Or. Rev. Stat. § 100.483
Annual budget; distribution of budget summary to owners
Oregon · Oregon Revised Statutes Chapter 100 — Condominiums · Status: effective
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- Or. Rev. Stat. § 100.483, Annual budget; distribution of budget summary to owners, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2461111
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Full text
(1) The board of directors at least annually shall adopt a budget for the association of unit owners.
(2) The budget shall include moneys required to be allocated to the reserve account under ORS 100.175.
(3) Within 30 days after adopting the annual budget for the association, the board of directors shall provide a summary of the budget to all owners.
(4) If the board of directors fails to adopt an annual budget, the last adopted budget shall continue in effect.