HAR §16-119.6-8. Contingency reserves

Nothing in this chapter shall prohibit the establishment of a contingency reserve in compliance with this section. Unless the declaration or bylaws provide otherwise, the board may establish a contingency reserve in an 119.6-:-15 3 6 2 6 §16-119.6-8 amount the board considers appropriate, based upon the age of the project, its maintenance history, plans for additions or improvements to the project, or any other factors the board deems relevant. The contingency reserve shall be subject to all the requirements relating to reserves except the requirements of sections 16-119.6-4, 16-119.6-5, 16-119 .. 6-6LcJ and (d), 16-119.6-7, andl6-119.6-9. [Eff MAR262026 (Auth: HRS §514B-61) (Imp: HRS §§514B-101 (b), 514B-148)