Q: Our HOA reserves for replacement are severely underfunded. Does California law require that HOAs undertake a third-party analysis of future replacement costs, and, if so, at what intervals? Is there a standard in California law or practice for a minimum percentage of projected reserves? Florida has recently booked state law, or so I understand, requiring HOAs to maintain reserve funds meeting 100% of future replacement costs. Do you expect California to adopt a similar law, and, if so, sooner or later?     Read the Q&A………………………………..