Get ready to pay up.

Californians may have to pay even higher homeowners association fees thanks to a law that could be signed by Gov. Gavin Newsom before the end of the month.

Assembly Bill 2050 would require HOAs to maintain a 30-year reserve fund and conduct a study of the reserve account.

If an HOA’s reserves fund is projected to fall below zero at any point during the 30 years, the association must transfer at least 15% of its gross annual budget into reserves each year beginning January 2032.

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If the HOA’s budget can’t cover the required transfer, the…

Read the full article at NYPOST.COM