No — Arkansas has no statute requiring HOAs or condominium associations to perform reserve studies, fund reserves, or disclose reserve balances. The Horizontal Property Act (Ark. Code Ann. §§ 18-13-101 to 18-13-120), which governs Arkansas condominiums, obligates owners to pay their share of common expenses (§ 18-13-116, most recently rewritten by Act 516 of 2025) but never mentions reserves — even after the 2025 overhaul — and no planned-community statute imposes reserve rules on HOAs. Reserve planning is left entirely to each association's governing documents and its board's fiduciary judgment.
Verified against the statute 2026-07-07
No Arkansas association type is subject to a reserve mandate. Condominiums are governed by the Horizontal Property Act (Ark. Code Ann. §§ 18-13-101 to 18-13-120, substantially amended by Act 516 of 2025 for regimes organized on or after September 1, 2025) and most HOAs by their recorded covenants and the Arkansas Nonprofit Corporation Act — none of these impose reserve-study, funding, or disclosure requirements.
No statutory cycle — reserve studies are never required by Arkansas law.
No statutory funding requirement, minimum balance, or waiver framework. Ark. Code Ann. § 18-13-116 requires condo owners to pay toward common expenses — pro rata (in percentages computed under § 18-13-112) for regimes organized before September 1, 2025, and according to the percentages established by the master deed for regimes organized on or after that date (Act 516 of 2025) — but the statute does not require any portion to be set aside for capital replacement; governing documents may impose their own reserve obligations.
Arkansas statute does not require associations or sellers to disclose reserve balances, reserve budgets, or reserve studies to owners or resale buyers. Buyers must rely on contractual due-diligence requests for association financials.
Requires condo co-owners to pay their share of common expenses — pro rata in regimes organized before September 1, 2025, and according to master-deed percentages in regimes organized on or after that date — with no exemption by waiver of use of the common elements. The section contains no reserve-fund, reserve-study, or replacement-reserve requirement. Link is the enrolled Act 516 of 2025 (approved Apr. 10, 2025) on the Arkansas General Assembly's official site, which sets out the section in full, showing both the prior and amended text.
Verified against an official primary source: fetched the enrolled Act 516 of 2025 (SB323, approved Apr. 10, 2025) directly from the Arkansas General Assembly's official domain (arkleg.state.ar.us/Home/FTPDocument?path=/ACTS/2025R/Public/ACT516.pdf). Section 8 of the act sets out Ark. Code Ann. § 18-13-116 in full — both the stricken prior text ("contribute pro rata, in the percentages computed according to § 18-13-112") and the amended text ("pay according to the percentages established by a master deed"), retitling the section "Liability for expenses and assessments" — and a full-text search of the act found no reserve, reserve-study, replacement-reserve, or capital-reserve language (the only "reserve" hits are forms of "reserved" — declarant development rights, master-deed rights, and common elements reserved for particular owners — none financial). Under Section 9 the act applies to regimes organized on or after Sept. 1, 2025; earlier regimes may opt in, so both the pre- and post-amendment texts remain operative and neither contains reserve provisions. The Arkansas Code's official online publisher (LexisNexis advance.lexis.com gateway) is login-walled and the original 1961 enactment is not digitized on arkleg, so the remainder of the chapter (§§ 18-13-101 to 18-13-120) was confirmed reserve-free on unofficial reproductions (FindLaw/Justia), consistent with industry surveys reporting no Arkansas reserve mandate. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Arkansas. Report an issue.
Track percent funded, model funding scenarios, and generate the board-ready report your disclosures need — $49/yr, self-serve.
Explore Reserve Planner