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REGULATIONS
Vol. 25 Iss. 4 - October 27, 2008TITLE 18. PROFESSIONAL AND OCCUPATIONAL LICENSINGCOMMON INTEREST COMMUNITY BOARDChapter 60Final RegulationREGISTRAR’S NOTICE: The Common Interest Community Board is claiming an exemption from the Administrative Process Act in accordance with § 2.2-4006 A 4 a of the Code of Virginia, which excludes regulations that are necessary to conform to changes in Virginia statutory law where no agency discretion is involved. The Common Interest Community Board will receive, consider and respond to petitions by any interested person at any time with respect to reconsideration or revision.
Title of Regulation: 18VAC48-60. Common Interest Community Management Information Fund Regulations (adding 18VAC48-60-10 through 18VAC48-60-60).
Statutory Authority: § 54.1-2349 of the Code of Virginia.
Effective Date: November 27, 2008.
Agency Contact: Trisha Henshaw, Executive Director, Common Interest Community Board, Department of Professional and Occupational Regulation, 9960 Mayland Drive, Suite 400, Richmond, VA 23233, telephone (804) 367-8510, FAX (804) 527-4298, or email cic@dpor.virginia.gov.
Summary:
The new regulation establishes the annual reporting requirements and fees of associations that are under the purview of the Common Interest Community Board. The only change in transferring the regulation from the Real Estate Board to the Common Interest Community Board is the replacement of all references to "Real Estate Board" with "Common Interest Community Board."
CHAPTER 60
COMMON INTEREST COMMUNITY MANAGEMENT INFORMATION FUND REGULATIONS18VAC48-60-10. Purpose.
These regulations govern the exercise of powers granted to and the performance of duties imposed upon the Common Interest Community Board by §§ 54.1-2350, 55-79.93:1, 55-504.1, 55-516.1 and 55-528 of the Code of Virginia.
18VAC48-60-20. Annual report by association.
"Association" shall be as defined in § 55-528 of the Code of Virginia. Each association annual report shall be on the form designated by the board or shall be a copy of the annual report filed with the State Corporation Commission. Such report shall be accompanied by the fee established by this chapter.
18VAC48-60-30. Annual report by condominium association.
Within 30 days after the date of termination of the declarant control period, and every year thereafter, an association shall file an annual report with the board.
18VAC48-60-40. Annual report by cooperative association.
Within 30 days after the date of termination of the declarant control period, and every year thereafter, an association shall file an annual report with the board.
18VAC48-60-50. Annual report by property owners' association.
Within the meaning and intent of § 55-516.1 of the Code of Virginia, within 30 days of the creation of the association, and every year thereafter, the association shall file an annual report with the board.
18VAC48-60-60. Registration fee.
The following fee schedule is based upon the size of each residential common interest community. The application fee is different than the annual renewal fee. All fees are nonrefundable.
Number of Lots/Units
Application Fee
Renewal Fee
1-50
$45
$30
51-100
$65
$50
101-200
$100
$80
201-500
$135
$115
501-1000
$145
$130
1001-5000
$165
$150
5001+
$180
$170
Registration certificates are renewable the month following the association's annual meeting.
NOTICE: The forms used in administering the above regulation are not being published; however, the name of each form is listed below. The forms are available for public inspection by contacting the agency contact for this regulation, or at the office of the Registrar of Regulations, General Assembly Building, 2nd Floor, Richmond, Virginia.
FORMS (18VAC48-60)
Community Association Registration Application, ASSOCANRPT (eff. 09/04/08).
CIC Annual Renewal Report, CICANRENRPT (eff. 09/04/08).
Declarant Annual Report for Condominium, condo annual report (eff. 09/04/08).
Time-Share Annual Report, TSANRPT (eff. 09/04/08).
VA.R. Doc. No. R09-1575; Filed October 3, 2008, 2:41 p.m.
