Reserve requirements for a common interest community modified.

This bill modifies reserve funding requirements for common interest communities in Minnesota, such as condominiums and homeowners associations. It updates the rules for calculating annual reserve budgets to include sustainable energy-saving technology and compliance with energy performance standards, while exempting nonresidential communities from these requirements. The legislation also clarifies that surplus funds can be credited to owners or reserves at the board's discretion and specifies that these rules apply to fiscal years beginning before January 1, 2012.