Civil Code - CIV
DIVISION 4. GENERAL PROVISIONS [3274 - 9566]
( Heading of Division 4 amended by Stats. 1988, Ch. 160, Sec. 16. ) PART 5. Common Interest Developments [4000 - 6150]
( Part 5 added by Stats. 2012, Ch. 180, Sec. 2. ) CHAPTER 8. Assessments and Assessment Collection [5600 - 5740]
( Chapter 8 added by Stats. 2012, Ch. 180, Sec. 2. ) ARTICLE 1. Establishment and Imposition of Assessments [5600 - 5625]
( Article 1 added by Stats. 2012, Ch. 180, Sec. 2. ) 5600.
(a) Except as provided in Section 5605, the association shall levy regular and special assessments sufficient to perform its obligations under the governing documents and this act.
(b) An association shall not impose or collect an assessment or fee that exceeds the amount necessary to defray the costs for which it is levied.
(Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)