Board Empowerment

Started by TedK1 • 1 replies • 1290 views

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TedK1 (Illinois)
Posts: 4

Posted:

I live in Illinois within a HOA. My question is how much of our reserve funds can the board spend without having an owner vote?

JeffR7 (California)
Posts: 251

Posted:

Look at your governing documents. I would suspect that the board can spend all of it as long as it's spent for exactly the purpose they are intended for - maintenance and repair or legal fees

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