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2019 Oregon Revised Statutes
Volume : 03 - Landlord-Tenant, Domestic Relations, Probate
Chapter 100 - Condominiums
Section 100.483 - Annual budget; distribution of budget summary to owners.
Universal Citation: OR Rev Stat § 100.483 (2019)
(1) The board of directors at least annually shall adopt a budget for the association of unit owners.
(2) The budget shall include moneys required to be allocated to the reserve account under ORS 100.175.
(3) Within 30 days after adopting the annual budget for the association, the board of directors shall provide a summary of the budget to all owners.
(4) If the board of directors fails to adopt an annual budget, the last adopted budget shall continue in effect. [Formerly 100.412]
Note: 100.483 was added to and made a part of ORS chapter 100 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
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