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Use of Assessment Money Regulated by Statute
Florida Condo & HOA Law Blog
NOVEMBER 5, 2023
Q: My condominium association board recently adopted and collected a special assessment to fund a construction project at the building. However, due to a change in circumstances, the board of directors has now decided to not proceed with the project. A question has come up as to what the association should do with the money from the special assessment.
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