Require homeowners' associations to distribute annual budget and financial reports

This bill requires homeowners' associations in Montana to distribute annual budget and financial reports to all property owners, ensuring transparency about how association funds are managed. The legislation mandates that associations send these reports by mail and email within 30 days after the end of each fiscal year, detailing estimated revenues and expenses for the upcoming year along with actual financial results from the previous year. Additionally, the bill limits fee increases to once per year and caps them at 15% of the prior year's charges, requiring written approval from a majority of property owners for increases within that limit and two-thirds approval for larger hikes. These provisions aim to give homeowners clearer insight into their association's finances and more control over fee adjustments.