HI Rev Stat ยง 514B-107 (2023)
- Condo boards can spend association funds to educate and train themselves in subject areas directly related to their duties and responsibilities as directors.
- The law in HI specifies that such funds are not deemed to be compensation to directors.
- The annual budget must include these education and training expenses as separate line items.
- These expenses can include registration fees, books, videos, tapes, other educational materials, and economy travel expenses