The proposed bill aims to establish a searchable database for common interest communities in Minnesota, as outlined in the new section [45.60] DATABASE FOR COMMON INTEREST COMMUNITY. The Department of Commerce is tasked with creating this database, which will be accessible via the community's webpage. It will include essential information such as the community's legal name, federal employer identification number, mailing and physical addresses, contact information for officers and directors, governing documents, the total number of parcels, and the annual budget's revenues and expenses. Additionally, for common interest communities still under developer control, the database will also provide the developer's legal name, federal employer identification number, and the total number of parcels owned by the developer at the time of reporting. This initiative is designed to enhance transparency and accessibility of information regarding common interest communities in Minnesota.