SIRS Reserve Funding Under HB 913: What Actually Changed
HB 913 (2025) changed how Florida condominium associations fund reserves and approve special assessments. A lot of what is written about it online is wrong, especially the claim that boards can now assess owners without a vote. Here is the accurate version, checked against the Florida Senate’s own bill summary.
What actually changed on reserves
HB 913 raised the reserve-item funding threshold from $10,000 to $25,000, with inflation adjustment starting February 1, 2026. Insurance coverage valuations must now be based on current independent appraisals and must account for a 250-year windstorm probable maximum loss.
The correction most sources get wrong
Many marketing and blog sources claim HB 913 lets boards levy special assessments or obtain loans without prior membership approval. That is not accurate.
The Florida Senate’s own committee summary states the mechanism requires the approval of a majority of the voting interests of the association. This is a real simplification, a simple majority can now override a stricter supermajority requirement buried in some governing documents, but it is still a membership vote, not board-only authority.
Boards may also temporarily pause milestone-repair reserve contributions for up to two consecutive budget cycles (through December 31, 2028), again only upon a vote of a majority of the total voting interests. If someone tells your board it can assess owners with no vote, they are misinformed, and acting on that advice is a real risk.
The new affidavit requirement
HB 913 requires association officers and directors to sign an affidavit acknowledging receipt of the completed SIRS, plus separate affidavits evidencing compliance with financial-statement delivery requirements.
Sources
- Florida Senate committee bill summary, CS/CS/HB 913 (2025) — flsenate.gov/Committees/billsummaries/2025/html/913
- Legal summary of HB 913 — ksnlaw.com
This page is for general information, not legal advice. Confirm any deadline or obligation against your association’s governing documents and current Florida law.
Free Insurance & Compliance-Readiness Review for Boards
A no-cost check on whether your association’s coverage reflects current replacement cost, whether windstorm coverage is intact, and where a claim could fall short. Useful whether or not we ever work together.
Request the Board Review