BILL NUMBER: AB 1726
VETOED DATE: 09/30/2010
To the Members of the California State Assembly:
I am returning Assembly Bill 1726 without my signature.
This bill would allow a homeowners association (HOA) of a common
interest development (CID) unable to achieve a quorum for a member
meeting or an election of directors to lower the quorum requirement
for the second election to 40% and for the third or additional
elections to 33%, unless otherwise specified in the CID's governing
documents.
I believe that this bill is unnecessary because existing law allows a
HOA to amend its governing documents to establish a lower quorum. I
am also concerned that this bill would interfere with the basic
democratic principle of CIDs.
For these reasons I cannot sign this bill.
Sincerely,
Arnold Schwarzenegger