Condo Association Management Blog

Can condo associations invest reserves however they want?

Posted on Sun, May 29, 2011 @ 10:15 AM

Does any Florida law restrict how a condominium association can invest their reserve funds? It has been the understanding of the board of directors that an association can not use any investment that risk the principle of their reserve funds. Is it against the law to invest in stocks, bonds or other investment vehicles?

Tags: Florida, Condo Reserves