California Law (Last Updated: March 4, 2014) |
Civil Code - CIV |
Division 2. PROPERTY |
Part 4. ACQUISITION OF PROPERTY |
Title 6. COMMON INTEREST DEVELOPMENTS |
Chapter 5. Operations |
ARTICLE 4. Assessments |
Section 1366.1.
Latest version.
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An association shall not impose or collect an assessment or fee that exceeds the amount necessary to defray the costs for which it is levied.
(Amended by Stats. 1992, Ch. 1332, Sec. 2. Effective January 1, 1993. Repealed as of January 1, 2014, by Stats. 2012, Ch. 180, Secs. 1 and 3.)