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	<title>HOA Brief &#187; Reserves</title>
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	<description>California HOA Law for the HOA Community</description>
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		<title>The Question of the Correct HOA Reserve Funding Level</title>
		<link>http://hoabrief.com/2010/08/20/the-correct-hoa-reserve-funding-level/</link>
		<comments>http://hoabrief.com/2010/08/20/the-correct-hoa-reserve-funding-level/#comments</comments>
		<pubDate>Fri, 20 Aug 2010 01:40:40 +0000</pubDate>
		<dc:creator>Robert M. DeNichilo</dc:creator>
				<category><![CDATA[Governance]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Reserves]]></category>
		<category><![CDATA[Funding Levels]]></category>

		<guid isPermaLink="false">http://hoabrief.com/?p=35</guid>
		<description><![CDATA[Some think reserves should be 100% funded.  However, a 100% funding level for reserves can be difficult to achieve without imposing a special assessment on the members, and can be a real burden on the association.]]></description>
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		<slash:comments>1</slash:comments>
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		<title>2009 California HOA Legislative Update</title>
		<link>http://hoabrief.com/2009/11/21/2009-california-hoa-legislative-update/</link>
		<comments>http://hoabrief.com/2009/11/21/2009-california-hoa-legislative-update/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 18:55:32 +0000</pubDate>
		<dc:creator>Robert M. DeNichilo</dc:creator>
				<category><![CDATA[Governance]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Reserves]]></category>
		<category><![CDATA[AB 1061]]></category>
		<category><![CDATA[AB 1233]]></category>
		<category><![CDATA[AB 313]]></category>
		<category><![CDATA[AB 899]]></category>
		<category><![CDATA[Energy Efficiency]]></category>
		<category><![CDATA[Green]]></category>
		<category><![CDATA[legislation]]></category>

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		<description><![CDATA[With the end of year upon us, I thought it would be a good time to post a summary some of the laws enacted in California during 2009 that impact our local homeowners associations. This is not a complete list of all new legislation, but rather brief summaries of the statutes I believe will have the biggest impact on California HOAs. The full impact of 2009 California legislation on an HOA will require a more detailed analysis. Any HOA that has questions on the impact of a new law should consult with their corporate counsel.]]></description>
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		<title>What to know if you&#8217;re considering borrowing from reserves.</title>
		<link>http://hoabrief.com/2009/03/17/what-to-know-if-youre-considering-borrwing-from-reserves/</link>
		<comments>http://hoabrief.com/2009/03/17/what-to-know-if-youre-considering-borrwing-from-reserves/#comments</comments>
		<pubDate>Mon, 16 Mar 2009 17:23:32 +0000</pubDate>
		<dc:creator>Robert M. DeNichilo</dc:creator>
				<category><![CDATA[Governance]]></category>
		<category><![CDATA[Operations]]></category>
		<category><![CDATA[Reserves]]></category>
		<category><![CDATA[borrowing]]></category>
		<category><![CDATA[Civil Code 1365.5]]></category>

		<guid isPermaLink="false">http://hoabrief.com/?p=102</guid>
		<description><![CDATA[In California, Civil Code section 1365.5 makes it clear that a board may authorize a temporary transfer of money from a reserve account to an association's general fund. However, such transfers are only allowed to meet short term cash flow requirements or other expenses.]]></description>
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