A corporation (that is not controlled by an interim board) may transfer funds in the reserve fund into the operating fund if certain conditions are met. These conditions are: An emergency is declared, which means: An emergency declared under the Emergencies Act (Canada) A state of emergency or state of local emergency declared under the Emergency Management Act A state of public health emergency or local state of public health emergency declared under the Public Health Act The declaration of emergency, state of emergency, state of public health emergency remains in effect. The condominium corporation has received lower revenue from contributions compared to the revenue expected from contributions levied on owners because of the emergency. As a result of the lower revenue, a shortfall exists between received revenue and payable expenditures from the operating fund. The condominium corporation's bylaws do not prohibit the use of the reserve fund in this way.