57-8a-215. Budget.
(1) At least once annually the board shall prepare and adopt a budget for the association.
(2) The board shall present the adopted budget to association members at a meeting of the members.
(3) A budget is disapproved if within 45 days after the date of the meeting under Subsectionat which the board presents the adopted budget: (2) there is a vote of disapproval by at least 51% of all the allocated voting interests of the lot owners in the association; and the vote is taken at a special meeting called for that purpose by lot owners under the declaration, articles, or bylaws.
(4) If a budget is disapproved under Subsectionor not adopted under Subsection, then the budget that the board last adopted continues as the budget until the board prepares and adopts a new budget for the association. (3) (1)