AZ HOA Attorney Community
If the HOA creates a specific fund for a specific project, can they use general contingency funds for it instead? - Printable Version

+- AZ HOA Attorney Community (https://azhoawatch.org/community)
+-- Forum: HOA Issues & Legal Topics (https://azhoawatch.org/community/forumdisplay.php?fid=5)
+--- Forum: Assessments, Fees & Collections (https://azhoawatch.org/community/forumdisplay.php?fid=9)
+--- Thread: If the HOA creates a specific fund for a specific project, can they use general contingency funds for it instead? (/showthread.php?tid=1420)



If the HOA creates a specific fund for a specific project, can they use general contingency funds for it instead? - HOACommunityThinker - 02-18-2024

If the HOA creates a specific fund for a specific project, can they use general contingency funds for it instead?


Re: If the HOA creates a specific fund for a specific project, can they use general contingency funds for it instead? - DeliberateResponder - 02-24-2024

No. If an amendment restricts spending for a specific purpose to a specific fund, the HOA cannot use general funds.