Alaska Statutes: AS 34.07.280. Receipts and Expenditures Records to Be Kept.

Alaska Statutes. Title 34. Property Chapter 7. Horizontal Property Regimes Act Section 280. Receipts and Expenditures Records to Be Kept.

previous: Section 270. Service of Process On Two or More Apartment Owners.
next: Section 290. Examination By Apartment Owner of Receipts and Expenditures.

AS 34.07.280. Receipts and Expenditures Records to Be Kept.

(a) The manager or board of directors shall keep detailed and accurate records in chronological order of the receipts and expenditures affecting the common areas and facilities, specifying and itemizing the maintenance and repair expenses of the common areas and facilities and any other expenses incurred.
(b) All books and records shall be kept in accordance with good accounting procedures.

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.