HOAs: To Reserve or Not to Reserve? (FL)

/ Owner - October 8, 2013

Many homeowner associations’ boards of directors find themselves working on their association budgets for the upcoming fiscal year. A good deal of those budgets will include line items for the funding of unforeseen contingencies. In some instances, the directors preparing such budgets will classify the funds in those line items as “Reserve” funds without knowing that laws governing Florida homeowner associations provide for special treatment of such funds.    Read more…..

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