No — Louisiana does not require reserve studies or minimum reserve funding for HOAs or condominiums. But under the new Louisiana Planned Community Act (2024 Act No. 158, La. R.S. 9:1141.1 et seq.), associations in planned communities with more than 25 lots must give owners an annual budget summary that includes any reserves and 'a statement of the basis on which any reserves are calculated and funded' (R.S. 9:1141.34), and public offering statements must disclose the budgeted repair-and-replacement reserve — for planned communities under R.S. 9:1141.43, and for condominiums under R.S. 9:1124.102, which requires an express statement if no amount is budgeted.
Verified against the statute 2026-07-06
The Planned Community Act covers residential planned communities (HOAs); its budget-summary-with-reserves rule applies to communities with more than 25 lots, and for communities created before 2025 the Act operates as a gap-filler where governing documents are silent. Condominiums are governed separately by the Louisiana Condominium Act (R.S. 9:1121.101 et seq.), whose reserve references are limited to budget powers and the developer's public offering statement.
No statutory cycle — Louisiana law never requires a reserve study to be performed or updated for HOAs or condominiums.
No minimum funding requirement or formula. In planned communities with more than 25 lots, the board must disclose the basis on which any reserves are calculated and funded in the annual budget summary, and owners ratify the budget by majority vote (R.S. 9:1141.34) — but the reserve amount, including zero, remains the association's choice.
Planned-community public offering statements must include a statement of the amount included in the budget as a reserve for repairs and replacements and a statement of any other reserves (R.S. 9:1141.43(B)); condominium public offering statements must indicate the amount, or expressly state that there is no amount, included in the budget as a reserve for repairs and replacement (R.S. 9:1124.102). In planned communities with more than 25 lots, every owner must also receive an annual budget summary including any reserves and the basis on which any reserves are calculated and funded — delivered within 30 days of the board adopting the proposed budget and before the owner ratification vote (R.S. 9:1141.34).
For planned communities with more than 25 lots, the board must provide all owners a budget summary 'including any reserves, and a statement of the basis on which any reserves are calculated and funded,' followed by an owner ratification vote (verified from the enrolled 2024 SB 23 / Act No. 158 on legis.la.gov).
The declarant's public offering statement budget must include 'a statement of the amount included as a reserve for repairs and replacements' and 'a statement of any other reserves.'
Condominium public offering statements must include the projected or current budget with 'an indication of the amount, or a statement that there is no amount, included in the budget as a reserve for repairs and replacement.'
The 2024 rewrite replaced the former Louisiana Homeowners Association Act; effective January 1, 2025 for declarations filed on or after that date and January 1, 2026 for pre-existing communities, applying to existing communities only where their documents are silent (§ 1141.3).
Extracted the full enrolled 2024 SB 23 (Act No. 158) from legis.la.gov (official) and confirmed verbatim: the R.S. 9:1141.34 budget-summary/reserves-basis language for communities of more than 25 lots with owner ratification, the § 1141.43(B) offering-statement reserve items, the § 1141.3 gap-filler applicability for pre-existing communities, and Section 3's effective dates (January 1, 2025 for new declarations; January 1, 2026 for pre-existing communities). Also fetched R.S. 9:1124.102 and R.S. 9:1141.1 directly on legis.la.gov, confirming the condominium reserve disclosure language and the Planned Community Act short title. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Louisiana. 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