| | | A. "Assessment" means any rate, fee or charge assessed or | | imposed by a utility for the provision of its service to | | time-share units, other than service that is metered or | | otherwise measured and billed on an individual time-share | | owner basis. |
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| | | B.__"Utility" means a public utility as defined in Title 35- | | A, section 102, sanitary district established under Title | | 38, chapter 11 or sewer district as defined in Title 38, | | section 1251. |
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| | | 2.__Authority of managing entities.__Notwithstanding section | | 593, subsection 2, when a utility provides services to time-share | | units, the managing entity may collect and receive money from the | | time-share owners for the purpose of paying the assessment. |
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| | | 3.__Authority of utility to require assessment collection.__ | | Notwithstanding section 593, subsection 2, on written request of | | a utility, a managing entity shall collect and receive money from | | the time-share owners in accordance with this subsection for the | | purpose of paying assessments. |
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| | | A.__The utility shall provide the managing entity a combined | | or total utility bill and any additional information that | | may be reasonably useful for the managing entity to allocate | | the cost of utility service to the time-share owners. |
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| | | B.__The managing entity shall maintain an escrow account | | with a financial institution licensed by the State and | | deposit any money collected or received for the utility's | | assessments in the escrow account within 10 days after | | collection or receipt.__The escrow account must be | | established in the names of both the managing entity and the | | utility.__A withdrawal may not be made from the escrow | | account without the written agreement of the utility. |
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| | | C.__Prior to the delinquency date established by the | | utility, the managing entity shall pay to the utility all | | money deposited in the escrow account under paragraph B for | | the purpose of paying the assessment.__If the amount paid | | from the escrow account is not sufficient to discharge all | | assessments due and owing: |
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| | | (1)__The managing entity shall pay the difference and, | | in accordance with section 594, place a lien on those | | time-share estates whose owners have not contributed | | their apportioned share to the escrow account; or |
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| | | (2)__At the request of the utility, the managing entity shall | | provide a list identifying the delinquent owners |
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