On Thursday, October 26, 2015, our "Nevada Know How" columnist and Sun City Anthem NRS 116 resident, Tim Stebbins, published an article in our "Nevada Know How" Information Page entitled:
"When Can Homeowners Control Association Decisions"
That article was published after consultation and receipt of an opinion by Mr. Joseph Decker, Administrator of the State of Nevada Real Estate Division.
When that article was published, we told you, our readers, that we would provide a follow-up as to the correspondence received by Mr. Stebbins, sent to him by Mr. Decker.
In that letter, Mr. Decker addressed the following concerns:
1. Is a homeowner vote required to approve a capital improvement expense?
2. Can Surplus funds be used to pay for capital improvements?
3. Does the ratification of a budget which contains a capital improvement expense equate to homeowner approval of the expense?
...and to those issues, Advisory Opinion 16-01 dated October 22, 2015 was received.
We have printed the conclusion drawn by the Real Estate Division as well as what we perceive to be the ramifications of that correspondence.
Essentially....it said...and our complete commentary can be found in our "Nevada Know How" Information Page that we strongly suggest you read.
Power Belongs to the People
A Board of Directors
in Capital Improvement Decisions
Click on our Information Page
"Nevada Know How"