Current through 2024 Act No. 225.
Section 27-30-140 - Annual budget increases; notice requirements(1) Before a homeowners association may take action to increase an annual budget in any single year, the homeowners association must provide notice to homeowners at least forty-eight hours in advance of the meeting in which a decision to raise the annual budget is made. Notice of the meeting may be through posting notice:(a) in a conspicuous place in a common area in the community;(b) on an Internet website maintained by the homeowners association;(c) by electronic mail; or(d) through methods provided in the association's bylaws that ensure actual notice.(2) The provisions of this section do not apply to a homeowners association that is incorporated under the South Carolina Nonprofit Corporation Act found in Chapter 31, Title 33. 2018 Act No. 245 (H.3886), Section 1, eff 5/17/2018.