Florida’s New Condo Law: What Community Leaders Need to Know About Kickback Penalties
Are You Prepared for Florida’s New Condo Law? Understanding the Stakes for Board Members and Managers In a move to uphold transparency and prevent conflicts of interest in condo governance, Florida legislators have enacted new penalties for condo board members and managers who solicit or accept “kickbacks.” Effective July 1, 2024, House Bill 1021 establishes that certain interactions with vendors—like accepting gifts, perks, or services—now qualify as third-degree felonies if they create a conflict of interest. The consequences? Severe, including potential prison time, fines, and removal from office. For condo board leaders, this new law introduces a heightened need for ethical vigilance. Let’s explore the ins and outs of this legal change, what it means for condo board interactions with