipated income and expenses; (3) an analysis of the physical status and of the common area components of the buildings and other common areas that the association is obligated to …

Read the full official text

Sponsors

• Donald A. Guardian (R, 2) · primary sponsor
• Maureen Rowan (D, 2) · primary sponsor
• Dawn Fantasia (R, 24)
• Michael Inganamort (R, 24)

Latest actions

1. June 23, 2026: INT 1RA REF AHO

Common questions

What is A5306?

A5306 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Real estate developments, planned-modifies capital reserve funding req for assc.

What does A5306 do?

In its own words: An Act modifying the capital reserve funding requirement for associations of planned real estate developments and amending P.L.2023, c.214.

What is the status of A5306?

In committee as of June 23, 2026. Latest action: INT 1RA REF AHO (June 23, 2026).

Who sponsored A5306?

Donald A. Guardian (R, 2), with 3 co-sponsors.

Where is the official record for A5306?

On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A5306