BUSINESS INFORM №9-2015

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35

Section: Economics of Construction
UDC 332.8
Geleverya Y. M.
Economic-Legal Provision for Establishing the Accumulative Funds of Condominium Owners Associations (p. 229 - 233)
The article is aimed at studying the regulatory-legal provision on issues of establishing accumulative funds and elaboration of proposals to improve both the economic-legal and the institutional provision of activities of condominium owners associations (COA). The current legal framework on issues of establishing and operation of repair, reserve and special funds of condominium owners associations has been analyzed. The economic-legal framework and specific features of determining the amounts of contributions to the repair and reserve funds of COA have been identified. Purposes and destinations of each of the cumulative funds of condominium owners associations have been substantiated. Grounds for the establishment of a special fund have been defined. It has been proved that regardless whether a cost estimate was prepared when determining the amount of contributions to the repair and reserve funds, implementing a cost outlay will require a cost estimate prepared. Contradictions have been identified and directions for further improvement of economic-legal provision for establishing the accumulative funds of condominium owners associations have been elaborated, taking into account the present realities of development of the housing-and-utilities sector.
Keywords: regulatory-legal support, condominium owners association, accumulative funds, cost estimate
Fig.: 1. Bibl.: 9.

Geleverya Yevgeniy M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Economics and Business, Kharkiv National University of Civil Engineering and Architecture (40 Sumska Str., Kharkіv, 61000, Ukraine)
Email: [email protected]

Article is written in Ukrainan
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Reference to this article:
Geleverya, Yevgeniy M. (2015) “Economic-Legal Provision for Establishing the Accumulative Funds of Condominium Owners Associations.” Business Inform 9:229–233.

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