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State Resources​​​

Click your state to explore specific reserve study laws, statutes, regulations, updates and more.

New York Reserve Studies
Vermont Reserve Studies
New Hampshire Reserve Studies
Maine Reserve Studies
Massachusetts Reserve Studies
Rhode Island Reserve Studies
Connecticut Reserve Studies
Pennsylvania Reserve Studies
New Jersey Reserve Studies
Delaware Reserve Studies
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NY Key Points

  • New York law does not currently require capital reserve studies for community associations.​

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  • Boards have a fiduciary duty to responsibly manage association-maintained capital expenses.​

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  • State legislation has been proposed, which would require Reserve Studies with a 30-year funding plan for condominiums and cooperatives.

New York Senate Bill S7600

New York Assembly Bill 8945

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