N.J.S.A. 45:22A-44.2
Enacted by P.L.2023, c.214 (the Residential Structural Integrity Law, effective January 8, 2024) and amended by P.L.2025, c.132 (effective August 21, 2025), this section requires every planned-real-estate-development association to undertake and fund a capital reserve study assessing the adequacy of its reserves to repair or replace common-element capital assets it must maintain. The study must conform to the latest edition of the Community Associations Institute's National Reserve Study Standards (or similar national standards) and be performed or overseen by a CAI-credentialed reserve specialist or a State-licensed engineer or architect. Existing associations had to undertake a study within one year of the effective date, and studies must be reviewed at least every five years; an associated 30-year funding plan is required under the companion section N.J.S.A. 45:22A-44.3. Associations with less than $25,000 in total common-area capital assets are exempt.
Pin a building and we'll surface every amendment, effective-date change, and filing deadline as it happens.