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BILL: CS/SB 1178 Page 25 condominium education provider approved by the division. 6' A certification is valid and does not have to be resubmitted as long as the director continuously serves on the board. A board member is suspended from service on the board until he or she files the written certification or submits a certificate of completion of the educational curriculum. 66 If a suspension occurs, the board may temporarily fill the vacancy during the period of suspension. The secretary of the association must keep the written certification or educational certificate for inspection by the members for five years after a board director's election or the duration of the director's uninterrupted tenure, whichever is longer. 67 The validity of any action by the condominium board is not affected by the association's failure to have the certification on file. 68 Effect of Proposed Changes The bill amends the post-election certification requirements in s. 718.112(2)(d)4.b., F.S., to: • Require newly elected or appointed directors to submit both the written certification that they have read the association's governing documents, will work to uphold the governing documents of the association to the best of their ability and will faithfully discharge their duties, and submit a certificate of completion of an education course and submit certification that they have completed an approved condominium education course; • Provide that the written certification and educational certificate are valid for 10 years; • Provide that developer -appointed directors do not have to retake the education course for any subsequent appointment by a developer, but the previously submitted educational certificate is valid for only 10 years; and Require directors to annually complete continuing education on recent changes to the condominium laws and rules. The bill also amends s. 718.501(1)(c), F.S., to: • Require the division to provide the required educational curriculum to directors at no charge, including when the required educational curriculum is provided by a division -approved condominium education provider; and • Require associations to annually certify that all directors have completed the required written certification and educational certificate requirements. Reserves and Structural Integrity Reserve Studies — Condominiums and Cooperatives Present Situation In addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Reserve accounts must include, but are not limited to, roof replacement, building painting, and pavement resurfacing, regardless of the amount of deferred maintenance expense or replacement cost, and any other item that has a deferred maintenance expense or replacement cost that exceeds $10,000.69 bs Sections 718.112(2)(d)4.b., F.S. 66 Id. 67 Id. 68 Id. 69 See s. 718.112(2)(0 and 719.106(1)0), F.S., relating to reserves requirements for condominium and cooperative associations, respectively. 335