76Use of administrative fund or capital works fund for purposes of other fund

#### 76 Use of administrative fund or capital works fund for purposes of other fund 76 Use of administrative fund or capital works fund for purposes of other fund > > (1) This section applies if the owners corporation of a strata scheme comprising more than 2 lots— > > > > > (a) transfers money from the administrative fund or capital works fund to the other fund, or > > > > > (b) pays money from the administrative fund or capital works fund for expenditure that should have been paid from the other fund. > > > (2) The owners corporation must, within 3 months of the transfer or payment, determine, by resolution at a general meeting— > > > > > (a) whether the money, or part of the money, should be reimbursed to the fund from which it was transferred or paid, and > > > > > (b) if the owners corporation determines that part or all of the money should be reimbursed—the amount to be— > > > > > > > (i) transferred from the administrative fund or capital works fund to the fund from which the transfer or payment was made, or > > > > > > > (ii) levied as a contribution to the fund from which the transfer or payment was made. > > > (3) Section 81(3) and (5) apply to a contribution determined under subsection (2)(b)(ii). > > **s 76:** Subst 2023 No 45, Sch 3\[16\].