77590455-516.1Virginia Decodedhttps://vacode.org2016Property And ConveyancesProperty Owners' Association ActOperation And Management Of Association.Annual report by association1993, c. 958; 2008, cc. 851, 871; 2009, c. 557; 2012, cc. 481, 797.http://law.lis.virginia.gov/vacode/55-516.1/55-529Common Interest Community Management Information Fund/55-529//55-516.1/55/26/3/55-516.155-509.455-529The association shall file an annual report in a form and at such time as prescribed by regulations of the Common Interest Community Board. The annual report shall be accompanied by a fixed fee in an amount established by the Board.sectionAA1The Common Interest Community Board may accept copies of forms submitted to other state agencies to satisfy the requirements of this section if such forms contain substantially the same information required by the Common Interest Community Board.sectionBB1The association shall also remit to the agency an annual payment as follows:sectionCC1 The lesser of:
sectionC1C12 $ 1,000 or such other amount as established by agency regulation; orsectionC1aC1a3 For the purposes of subdivision 1 b, no minimum payment shall be less than $ 10.00.sectionC2C22The annual payment shall be remitted to the State Treasurer and shall be placed to the credit of the Common Interest Community Management Fund established pursuant to § 55-529.sectionDD1