California · Financial Code
FIN §8031: The proportion of operating costs and expenses to be assessed against each association shall be determined and prescribed by the commissioner by regulation.
What this law says, in plain English
The commissioner sets rules determining how operating costs and expenses are divided and charged to each association.
Read the full statutory text
The proportion of operating costs and expenses to be assessed against each association shall be determined and prescribed by the commissioner by regulation. The total amount assessed for all associations, together with any existing surplus, shall not exceed the amount of the budget for the ensuing fiscal year plus a reasonable reserve for contingencies.
Verify at the official source: California legislative text
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