{"data":{"id":"us-de/25-del.-c.-2245","jurisdiction":"us-de","citation":"25 Del. C. § 2245","heading":"Compliance phase-in.","body":"Anything in this title to the contrary notwithstanding, if the amount held by a condominium in its repair and replacement reserve as of October 1, 2009, in lieu thereof,\n(1) Constitutes less than 25% of the level of funding required for a fully funded reserve as defined in § 2202(8) of this title, then the council shall have 8 years to make the repair and replacement reserve fully funded (as defined in § 2202(8) of this title);\n(2) Constitutes 25% or more, but less than 50%, of the level defined as fully funded, then the council shall have 6 years to make the repair and replacement reserve fully funded (as defined in § 2202(8) of this title); or\n(3) Constitutes 50% or more, but less than 70%, of the level defined as fully funded, then the council shall have 5 years to make the repair and replacement reserve fully funded (as defined in § 2202(8) of this title).","path":["Title 25. Property","Mortgages and Other Liens","CHAPTER 22. Unit Properties","Subchapter VIII. Miscellaneous"],"source_url":"https://delcode.delaware.gov/title25/c022/sc08/index.html#2245","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:30Z","sha256":"5df5386a39a6e5ba69591d63a7ac99619de085ed19b3b2b3d887c626dd049d0f","source_id":"us-de","stale":true,"prev":"us-de/25-del.-c.-2244","next":"us-de/25-del.-c.-2246"},"notice":"GroundRules: Original legal text. Not legal advice."}