Montana HB232 requires homeowners' associations to distribute annual budget and financial reports.
Montana HB232 mandates that homeowners' associations produce an annual budget report and an annual financial report. The budget report must include an operating budget for the next fiscal year, showing estimated revenue and expenses. The financial report must summarize revenue and expenditures for the fiscal year and any unreserved balance remaining from fees, dues, or other charges. Both reports must be sent to all property owners by mail and electronic mail.
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