Section 3103 - Contracts for repair; reserve accountsThe owners, at a meeting held under section 3101, may by a majority vote of the owners present and voting in person or by written proxy or absentee ballot authorize: [2023, c. 387, §2 (NEW).]
1.Contract for repair. A contract for repairs or maintenance to the private road, private way or bridge by the year or for a lesser time and may raise money for that purpose pursuant to section 3101, subsection 5; and [2023, c. 387, §2 (NEW).]
2.Reserve account. A reserve account to be established to hold funds solely to be used for repairs and maintenance. [2023, c. 387, §2 (NEW).]
Added by 2023SP1, c. 387,§ 2, eff. 10/25/2023.Repealed by 2023SP1, c. 387,§ 2, eff. 10/25/2023.Amended by 2013, c. 198,§ 9, eff. 10/9/2013.1997, c. 682, § 2 (AMD) . 2005, c. 479, § 1 (AMD) . 2007, c. 625, § 3 (AMD) .