Effective January 1, 2006, Burning Tree HOA adopted 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
To learn more about SB 100, please review a Q & A developed by our law firm Orten & Hindman.