VA Governor Signs Community Association Pay Bill
Virginia Governor Tim Kaine recently signed a revision of the Property Owners' Association Act (POAA) that allows community association members to get salary information for the top six employees earning over $75,000. The revision takes effect July 1. Currently, only aggregate salary information is available. The bill also specifies that all books and records of the association, including individual salary information for all employees and payments to independent contractors, be made available to members of the association's board of directors.