Not quite — Alaska imposes reserve disclosure duties but no ongoing reserve-study or reserve-funding mandate. Under the Alaska Common Interest Ownership Act, resale certificates must state the amount of the association's capital-expenditure reserves (AS 34.08.590), and a developer's public offering statement must include a budget whose reserve calculation is certified by a certified architect or engineer (AS 34.08.530). There is no statutory reserve-study cycle or minimum funding level for operating associations.
Verified against the statute 2026-07-06
Applies to common interest communities under AS 34.08, Alaska's version of the Uniform Common Interest Ownership Act — condominiums, planned communities (HOAs), and cooperatives. The engineer-certified reserve calculation binds declarants preparing public offering statements for new communities; the reserve line in the resale certificate applies whenever a unit owner resells.
No statutory cycle for operating associations. The architect/engineer-certified reserve calculation is a one-time public-offering-statement requirement at the development stage, not a recurring study.
No minimum reserve funding level, formula, or waiver framework. Associations may budget reserves as a common expense, but the statute mandates disclosure of reserve amounts rather than any funding target.
Resale certificates under AS 34.08.590 must state the amount of capital-expenditure reserves and any project-designated portions, along with the balance sheet, income and expense statement, and current operating budget. Public offering statements under AS 34.08.530 must disclose the budget's reserve assumptions and the repair-and-replacement reserve amount, with the reserve calculation certified by a certified architect or engineer.
A declarant's public offering statement must include the budget with a statement of its assumptions 'concerning the calculation of the amount of reserves certified by a certified architect or engineer,' the amount budgeted as a reserve for repairs and replacement, estimated repair or replacement costs, the estimated useful life of assets, and any other reserves.
The resale certificate must disclose the amount of reserves for capital expenditures and any portions designated for a specified project, plus approved capital expenditures over $3,000 for the current and next two fiscal years, the most recent balance sheet and income/expense statement, and the current operating budget.
Independently re-verified: akleg.gov returns 403 to standard automated fetchers, but the legislature's own print endpoint (statutes.asp?media=print) served the full statute text — AS 34.08.530(a)(5) confirmed verbatim ('reserves certified by a certified architect or engineer', reserve for repairs and replacement with estimated cost and useful life, any other reserves) and AS 34.08.590(a)(4)-(7) confirmed verbatim (capital-expenditure reserves and project-designated portions, capital expenditures over $3,000 for current and two next fiscal years, balance sheet and income/expense statement, current operating budget). Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Alaska. Report an issue.
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