California Civil Code

§ 5300

CIV § 5300 Effective Jan 1, 2018Div. 4 · Part 5 · Ch. 6 · Art. 7

Statute text

(a)Notwithstanding a contrary provision in the governing documents, an association shall distribute an annual budget report 30 to 90 days before the end of its fiscal year.

(b)Unless the governing documents impose more stringent standards, the annual budget report shall include all of the following information:

(1)A pro forma operating budget, showing the estimated revenue and expenses on an accrual basis.

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Legislative history

Amended by Stats. 2017, Ch. 127, Sec. 4. (AB 690) Effective January 1, 2018.