(a) The manager or board of directors shall keep detailed and accurate records in chronological order of the receipts and expenditures affecting the common areas and facilities, specifying and itemizing the maintenance and repair expenses of the common areas and facilities and any other expenses incurred.
(b) All books and records shall be kept in accordance with good accounting procedures.
Structure Alaska Statutes
Chapter 07. Horizontal Property Regimes Act
Article 3. Common Areas and Facilities Owned With Apartments.
Sec. 34.07.160. Common areas and facilities ownership.
Sec. 34.07.170. Nonexclusive easement to use common areas and facilities.
Sec. 34.07.180. Alteration of common areas and facilities ownership.
Sec. 34.07.190. Partition of common areas and facilities ownership prohibited.
Sec. 34.07.200. Maintenance, repair, and replacement of common areas and facilities.
Sec. 34.07.210. Waiver of liability for share of common expenses prohibited.
Sec. 34.07.220. Collection of unpaid common expenses from apartment owner.
Sec. 34.07.230. Unpaid common expense is lien on apartment; order of lien priority.
Sec. 34.07.240. Common expense lien foreclosure.
Sec. 34.07.250. Action to recover a judgment for unpaid common expenses does not waive lien.
Sec. 34.07.260. Causes of action relating to common areas and facilities.
Sec. 34.07.270. Service of process on two or more apartment owners.
Sec. 34.07.280. Receipts and expenditures records to be kept.
Sec. 34.07.290. Examination by apartment owner of receipts and expenditures.