LegalFix
Sign In

Section 100.483 - Annual budget; distribution of budget summary to owners.

OR Rev Stat § 100.483 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(2) The budget shall include moneys required to be allocated to the reserve account under ORS 100.175.

(3) Within 30 days after adopting the annual budget for the association, the board of directors shall provide a summary of the budget to all owners.

(4) If the board of directors fails to adopt an annual budget, the last adopted budget shall continue in effect. [Formerly 100.412]

Note: 100.483 was added to and made a part of ORS chapter 100 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.

Previous Section
Section 100.481 - Application of ORS 100.480.
Next Section
Section 100.485 - Duration and termination of initial management agreements and service and employment contracts; applicability of federal condominium law.