Reserve law, state by state
Whether a reserve study is required, how often it must be updated, and what your annual budget has to disclose. Plain language, with the statute cited so your attorney can check our work — states appear here only after we’ve verified them against the primary source.
11
Require a study
1
Disclosure only
37
Awaiting review
StateStudy requiredUpdate everyBudget disclosureLast change
ALAlabamaNot yet reviewed———→AKAlaskaNot yet reviewed———→AZArizonaNot yet reviewed———→ARArkansasNot yet reviewed———→CACaliforniaYes3 yrsPercent funded + funding planJan 2025→COColoradoNot yet reviewed———→CTConnecticutNot yet reviewed———→DEDelawarePartialNo fixed cycleBudget summary + resale certificate2009→DCDistrict of ColumbiaNot yet reviewed———→FLFloridaYes10 yrsSIRS summary + reserve scheduleJul 2025→GAGeorgiaNot yet reviewed———→HIHawaiiYes3 yrsDetailed reserve summary in every budgetJun 2026→IDIdahoNot yet reviewed———→ILIllinoisNot yet reviewed———→INIndianaNot yet reviewed———→IAIowaNot yet reviewed———→KSKansasNot yet reviewed———→KYKentuckyNot yet reviewed———→LALouisianaNot yet reviewed———→MEMaineNot yet reviewed———→MDMarylandYes5 yrsStudy summary with annual budgetOct 2025→MAMassachusettsNot yet reviewed———→MIMichiganNot yet reviewed———→MNMinnesotaNot yet reviewed———→MSMississippiNot yet reviewed———→MOMissouriNot yet reviewed———→MTMontanaNot yet reviewed———→NENebraskaNot yet reviewed———→NVNevadaYes5 yrsReserve budget to owners + summary filed with state2011→NHNew HampshireNot yet reviewed———→NJNew JerseyYes5 yrs30-yr funding plan (+ 85% election notice)Aug 2025→NMNew MexicoNot yet reviewed———→NYNew YorkNoNot requiredNone statewide; NYC conversion fund rules—→NCNorth CarolinaNot yet reviewed———→NDNorth DakotaNot yet reviewed———→OHOhioNot yet reviewed———→OKOklahomaNot yet reviewed———→OROregonYesAnnualBudget reserve line; study to owners on request2019→PAPennsylvaniaNot yet reviewed———→RIRhode IslandNot yet reviewed———→SCSouth CarolinaNot yet reviewed———→SDSouth DakotaNot yet reviewed———→TNTennesseeYes5 yrsStudy emailed or posted to all ownersJan 2024→TXTexasNoNot requiredReserve amounts on resale certificates—→UTUtahYes6 yrsAnnual summary to owners; full copy on requestMay 2021→VTVermontNot yet reviewed———→VAVirginiaYes5 yrsReserve balances + study recommendation in budgetJul 2024→WAWashingtonYesAnnualBudget states contribution + per-unit deficiencyJun 2026→WVWest VirginiaNot yet reviewed———→WIWisconsinNot yet reviewed———→WYWyomingNot yet reviewed———→Showing 51 of 51 statesNot legal advice. Always confirm with your association’s attorney.