Civil Code 5380(b) (6) Transfers of funds out of the association’s reserve or operating accounts sha

Civil Code 5380(b)(6) Transfers of funds out of the association’s reserve or operating accounts shall not be authorized without prior written approval from the board of the association unless the amount of the transfer is less than the following:

(B) The lesser of ten thousand dollars ($10,000) or 5 percent of estimated income in the annual operating budget, for associations with 51 or more separate interests.