2007 Minnesota Statutes

80D.20 RESIDENTS' REVIEW OF BUDGET; MONTHLY STATEMENTS.
    Subdivision 1. Formation of association. The residents of a facility may form a residents'
association to deal with common interests related to their residency. The association may be
organized in any way so long as each resident is given an equal opportunity to participate and an
equal vote in the association's decisions including those delegating authority to the association's
officers, board, and committees, if any.
    Subd. 2. Annual budget review. Upon notification to it of the existence of a residents'
association, the provider must present its annual budget to the association for comment before its
adoption. The budget must be in sufficient detail to be meaningful, but must be readable by, and
understandable to, a person of average intelligence and education. The budget must reflect the
projected collection and disbursement of receipts of any kind, for any purpose by the provider, or
any person related in business to the provider, attributable to residents of the facility, including
interest income, and trust assets, during the budget year.
    Subd. 3. Review of monthly expenditure statements. Throughout the budget year, the
provider must give the association timely monthly statements of current income and expense
showing year-to-date relationship to the annual budget, and explanations for a deviation from
the budget. The association or its representative may comment on, or raise questions about, the
monthly statements, to the provider.
    Subd. 4. Criminal penalties. The penalty provisions of section 80D.16 shall apply to
provider actions in Laws 1984, chapter 641, sections 2 and 3.
History: 1984 c 641 s 8