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

HOACommunityThinker Offline

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#1

02-18-2024, 11:15 AM

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

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DeliberateResponder Offline

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#2

02-24-2024, 09:16 AM

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

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