Sec. 24B-3. Qualifying homeowners' associations.

   A homeowners' association qualifies for assistance under this Chapter if the homeowners' association:

   (a)   has at least one-quarter mile of association roadway;

   (b)   maintains its association roadways at a level of service satisfactory to the County;

   (c)   finances the maintenance of its association roadways with funds collected by the homeowners' association;

   (d)   has a financial officer that is bonded or meets the requirements of financial responsibility that regulations under this Chapter prescribe; and

   (e)   agrees that eligible disputes to which the homeowners' association is a party will be submitted by the homeowners' association to either:

      (1)   the dispute resolution process under Article 2 of Chapter 10B; or

      (2)   other meditation or arbitration approved by the Commission on Common Ownership Communities. (1986 L.M.C., ch. 1, § 2; 1990 L.M.C., ch. 33, § 2.)

   Note-Formerly, § 24B-15.