New Jersey legislation · 2026-2027 Regular Session
New Jersey S4508: Real estate developments, planned-modifies capital reserve funding req for assc
Status: In committee, June 24, 2026
Modifies capital reserve funding requirement for associations of planned real estate developments.
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 24, 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 …
Sponsors
- Vincent J. Polistina (R, 2) · primary sponsor
- Parker Space (R, 24)
- Robert W. Singer (R, 30)
Latest actions
- : INT 1RS REF SCU
Subjects: HOUSING - FINANCE
Common questions
- What is S4508?
- S4508 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 S4508 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 S4508?
- In committee as of June 24, 2026. Latest action: INT 1RS REF SCU (June 24, 2026).
- Who sponsored S4508?
- Vincent J. Polistina (R, 2), with 2 co-sponsors.
- Where is the official record for S4508?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/S4508
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.