CA AB2050

Requires homeowner association (HOA) reserve studies to include the minimum contribution level needed to prevent the reserve account balance from falling below zero over 30 years, effective January 1, 2032

Mandates HOAs fund their reserve accounts annually at least at the minimum reserve contribution level identified in their reserve study

Authorizes HOAs to levy a special reserve assessment if they cannot meet minimum funding levels within normal assessment increase limits, with the special assessment designed to achieve adequate funding within 3 fiscal years

Limits reserve funding special assessments to no more than once every 3 years, with all collected funds deposited into the reserve account

Maintains existing requirements for visual inspections of major components every 3 years and annual review of reserve studies