Tag: reserves
Finances
Washington HOA Reserve Account Rules: RCW 64.90.535 and .540
Where Washington associations must hold reserves, how they may invest them, the two-signature rule, and how to borrow from reserves properly.
Colorado HOA Law
Colorado HB26-1099: Developers Must Pay for a Reserve Study
Colorado HB26-1099 requires developers to commission and pay for an independent 30-year reserve study before turning an HOA over to owners, and gives boards a 45-day records rule for departing managers.
Florida HOA Law
Florida Condo Budget SIRS Reserves: No More Waivers
Florida condo owners can no longer waive reserves for SIRS components. Here's what 718.112(2)(f) still allows, how to fund it, and how Chapter 720 HOAs differ.
Washington HOA Law
RCW 64.90.545: Washington's HOA Reserve Study Requirement
RCW 64.90.545 requires most Washington associations, including many pre-2018 HOAs, to keep an annually updated reserve study. Here's who's exempt and what the study must contain.