§514B-71 - Condominium education trust fund.
[§514B-71] Condominium education trust fund. (a) The commission shall establish a condominium education trust fund that the commission may use for educational purposes. Educational purposes shall include financing or promoting:
(1) Education and research in the field of condominium management, condominium project registration, and real estate, for the benefit of the public and those required to be registered under this chapter;
(2) The improvement and more efficient administration of associations; and
(3) Expeditious and inexpensive procedures for resolving association disputes.
(b) The commission may use any and all moneys in the condominium education trust fund for purposes consistent with subsection (a). [L 2005, c 93, pt of §3]
Note
Until amended, references in administrative rules to condominium management education fund are references to condominium education trust fund. L 2009, c 129, §14.