Condo Q&A

Does HOA need approve use of reserve funds?

Written by CondoAssociation.com | Tue, Sep 19, 2017 @ 10:38 AM
Florida HOAs may use reserve funds for expenses other than reserve expenditures if approved by a majority vote at a meeting at which a quorum is present. Is this a Board of Directors' meeting or a meeting of the entire membership? And is notification of such possible action necessary?