Utah Code §57-8a-211
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Reserve Analysis and Reserve Fund

Mandates a full reserve analysis at least every 6 years and a review and update at least every 3 years. Covers common area components with useful life of 3+ years and remaining life under 30 years. Must include component list, remaining useful life, cost estimates, annual contribution estimate, and funding plan. Reserve funds must be segregated from operating funds. Owners may veto the reserve fund line item within 45 days of budget adoption by 51% vote. Non-compliant associations face $500 or actual damages plus attorney fees after 90-day notice.

Status Active
Source Official text

Reviewed · Utah changes feed

Statutory Text Verified Aug 5, 2026 · OTHER
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Financial
Ref Requirement
Must include component list, remaining useful life, cost estimates, annual contribution estimate, and funding plan.
Reserves
Ref Requirement
Mandates a full reserve analysis at least every 6 years and a review and update at least every 3 years.
Covers common area components with useful life of 3+ years and remaining life under 30 years.
Reserve funds must be segregated from operating funds.
(2) At least every six years
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