61B-40.0061 — Funding Requirements and Restrictions on Use

Florida administrative rule 61B-40.0061 was adopted establishing funding requirements and restrictions on the use of funds by timeshare associations.

The rule sets standards for how timeshare associations must fund operations and restricts the purposes for which collected funds may be used. The rule is part of a comprehensive chapter governing timeshare accounting, financial reporting, budgets, guarantees, and reserves.

Timeshare associations operating under Florida law.

Effective February 5, 1996.