reglab/housing_qa huggingface dataset:
CA Civ Code § 5375 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 6 - Association Governance|ARTICLE 9 - Managing Agent|Section 5375.

5375.  A prospective managing agent of a common interest development shall provide a written statement to the board as soon as practicable, but in no event more than 90 days, before entering into a management agreement which shall contain all of the following information concerning the managing agent:(a) The names and business addresses of the owners or general partners of the managing agent. If the managing agent is a corporation, the written statement shall include the names and business addresses of the directors and officers and shareholders holding greater than 10 percent of the shares of the corporation.(b) Whether or not any relevant licenses such as architectural design, construction, engineering, real estate, or accounting have been issued by this state and are currently held by the persons specified in subdivision (a). If a license is currently held by any of those persons, the statement shall contain the following information:(1) What license is held.(2) The dates the license is valid.(3) The name of the licensee appearing on that license.(c) Whether or not any relevant professional certifications or designations such as architectural design, construction, engineering, real property management, or accounting are currently held by any of the persons specified in subdivision (a), including, but not limited to, a professional common interest development manager. If any certification or designation is held, the statement shall include the following information:(1) What the certification or designation is and what entity issued it.(2) The dates the certification or designation is valid.(3) The names in which the certification or designation is held.(d) Disclose any business or company in which the common interest development manager or common interest development management firm has any ownership interests, profit-sharing arrangements, or other monetary incentives provided to the management firm or managing agent.(e) Whether or not the common interest development manager or common interest development management firm receives a referral fee or other monetary benefit from a third-party provider distributing documents pursuant to Sections 4528 and 4530.(Amended by Stats. 2017, Ch. 127, Sec. 5. (AB 690) Effective January 1, 2018.)
CA Civ Code § 5375.5 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 6 - Association Governance|ARTICLE 9 - Managing Agent|Section 5375.5.

5375.5.  A common interest development manager or common interest development management firm shall disclose, in writing, any potential conflict of interest when presenting a bid for service to an association’s board of directors. “Conflict of interest,” for purposes of this section, means: (a) Any referral fee or other monetary benefit that could be derived from a business or company providing products or services to the association.(b) Any ownership interests or profit-sharing arrangements with service providers recommended to, or used by, the association.(Added by Stats. 2017, Ch. 127, Sec. 6. (AB 690) Effective January 1, 2018.)
CA Civ Code § 5376 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 6 - Association Governance|ARTICLE 9 - Managing Agent|Section 5376.

5376.  The common interest development manager, common interest development management firm, or its contracted third-party agent shall facilitate the delivery of disclosures required pursuant to paragraph (1) of subdivision (a), paragraph (2) of subdivision (b), and subdivision (d), of Section 4530 if the common interest development manager, or common interest development management firm, is contractually responsible for delivering those documents.(Added by Stats. 2017, Ch. 127, Sec. 7. (AB 690) Effective January 1, 2018.)
CA Civ Code § 5385 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 6 - Association Governance|ARTICLE 9 - Managing Agent|Section 5385.

5385.  For the purposes of this article, “managing agent” does not include a full-time employee of the association. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5400 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 6 - Association Governance|ARTICLE 10 - Government Assistance|Section 5400.

5400.  To the extent existing funds are available, the Department of Consumer Affairs and the Bureau of Real Estate shall develop an online education course for the board regarding the role, duties, laws, and responsibilities of directors and prospective directors, and the nonjudicial foreclosure process.(Amended (as to be added by Stats. 2012, Ch. 180) by Stats. 2013, Ch. 352, Sec. 55. (AB 1317) Effective September 26, 2013. Addition and amendment operative January 1, 2014, by Stats. 2012, Ch. 180, Sec. 3, and Stats. 2013, Ch. 352, Sec. 543.)
CA Civ Code § 5450 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 6 - Association Governance|ARTICLE 11 - Emergency Powers and Procedures|Section 5450.

5450.  (a) This section only applies to a common interest development if gathering in person is unsafe or impossible because the common interest development is in an area affected by one or more of the following conditions:(1) A state of disaster or emergency declared by the federal government.(2) A state of emergency proclaimed by the Governor under Section 8625 of the Government Code.(3) A local emergency proclaimed by a local governing body or official under Section 8630 of the Government Code.(b) Notwithstanding any other law or the association’s governing documents, and except as provided in subdivision (d), a board meeting or meeting of the members may be conducted entirely by teleconference, without any physical location being held open for the attendance of any director or member, if all of the following conditions are satisfied:(1) Notice of the first meeting that is conducted under this section for a particular disaster or emergency affecting the association is delivered to members by individual delivery.(2) The notice for each meeting conducted under this section includes, in addition to other required content for meeting notices, all of the following:(A) Clear technical instructions on how to participate by teleconference.(B) The telephone number and electronic mail address of a person who can provide technical assistance with the teleconference process, both before and during the meeting.(C) A reminder that a member may request individual delivery of meeting notices, with instructions on how to do so.(3) Every director and member has the same ability to participate in the meeting that would exist if the meeting were held in person.(4) Any vote of the directors shall be conducted by a roll call vote.(5) Any person who is entitled to participate in the meeting shall be given the option of participating by telephone. (c) If, as a result of the disaster or emergency, mail delivery or retrieval is not possible at any association onsite address and the address on file with the association for that member is the same association onsite address, then the association shall send the notice of the first meeting referenced in paragraph (1) of subdivision (b) to any email address provided to the association by that member, in writing, pursuant to paragraph (2) of subdivision (a) of Section 4040 or subdivision (b) of Section 4041.(d) Subdivision (b) does not apply to a meeting at which ballots are counted and tabulated pursuant to Section 5120, unless both of the following conditions are met:(1) The meeting at which ballots are to be counted and tabulated is conducted by video conference.(2) The camera is placed in a location such that members can witness the inspector of elections counting and tabulating the votes. (e) The remedies available pursuant to Section 4955 shall also be available to address violations of this section. (Added by Stats. 2021, Ch. 276, Sec. 2. (SB 391) Effective September 23, 2021.)
CA Civ Code § 5500 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 1 - Accounting|Section 5500.

5500.  Unless the governing documents impose more stringent standards, the board shall do all of the following:(a) Review, on a monthly basis, a current reconciliation of the association’s operating accounts.(b) Review, on a monthly basis, a current reconciliation of the association’s reserve accounts.(c) Review, on a monthly basis, the current year’s actual operating revenues and expenses compared to the current year’s budget.(d) Review, on a monthly basis, the latest account statements prepared by the financial institutions where the association has its operating and reserve accounts.(e) Review, on a monthly basis, an income and expense statement for the association’s operating and reserve accounts.(f) Review, on a monthly basis, the check register, monthly general ledger, and delinquent assessment receivable reports.(Amended by Stats. 2018, Ch. 396, Sec. 3. (AB 2912) Effective January 1, 2019.)
CA Civ Code § 5501 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 1 - Accounting|Section 5501.

5501.  The review requirements of Section 5500 may be met when every individual member of the board, or a subcommittee of the board consisting of the treasurer and at least one other board member, reviews the documents and statements described in Section 5500 independent of a board meeting, so long as the review is ratified at the board meeting subsequent to the review and that ratification is reflected in the minutes of that meeting.(Added by Stats. 2018, Ch. 396, Sec. 4. (AB 2912) Effective January 1, 2019.)
CA Civ Code § 5502 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 1 - Accounting|Section 5502.

5502.  (a) Notwithstanding any other law, transfers shall not be authorized from the association’s reserve or operating accounts without prior written approval from the board of the association unless the amount of the transfer is less than the following:(1) The lesser of five thousand dollars ($5,000) or 5 percent of the estimated income in the annual operating budget, for associations with 50 or less separate interests.(2) The lesser of ten thousand dollars ($10,000) or 5 percent of the estimated income in the annual operating budget, for associations with 51 or more separate interests. (b) This section applies in addition to any other applicable requirements of this part.(Amended by Stats. 2021, Ch. 270, Sec. 2. (AB 1101) Effective January 1, 2022.)
CA Civ Code § 5510 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 2 - Use of Reserve Funds|Section 5510.

5510.  (a) The signatures of at least two persons, who shall be directors, or one officer who is not a director and one who is a director, shall be required for the withdrawal of moneys from the association’s reserve accounts.(b) The board shall not expend funds designated as reserve funds for any purpose other than the repair, restoration, replacement, or maintenance of, or litigation involving the repair, restoration, replacement, or maintenance of, major components that the association is obligated to repair, restore, replace, or maintain and for which the reserve fund was established. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5515 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 2 - Use of Reserve Funds|Section 5515.

5515.  (a) Notwithstanding Section 5510, the board may authorize the temporary transfer of moneys from a reserve fund to the association’s general operating fund to meet short-term cashflow requirements or other expenses, if the board has provided notice of the intent to consider the transfer in a board meeting notice provided pursuant to Section 4920.(b) The notice shall include the reasons the transfer is needed, some of the options for repayment, and whether a special assessment may be considered.(c) If the board authorizes the transfer, the board shall issue a written finding, recorded in the board’s minutes, explaining the reasons that the transfer is needed, and describing when and how the moneys will be repaid to the reserve fund.(d) The transferred funds shall be restored to the reserve fund within one year of the date of the initial transfer, except that the board may, after giving the same notice required for considering a transfer, and, upon making a finding supported by documentation that a temporary delay would be in the best interests of the common interest development, temporarily delay the restoration.(e) The board shall exercise prudent fiscal management in maintaining the integrity of the reserve account, and shall, if necessary, levy a special assessment to recover the full amount of the expended funds within the time limits required by this section. This special assessment is subject to the limitation imposed by Section 5605. The board may, at its discretion, extend the date the payment on the special assessment is due. Any extension shall not prevent the board from pursuing any legal remedy to enforce the collection of an unpaid special assessment. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5520 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 2 - Use of Reserve Funds|Section 5520.

5520.  (a) 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.(b) Unless the governing documents impose more stringent standards, the association shall make an accounting of expenses related to the litigation on at least a quarterly basis. The accounting shall be made available for inspection by members of the association at the association’s office. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5550 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 3 - Reserve Planning|Section 5550.

5550.  (a) At least once every three years, the board shall cause to be conducted a reasonably competent and diligent visual inspection of the accessible areas of the major components that the association is obligated to repair, replace, restore, or maintain as part of a study of the reserve account requirements of the common interest development, if the current replacement value of the major components is equal to or greater than one-half of the gross budget of the association, excluding the association’s reserve account for that period. The board shall review this study, or cause it to be reviewed, annually and shall consider and implement necessary adjustments to the board’s analysis of the reserve account requirements as a result of that review.(b) The study required by this section shall at a minimum include:(1) Identification of the major components that the association is obligated to repair, replace, restore, or maintain that, as of the date of the study, have a remaining useful life of less than 30 years.(2) Identification of the probable remaining useful life of the components identified in paragraph (1) as of the date of the study.(3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1).(4) An estimate of the total annual contribution necessary to defray the cost to repair, replace, restore, or maintain the components identified in paragraph (1) during and at the end of their useful life, after subtracting total reserve funds as of the date of the study.(5) A reserve funding plan that indicates how the association plans to fund the contribution identified in paragraph (4) to meet the association’s obligation for the repair and replacement of all major components with an expected remaining life of 30 years or less, not including those components that the board has determined will not be replaced or repaired. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5560 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 3 - Reserve Planning|Section 5560.

5560.  (a) 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.(b) 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.(c) If the board determines that an assessment increase is necessary to fund the reserve funding plan, any increase shall be approved in a separate action of the board that is consistent with the procedure described in Section 5605. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5565 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 3 - Reserve Planning|Section 5565.

5565.  The summary of the association’s reserves required by paragraph (2) of subdivision (b) of Section 5300 shall be based on the most recent review or study conducted pursuant to Section 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:(a) The current estimated replacement cost, estimated remaining life, and estimated useful life of each major component.(b) As of the end of the fiscal year for which the study is prepared:(1) The current estimate of the amount of cash reserves necessary to repair, replace, restore, or maintain the major components.(2) The current amount of accumulated cash reserves actually set aside to repair, replace, restore, or maintain major components.(3) If applicable, the amount of funds received from either a compensatory damage award or settlement to an association from any person for injuries to property, real or personal, arising out of any construction or design defects, and the expenditure or disposition of funds, including the amounts expended for the direct and indirect costs of repair of construction or design defects. These amounts shall be reported at the end of the fiscal year for which the study is prepared as separate line items under cash reserves pursuant to paragraph (2). Instead of complying with the requirements set forth in this paragraph, an association that is obligated to issue a review of its financial statement pursuant to Section 5305 may include in the review a statement containing all of the information required by this paragraph.(c) The percentage that the amount determined for purposes of paragraph (2) of subdivision (b) equals the amount determined for purposes of paragraph (1) of subdivision (b).(d) The current deficiency in reserve funding expressed on a per unit basis. The figure shall be calculated by subtracting the amount determined for purposes of paragraph (2) of subdivision (b) from the amount determined for purposes of paragraph (1) of subdivision (b) and then dividing the result by the number of separate interests within the association, except that if assessments vary by the size or type of ownership interest, then the association shall calculate the current deficiency in a manner that reflects the variation. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5580 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 7 - Finances|ARTICLE 3 - Reserve Planning|Section 5580.

5580.  (a) 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.(b) If the community service organization does not comply with the standards, the report shall disclose the noncompliance in detail. If a community service organization is responsible for the maintenance of major components for which an association would otherwise be responsible, the community service organization shall supply to the association the information regarding those components that the association would use to complete disclosures and reserve reports required under this article and Section 5300. An association may rely upon information received from a community service organization, and shall provide access to the information pursuant to the provisions of Article 5 (commencing with Section 5200) of Chapter 6. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ Code § 5600 (2021)
2021 California Code|Civil Code - CIV|DIVISION 4 - GENERAL PROVISIONS|PART 5 - Common Interest Developments|CHAPTER 8 - Assessments and Assessment Collection|ARTICLE 1 - Establishment and Imposition of Assessments|Section 5600.

5600.  (a) Except as provided in Section 5605, the association shall levy regular and special assessments sufficient to perform its obligations under the governing documents and this act.(b) An association shall not impose or collect an assessment or fee that exceeds the amount necessary to defray the costs for which it is levied. (Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)