Note
Part heading amended by L 2005, c 93, pt of §3.
§514B-71 Condominium education trust fund. (a) The commission shall establish a condominium education trust fund that the commission shall 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;
(3) Expeditious and inexpensive procedures for resolving association disputes; and
(4) Support for mediation of condominium related disputes.
(b) The commission shall use all moneys in the condominium education trust fund for purposes consistent with subsection (a). [L 2005, c 93, pt of §3; am L 2013, c 187, §2]
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