The Davis-Stirling Act has been completely reorganized effective January 1st, 2014. The majority of the changes are simply just renumbering of the sections. There are essentially no changes to the reserve study requirements. The Civil Code section numbers have changed. Most of the former reserve study requirements that were formerly located in section 1365 are now located in sections 5300-5600. The reserve funding disclosure summary in the California Code of Civil Procedure 2014 has not been changed and is still required to be sent out with the budget annually. There are still no requirements that associations (HOA’s) fund their reserves to any specific level. They are just required to conduct a reserve study with a site inspection at least every 3 years and they must review and update the study annually. The full reorganized civil code can be found at: