Haw. Code R. § 16-107-61 - Objective

This subchapter implements the requirements of section 514A-83.6, HRS, that all condominium associations must follow budgets and establish statutory replacement reserves. These rules try to ensure that each owner in a condominium project pays a fair share of the short-term and long-term costs of operating the project, based on the owner's period of ownership.

Notes

Haw. Code R. § 16-107-61
[Eff 1/2/95] (Auth: HRS §§ 514A-83.6, 514A-99) (Imp: HRS § 514A-83.6)

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