This bill establishes new provisions for financial record access by members of rural water districts, rural water associations, and utility service associations in Iowa. Specifically, it mandates that these entities must provide their most recent biennial report and any requested financial information, including budgets and balance sheets, to members upon reasonable request. The information must be delivered within thirty days of the request. The bill introduces new sections under Iowa Code, specifically 357A.26, 498.38, and 499.81, to formalize these requirements.

The bill aims to enhance transparency and accountability within these organizations by ensuring that members have timely access to important financial documents. It defines the types of associations covered under this legislation, including rural water districts, rural water associations, nonprofit cooperative associations, and cooperative associations, emphasizing their commitment to serving their members' interests.