No — West Virginia does not require HOAs or condominium associations to conduct reserve studies or to fund reserves at any minimum level. The West Virginia Uniform Common Interest Ownership Act (W. Va. Code ch. 36B) authorizes associations to budget for reserves (§ 36B-3-102(a)(2)) and requires reserve disclosures in public offering statements (§ 36B-4-103) and resale certificates (§ 36B-4-109), but it imposes no study cycle and no funding mandate.
Verified against the statute 2026-07-06
Chapter 36B covers condominiums, cooperatives, and planned communities (HOAs) created after its 1986 effective date, and § 36B-1-204 extends the reserve-budget power and resale-certificate duty to preexisting communities. Small planned communities — no more than 12 units, or annual per-unit assessments capped at $300 (as adjusted) — are exempt from nearly all of the chapter under § 36B-1-203 unless their declaration opts in.
No statutory cycle — reserve studies are never mentioned in Chapter 36B.
No minimum reserve balance or contribution is required. Budgeting for reserves is a discretionary association power under § 36B-3-102(a)(2); how much to reserve is governed only by the declaration, bylaws, and the board's fiduciary judgment.
A declarant's public offering statement must state the amount budgeted as a reserve for repairs and replacement — or that there is none — plus any other reserves (§ 36B-4-103(a)(5)). On resale, the certificate must disclose capital-expenditure reserves, project-designated portions, and capital expenditures anticipated for the current and two succeeding fiscal years (§ 36B-4-109(a)(4)-(5)).
The association may "adopt and amend budgets for revenues, expenditures, and reserves and collect assessments for common expenses from unit owners" — permissive power, no required reserve amount.
The budget in a public offering statement must include "a statement of the amount or a statement that there is no amount, included in the budget as a reserve for repairs and replacement" and a statement of any other reserves.
The resale certificate must state anticipated capital expenditures for the current and two next fiscal years and "the amount of any reserves for capital expenditures" with any project-designated portions.
Extends § 36B-3-102(a)(1)-(6) (including the reserve-budget power) and § 36B-4-109 (resale certificates) to common interest communities created before the chapter's effective date.
Adversarially re-verified July 2026: fetched W. Va. Code §§ 36B-3-102, 36B-4-103 (subsection (a)(5)(i)-(ii)), 36B-4-109 (subsection (a)(4)-(5)), 36B-1-203 (12-unit/$300-as-adjusted exemption), and 36B-1-204 (extension of §§ 3-102(a)(1)-(6) and 4-109 to preexisting communities) from code.wvlegislature.gov and confirmed each quoted provision verbatim; the chapter's 1986 (July 1, 1986) effective date confirmed via secondary sources. Informational only — not legal advice. Confirm with the primary source and a community-association attorney licensed in West Virginia. Report an issue.
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