Section 5300 - Annual Budget Report

(b)(5) A statement as to whether the board, consistent with the reserve funding plan adopted pursuant to Section 5560, has determined or anticipates that the levy of one or more special assessments will be required to repair, replace, or restore any major component or to provide adequate reserves therefor. If so, the statement shall also set out the estimated amount, commencement date, and duration of the assessment.

Section 1365 - Distribution of Financial Documents to Members

(a)(3)  (B)    Whether the board of directors of the association, consistent with the reserve funding plan adopted pursuant to subdivision (e) of Section 1365.5, has determined or anticipates that the levy of one or more special assessments will be required to repair, replace, or restore any major component or to provide adequate reserves therefor.  If so, the statement shall also set out the estimated amount, commencement date, and duration of the assessment.

Changes

5300. 1365 (a)(3)

(5) (B)    Whether  A statement as to whether the board of directors of the association, consistent with the reserve funding plan adopted pursuant to subdivision (e) of Section 1365.55560, has determined or anticipates that the levy of one or more special assessments will be required to repair, replace, or restore any major component or to provide adequate reserves therefor.  If so, the statement shall also set out the estimated amount, commencement date, and duration of the assessment.