California § 5520 - When the decision is made to use reserve funds or to temporarily transfer moneys
Full text of California Public Contract Code - PCC § 5520 — When the decision is made to use reserve funds or to temporarily transfer moneys, with citation guidance and answers to common questions.
§ 5520. When the decision is made to use reserve funds or to temporarily transfer moneys
(a) When the decision is made to use reserve funds or to temporarily transfer moneys from the reserve fund to pay for litigation pursuant to subdivision (b) of Section 5510, the association shall provide general notice pursuant to Section 4045 of that decision, and of the availability of an accounting of those expenses. (b) Unless the governing documents impose more stringent standards, the association shall make an accounting of expenses related to the litigation on at least a quarterly basis. The accounting shall be made available for inspection by members of the association at the associationâs office.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5520
What does Public Contract Code - PCC § 5520 cover?
Section 5520 ("When the decision is made to use reserve funds or to temporarily transfer moneys") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 5520?
A common citation format is "Public Contract Code - PCC § 5520" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 5520 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.