Source: https://www.epsten.com/5610-authority-to-levy-emergency-assessments/
Timestamp: 2019-06-19 05:54:46
Document Index: 46216264

Matched Legal Cases: ['§5610', '§5610', '§5610', 'art 5', '§5610', '§1366']

Civil Code §5610. Authority to Levy Emergency Assessments – Epsten Grinnell & Howell
Civil Code §5610. Authority to Levy Emergency Assessments
Home Civil Code §5610. Authority to Levy Emergency Assessments
California Civil Code > Part 5. Common Interest Developments (Davis-Stirling Common Interest Development Act) > Chapter 8. Assessments and Assessment Collection > Article 1. Establishment and Imposition of Assessments > Civil Code §5610. Authority to Levy Emergency Assessments
(c) An extraordinary expense necessary to repair or maintain the common interest development or any part of it for which the association is responsible that could not have been reasonably foreseen by the board in preparing and distributing the annual budget report under Section 5300. However, prior to the imposition or collection of an assessment under this subdivision, the board shall pass a resolution containing written findings as to the necessity of the extraordinary expense involved and why the expense was not or could not have been reasonably foreseen in the budgeting process, and the resolution shall be distributed to the members with the notice of assessment. [2012 – Based on former §1366(b)]