There is no Ohio law which says what reserves can be spent for, other than the requirements of the Declaration and Bylaws. Usually, reserves are dedicated to the repair and replacement of existing capital items, such as the roofs, foundations, roads, and building structures. If the flooding has necessitated repairs to the capital items of the condominium, such as building elements, siding, roads or the like, I see no reason why capital reserves cannot be spent to replace these items. However, the Declaration and Bylaws must always be consulted for any provisions limiting the Board's power to spend money for these purposes without owner consent.