RCW 64.38.090
Reserve study—Exemptions.
Except as provided in RCW 64.90.080 and 64.90.545, an association is not required to follow the reserve study requirements under RCW 64.38.025 and RCW 64.38.065 through 64.38.085 if the cost of the reserve study exceeds five percent of the association's annual budget, the association does not have significant assets, or there are ten or fewer homes in the association.
[ 2019 c 238 § 224; 2011 c 189 § 14.]
NOTES:
Effective date—2011 c 189: See note following RCW 64.38.065.
Structure Revised Code of Washington
Title 64 - Real Property and Conveyances
Chapter 64.38 - Homeowners' Associations.
64.38.015 - Association membership.
64.38.020 - Association powers.
64.38.025 - Board of directors—Standard of care—Restrictions—Budget—Removal from board.
64.38.028 - Removal of discriminatory provisions in governing documents—Procedure.
64.38.030 - Association bylaws.
64.38.033 - Flag of the United States—Outdoor display—Governing documents.
64.38.034 - Political yard signs—Governing documents.
64.38.035 - Association meetings—Notice—Board of directors.
64.38.040 - Quorum for meeting.
64.38.050 - Violation—Remedy—Attorneys' fees.
64.38.055 - Governing documents—Solar panels.
64.38.060 - Adult family homes.
64.38.062 - Electric vehicle charging stations.
64.38.065 - Reserve account and study.
64.38.070 - Reserve study—Requirements.
64.38.075 - Reserve account—Withdrawals.
64.38.080 - Reserve study—Demand for preparation and inclusion in budget.
64.38.085 - Reserve account and study—Liability.
64.38.090 - Reserve study—Exemptions.
64.38.095 - Application to common interest communities.
64.38.100 - Liens for unpaid assessments—Notice of delinquency.