Community Association Act
Utah Code Title 57, Chapter 8a
Click here for the current Community Association Act.
The below is not updated with new changes to the law after 2018!
57-8a-215. Budget.
(1) At least annually the board shall prepare and adopt a
budget for the association.
(2) The board shall present the adopted budget to
association members at a meeting of the members.
(3) A budget is disapproved if within 45 days after the date
of the meeting under Subsection (2) at which the board presents the adopted
budget:
(a) there is a vote of disapproval by at least 51% of
all the allocated voting interests of the lot owners in the association; and
(b) the vote is taken at a special meeting called for
that purpose by lot owners under the declaration, articles, or bylaws.
(4) If a budget is disapproved under Subsection (3), the
budget that the board last adopted that was not disapproved by members
continues as the budget until and unless the board presents another budget to
members and that budget is not disapproved.
(5) During the period of administrative control, association
members may not disapprove a budget.
Enacted by Chapter 355, 2011 General Session