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Any limits on how a special assessment can be spent?

| Condo & HOA Assessments |  


Question:

Question pertains to Illinois Condo NW Suburbs
Property: 7 Buildings each have their own HOA for a total of 7 HOA's with 1 Master Board Association.
If an HOA for one of the buildings collects a special assessment for steel and concrete work for their own building. Are they allowed to forward the moneys collected to be used for outstanding bills owed by the Master.


Answers (5)

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