In this class, we will discuss when it would be appropriate for an association to borrow money. We will discuss the statutory authority for borrowing money and restrictions contained within the statutes, which differ for pre-and post-1992 communities. We will then discuss common document provisions that may restrict the borrowing of money. Finally, we will discuss a generic checklist for boards to use in determining whether to borrow money, whether it can borrow money, and what restrictions might be imposed upon that process.