Establishes "Common Interest Community Task Force."

This bill establishes a 13-member "Common Interest Community Task Force" to study laws governing common interest communities, including condominiums, cooperatives, and homeowners' associations. The task force will examine areas like assessment collection practices, election procedures, financial decisions, and contracts with community managers, then recommend policy improvements. It includes diverse members: legislative appointees, the Community Affairs Commissioner, a Supreme Court appointee, and seven public representatives from community management, development, and association sectors. The task force must complete its work and submit recommendations to the Governor and Legislature within 16 months of its formation.