Certified Manager Of Community Associations (CMCA) Exam

Under which of the following circumstances would a board most likely need to levy a special assessment?

To fund the scheduled repainting of the community buildings, as detailed in the reserve study. To cover the monthly cost of the community's landscape maintenance contract. To pay for a major, unbudgeted repair to the main sewer line that collapsed unexpectedly. To pay the annual premium for the association's property insurance policy.

Correct Answer:

To pay for a major, unbudgeted repair to the main sewer line that collapsed unexpectedly.

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