§514B-71  Condominium education trust fund.  (a)  The commission shall establish a condominium education trust fund that the commission shall use for educational purposes.  Educational purposes shall include financing or promoting:

     (1)  Education and research in the field of condominium management, condominium project registration, and real estate, for the benefit of the public and those required to be registered under this chapter;

     (2)  The improvement and more efficient administration of associations;

     (3)  Expeditious and inexpensive procedures for resolving association disputes; and

     (4)  Support for mediation of condominium related disputes.

     (b)  The commission shall use all moneys in the condominium education trust fund for purposes consistent with subsection (a). [L 2005, c 93, pt of §3; am L 2013, c 187, §2]