§ 24B-3. Qualifying homeowners' associations.  


Latest version.
  • A homeowners' association qualifies for assistance under this Chapter if the homeowners' association:
    (a) has at least one-quarter mile of association roadway;
    (b) maintains its association roadways at a level of service satisfactory to the County;
    (c) finances the maintenance of its association roadways with funds collected by the homeowners' association;
    (d) has a financial officer that is bonded or meets the requirements of financial responsibility that regulations under this Chapter prescribe; and
    (e) agrees that eligible disputes to which the homeowners' association is a party will be submitted by the homeowners' association to either:
    (1) the dispute resolution process under Article 2 of Chapter 10B; or
    (2) other meditation or arbitration approved by the Commission on Common Ownership Communities. (1986 L.M.C., ch. 1, § 2; 1990 L.M.C., ch. 33, § 2.)
    Note-Formerly, § 24B-15.