States
Alaska special assessments: what your board must do.
Owners can reject a proposed budget by majority vote; interest is capped at 18%.
Does the board need an owner vote?
After the board adopts a proposed budget, it must send each owner a summary and hold an owners' meeting 14 to 30 days after mailing it. The budget stands unless a majority of all unit owners, or a larger vote the declaration sets, rejects it, whether or not a quorum is present. The section does not mention special assessments separately, and it applies to communities created after 1 January 1986 (not to limited-expense planned communities under AS 34.08.030).
AS 34.08.330(c)What notice must owners get?
Notice of an owners' meeting must be hand-delivered or mailed 10 to 60 days ahead and must state the time, place and agenda, including any budget changes. This applies to communities created after 1 January 1986, except limited-expense planned communities (AS 34.08.030).
AS 34.08.390Your right to see the records
Financial and other association records must be made reasonably available for you or your authorized agent to examine. The section sets no deadline for the association to respond. It reaches older communities only for events after 1 January 1986, and not limited-expense or small preexisting communities (AS 34.08.030, .040, .050).
AS 34.08.490(a)Payment plans, late fees and liens
A past-due assessment bears interest at a rate the association sets, up to 18% a year, in communities created after 1 January 1986. The association may charge a reasonable late charge, and it has a lien on your unit from the time an assessment is due, which ends unless enforcement starts within three years after the full amount is due. The sections cited set no payment-plan right.
AS 34.08.460(b); 34.08.470; 34.08.320(a)(11)In Alaska, the same rules cover condos and HOAs.
Summarised from the statutes in November 2026. Not legal advice; your declaration and bylaws may add more rules.