Q: My condominium association board recently adopted and collected a special assessment to fund a construction project at the building. However, due to a change in circumstances, the board of directors has now decided to not proceed with the project. A question has come up as to what the association should do with the money from the special assessment. The board would like to keep the money to offset future expenses. What is the law on this? Read the Q&A………………………………….
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