| CCRE IV, Section 4.10 provides the authority “to further improve and add to the Common Property” of the Association.
It is the policy of the Association to ensure that adequate funding is available for major improvements of existing assets and the acquisition of new assets. Accordingly, funds from designated sources are accumulated in the Major Improvement (MI) Reserves.
There are currently no state or federal regulatory requirements that impact the administration of the Association’s MI Reserves. |
