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Section 4178 - Reserve Account Requirements

"Reserve account requirements" means the estimated funds that the board has determined are required to be available at a specified point in time to repair, replace, or restore those major components that the association is obligated to maintain.


This section is referenced in Sections:  None

First Enacted:  Old CID Section 1365.5(g)

Amended:  Statutes of 2012, Chapter 180

Similar to CI-CID: None