HOA Q&A: Can Board use leftover money from assessment for repairs for future repairs? - Treasure Coast News
HOA boards may use leftover special assessment funds for future repairs if permitted by governing documents, but must ensure proper disclosure and compliance with reserve study requirements.
Aforeworn detected this change in the HOA & Condo Board Rules space on July 6, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Low urgency. HOA and condo boards, self-managed boards, management companies should confirm how it applies to their specific situation before acting. There is a time constraint attached: No immediate deadline; address at next board meeting or when planning next assessment.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors HOA & Condo Board Rules continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
Clarification that leftover assessment funds can be used for future repairs, subject to governing documents and reserve study rules.
Who it affects
HOA and condo boards, self-managed boards, management companies
What you must do
Review governing documents and reserve study to confirm whether leftover funds can be reallocated; document board decision and notify homeowners if required.
Deadline
No immediate deadline; address at next board meeting or when planning next assessment.
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