No — Nebraska does not require HOAs or condo associations to perform reserve studies or to fund reserves at any level. The Nebraska Condominium Act (Neb. Rev. Stat. §§ 76-825 to 76-894) only authorizes unit owners associations to adopt budgets that include reserves (§ 76-860(a)(2)); it sets no study cycle, no funding minimum, and no reserve-specific disclosure obligation. Reserve planning in Nebraska is governed entirely by an association's own declaration, bylaws, and the board's general fiduciary duty.
Verified against the statute 2026-07-06
No Nebraska association type is subject to a reserve mandate. Condominiums created after January 1, 1984 fall under the Nebraska Condominium Act (§§ 76-825 to 76-894), older regimes under the Condominium Property Act (§§ 76-801 to 76-823), and non-condo HOAs are governed by their recorded covenants and Nebraska nonprofit corporation law — none of which impose reserve requirements.
No statutory cycle — reserve studies are never required by Nebraska law.
No statutory funding requirement or minimum. Neb. Rev. Stat. § 76-860(a)(2) permits condo associations to budget for reserves but does not compel it, and there is no waiver mechanism because there is nothing to waive. Governing documents may impose their own reserve obligations.
No reserve-specific disclosure is required by Nebraska statute. At resale, Neb. Rev. Stat. § 76-884 requires the selling unit owner to furnish the buyer the monthly common-expense assessment and any unpaid assessments, the association's most recent balance sheet and income and expense statement, and the current operating budget — but reserve balances and reserve studies are not among the required items. The declarant's public-offering statement for new units (§ 76-880) likewise requires only the current assessment and operating budget.
Subsection (a)(2) authorizes the association to 'adopt and amend budgets for revenue, expenditures, and reserves and collect assessments for common expenses' — permissive authority only, with no funding mandate or minimum.
Requires disclosure of 'the amount of the current monthly assessment and the current operating budget, if any' for new-unit sales by a declarant, but contains no reserve-balance or reserve-study disclosure requirement.
Resale disclosure statute: the selling unit owner must furnish the monthly common-expense assessment and any unpaid assessments, other fees, the association's most recent balance sheet and income and expense statement, and the current operating budget. Reserve balances and reserve studies are not among the required items — the word 'reserve' does not appear in the section. The association must respond to an owner's information request within 10 days.
Re-verified on the official nebraskalegislature.gov: § 76-860(a)(2)'s permissive reserve-budget language confirmed verbatim; § 76-880 public-offering statement requires only the current monthly assessment and operating budget (subsection (a)(5)); § 76-884 resale disclosures (assessments, balance sheet, income/expense statement, operating budget) contain no reserve item — the word 'reserve' does not appear in the section; the chapter 76 index shows no other purchaser-disclosure section in the Act (76-879 to 76-884). Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in Nebraska. Report an issue.
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