§514A-82.3 
Borrowing of money.  Subject to
any approval requirements and spending limits contained in the declaration or
bylaws of the association of apartment owners, the board of directors may
authorize the borrowing of money to be used by the association for the repair,
replacement, maintenance, operation, or administration of the common elements
of the project, or the making of any additions, alterations, and improvements
thereto.  The cost of such borrowing, including without limitation all principal,
interest, commitment fees, and other expenses payable with respect to such
borrowing, shall be a common expense of the project; provided that owners
representing fifty per cent of the common interest and apartments give written
consent to such borrowing, having been first notified of the purpose and use of
the funds. [L 2007, c 244, pt of §2]