Source: https://www.echo-ca.org/educational-topics/reserves
Timestamp: 2020-08-15 07:01:47
Document Index: 786817081

Matched Legal Cases: ['§5551', '§5551', '§5580', '§5580', '§5570', '§5570', '§5300', '§5550', '§5565', '§5560', '§5560', '§5550', '§5520', '§5520']

Reserves | echo-ca.org
§5551 - Inspection of Exterior Elevated Elements
“Associated waterproofing systems” include flashings, membranes, coatings, and sealants that protect the load-bearing components of exterior elevated elements from exposure to water.
“Exterior elevated elements” mean the load-bearing components together with their associated waterproofing system.
Read more about §5551 - Inspection of Exterior Elevated Elements
Homeowner associations are tasked with maintaining the property of the community, and this often entails extensive reconstruction with hefty price tags. Learn how to manage your HOAs money to determine what financing options are available, and how to successfully plan and execute your next construction project.
Read more about Planning and Paying for Major Reconstruction in Your HOA
Read more about Borrowing From Reserves: How Healthy Is It?
§5580 - Community Service Organization Reporting
Unless the governing documents impose more stringent standards, any community service organization whose funding from the association or its members exceeds 10 percent of the organization's annual budget shall prepare and distribute to the association a report that meets the requirements of Section 5012 of the Corporations Code, and that describes in detail administrative costs and identifies the payees of those costs in a manner consistent with the provisions of Article 5 (commencing with Section 5200) of Chapter 6.
Read more about §5580 - Community Service Organization Reporting
§5570 - Reserve Disclosure Form
The regular assessment per ownership interest is $_____ per____. Note: If assessments vary by the size or type of ownership interest, the assessment applicable to this ownership interest may be found on page _____ of the attached summary.
Read more about §5570 - Reserve Disclosure Form
The summary of the association's reserves required by §5300(b)(2) shall be based on the most recent review or study conducted pursuant to §5550, shall be based only on assets held in cash or cash equivalents, shall be printed in boldface type, and shall include all of the following:
Read more about §5565 - Reserves Summary Requirements
§5560 - Adoption and Change in Assessments
The reserve funding plan required by Section 5550 shall include a schedule of the date and amount of any change in regular or special assessments that would be needed to sufficiently fund the reserve funding plan.
The plan shall be adopted by the board at an open meeting before the membership of the association as described in Article 2 (commencing with Section 4900) of Chapter 6.
Read more about §5560 - Adoption and Change in Assessments
Read more about §5550 - Reserve Study Requirements
§5520 - Litigation
When the decision is made to use reserve funds or to temporarily transfer moneys from the reserve fund to pay for litigation pursuant to subdivision (b) of Section 5510, the association shall provide general notice pursuant to Section 4045 of that decision, and of the availability of an accounting of those expenses.
Read more about §5520 - Litigation