This bill establishes new provisions for financial records 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, ensuring transparency and accountability in financial matters.

The bill introduces new sections under Iowa Code, specifically sections 357A.26, 498.38, and 499.81, which outline the requirements for financial records access for rural water districts and associations. It clarifies the definitions of rural water districts, rural water associations, nonprofit cooperative associations, and cooperative associations, emphasizing their roles in providing utility services to members. This legislation aims to enhance member engagement and oversight in the financial operations of these organizations.