Understanding HB 913: Reserve & SIRS Requirements for Florida Condo Boards
Florida’s evolving legislative landscape demands a proactive approach to structural integrity and financial readiness. House Bill 913 codifies critical protocols for reserve funding that every community association manager and board director must integrate into their 2024–2025 strategic planning.
Documentation Download
Compliance Advisory
Speak with our fiduciary experts about your association's specific SIRS timeline and reserve funding goals.
The SIRS Mandate: A Structural Priority
The Structural Integrity Reserve Study (SIRS) is no longer a recommendation—it is a statutory obligation for associations with buildings three stories or higher. Under HB 913, the scope of these studies has been tightened to ensure that the primary structural components of a condominium are maintained with financial precision.
The Duty of Care
- Diligent review of financial statements
- Consultation with professional advisors
- Consistent attendance at board meetings
The Duty of Loyalty
- Diligent review of financial statements
- Consultation with professional advisors
- Consistent attendance at board meetings
The SIRS Mandate: A Structural Priority
The Structural Integrity Reserve Study (SIRS) is no longer a recommendation—it is a statutory obligation for associations with buildings three stories or higher. Under HB 913, the scope of these studies has been tightened to ensure that the primary structural components of a condominium are maintained with financial precision.
"True fiduciary excellence is found at the intersection of rigorous financial auditing and long-term architectural preservation."
Key Performance Indicators for Boards
Reserve Funding Ratio
Measuring the health of long-term savings relative to projected replacement costs of architectural components.
Reserve Funding Ratio
Measuring the health of long-term savings relative to projected replacement costs of architectural components.
Reserve Funding Ratio
Measuring the health of long-term savings relative to projected replacement costs of architectural components.
The Structural Integrity Reserve Study (SIRS) is no longer a recommendation—it is a statutory obligation for associations with buildings three stories or higher. Under HB 913, the scope of these studies has been tightened to ensure that the primary structural components of a condominium are maintained with financial precision.
Related Resources
The Advisory Process
01
Start Here
Introductory assessment of your association’s current health and needs.
02
Requirements
Deep dive into SIRS requirements and Milestone inspection findings.
03
Options
Comparative analysis of funding options: assessments vs. financing.
04
Funding
Execution of capital strategies if deemed appropriate for the board.
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Disclaimer: Educational resource. Not legal, construction, or financial advice.
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