California Codes, Civil Code - CIV, Division 4 — General Provisions, Part 5 — Common Interest Developments, Chapter 8 — Assessments and Assessment Collection, Article 1 — Establishment and Imposition of Assessments, Section 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.
Notes
Requires an association, except as provided in the referenced provision, to levy regular and special assessments sufficient to perform its obligations under governing documents and the act. It also prohibits imposing or collecting an assessment or fee above the amount necessary to cover the costs for which that charge is levied.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 5600 | https://laws.lexinter.net/codes/california/civil-code/division-4/part-5/chapter-8/article-1/section-5600