Wisconsin Statutes
§ 703.161 — Annual budget.
Wisconsin § 703.161
JurisdictionWisconsin
Ch. 703Condominiums
This text of Wisconsin § 703.161 (Annual budget.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wis. Stat. § 703.161 (2026).
Text
703.161
703.161(1) (1) Application. This section applies to any condominium that includes at least one unit that is restricted to residential use.
703.161(2) (2) Requirement. An association annually shall adopt and distribute to all unit owners an annual budget setting forth all of the following:
703.161(2)(a) (a) All anticipated common expenses and any amounts to be allocated to a statutory reserve account under s. 703.163 and to any other funds for future expenditures.
703.161(2)(b) (b) The amount and purpose of any other anticipated association expenditure.
703.161(2)(c) (c) The amount in any statutory reserve account under s. 703.163 or any other funds held for future expenditures.
703.161(2)(d) (d) Any common surpluses.
703.161(2)(e) (e) The amount and source of any income, other than
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Related
Elaine Strassburg v. Hickory Meadows Association, Inc.
(Court of Appeals of Wisconsin, 2024)
Legislative History
703.161 History History: 2003 a. 283 .
Nearby Sections
15
§ 703.01
Condominium ownership act.§ 703.02
Definitions.§ 703.03
Application of chapter.§ 703.04
Status of the units.§ 703.05
Ownership of units.§ 703.06
Alterations prohibited.§ 703.065
Recording requirements; general.§ 703.07
Establishment of condominium.§ 703.09
Declaration.§ 703.10
Bylaws.§ 703.11
Condominium plat.Cite This Page — Counsel Stack
Bluebook (online)
Wisconsin § 703.161, Counsel Stack Legal Research, https://law.counselstack.com/statute/wi/703.161.