State Act

Code of Comunidades of 1961

Art. 316 – To bear the expenses with works, provided for in this chapter a reserve fund shall be constituted, with the following incomes: a. 50 per cent of the proceeds of zonns and dividends of the shares prescribed; b. 50 of the increase of the income referred to in the article 307; c. 50 per cent of the capital derived from the redemption; d. The amount ordered to be separated by the administrator in terms of article 476. Sole § When the availabilities of the reserve fund are insufficient, the expenses may be paid from advances of the comunidade or by a loan obtained with the authorization of the 85[Government].