Effective January 1, 2006, Burning Tree HOA will adopt SB 100 procedures and policies. SB100 requires that an association have written procedures and policies regarding:
1. Collection of Unpaid Assessments
2. Handling of Board Member Conflicts of Interest
3. Conduct of Meetings
4. Enforcement of Covenants and Rules
5. Owner Inspection and Copying of Association Records
6. Investment of Reserve Funds
7. Adoption and Amendment of Policies, Procedures, and Rules
Please read all seven procedures and policies and provide comments and questions to Jon Leonard or email me at burningtreehoa@yahoo.com. The Board of Directors adopted these procedures and policies on January 18, 2006, and made them effective January 1, 2006.
To learn more about SB 100, please review a Q & A developed by our law firm Orten & Hindman.
