                                 CODE OF VIRGINIA

AUTHORITY TO LEVY ADDITIONAL ASSESSMENTS; AUTHORITY TO BORROW (§ 55.1-1825)

A. In addition to all other assessments that are authorized in the declaration,
the board of directors shall have the power to levy an additional assessment
against its members if (i) the purpose in so doing is found by the board to be
in the best interests of the association and (ii) the proceeds of the assessment
are used primarily for the maintenance and upkeep of the common area and such
other areas of association responsibility, including maintenance, repair, and
replacement of capital components.

B. The failure of a member to pay the additional assessment allowed by
subsection A shall entitle the association to the lien provided by &#xA7;
55.1-1833 as well as any other rights afforded a creditor under law.

C. The failure of a member to pay the additional assessment allowed by
subsection A will provide the association with the right to deny the member
access to any or all of the common areas. However, the member shall not be
denied direct access to the member&#8217;s lot over a common area.

D. Unless the declaration provides greater or lesser authority, the board of
directors may borrow money on behalf of the association for maintenance,
replacement, repair, and restoration of capital components and for funding
recommended reserves and shall have the right and power to assign and pledge all
revenues to be received by the association, including annual and additional
assessments to secure the repayment of any sums borrowed by the association from
time to time for such purposes.

HISTORY: 1989, c. 679, § 55-514; 1991, c. 667; 1992, c. 450; 1998, cc. 32, 751;
2008, cc. 851, 871; 2019, c. 712; 2024, c. 324.