No. Connecticut's Common Interest Ownership Act (CIOA) does not require reserve studies or set a minimum reserve funding level. It does mandate reserve transparency: the proposed annual budget summary sent to every unit owner must include a statement of the amount of any reserves and the basis on which those reserves are calculated and funded (Conn. Gen. Stat. § 47-261e), and resale certificates must state the amount of any capital-expenditure reserves (§ 47-270(a)(5)).
Verified against the statute 2026-07-06
CIOA covers condominiums, planned communities (HOAs), and cooperatives. The budget and resale reserve-disclosure sections apply even to communities created before January 1, 1984 (§ 47-216(a)), though small pre-1984 communities of 12 or fewer units are largely exempt from most of the act (§ 47-217).
No statutory cycle — reserve studies are not mandated in Connecticut.
No statutory minimum, percentage, or funding formula. The recurring duty to disclose 'the basis on which such reserves are calculated and funded' in every budget cycle effectively pushes boards toward a defensible methodology — commonly a professional reserve study — but the statute stops short of requiring one.
Annual proposed-budget summaries to all unit owners must state reserve amounts and the calculation and funding basis (§ 47-261e); resale certificates must state capital-expenditure reserves and approved capital expenditures over $1,000 (§ 47-270(a)(4)-(5)); public offering statements for new communities must state the amount, or the absence, of a repair-and-replacement reserve in the budget (§ 47-264).
The executive board must adopt a budget at least annually and provide all unit owners a summary 'including a statement of the amount of any reserves, and a statement of the basis on which such reserves are calculated and funded,' subject to an owner rejection vote.
The resale certificate must include 'a statement of the amount of any reserves for capital expenditures,' along with board-approved capital expenditures over $1,000 for the current and next fiscal year (§ 47-270(a)(4)).
Extends §§ 47-261e and 47-270, among others, to common interest communities created before CIOA's January 1, 1984 effective date.
Re-verified July 2026: downloaded the full current text of CGS chapter 828 directly from cga.ct.gov (the site's TLS chain requires a direct fetch) and confirmed verbatim the quoted reserve language of §§ 47-261e and 47-270(a)(4)-(5), the § 47-216(a) applicability list including 47-261e and 47-270, the § 47-217 twelve-or-fewer-unit exception, the § 47-264 budget requirement to state the amount (or absence) of a repair-and-replacement reserve, the presence of the sec_47-xxx URL anchors, and the absence of any reserve-study or funding mandate anywhere in the chapter. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Connecticut. Report an issue.
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