What is the time frame for calling a new budget meeting after receiving a petition with 10% signatures?

The correct answer reflects the requirement that when a community association receives a petition with at least 10% of the signatures from members, they are obligated to call a new budget meeting. The governing documents of the association typically stipulate that the meeting must occur within a specific time period to ensure that the concerns raised by the petitioners are addressed in a timely manner.

In this scenario, the specific timeframe is 30 days, which allows sufficient time for the association to prepare for the meeting and for members to receive proper notice. The requirement for a 14-day notice ensures that all members have ample opportunity to prepare and participate in the meeting, contributing to transparency and engagement within the community.

This timeframe and notice requirement are critical for maintaining good governance practices and ensuring that all members have the opportunity to voice their opinions regarding the budget. The process respects the democratic rights of the members while ensuring that the association operates within the parameters set forth by state law or its governing documents.