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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. |