We’ve seen a lot of legislative action recently on issues important to Colorado’s community association industry:

Last Thursday the Transfer Fee bill, SB 11-234, was introduced in the Senate following long negotiations with stakeholders stretching back over two years.  As introduced, this bill is positive for homeowners associations, and would not affect fees they collect or how they spend those fees.

The Transfer Fee bill has a broad coalition of sponsors and industry supporters, including the community association industry.  It appears poised to move forward, as it is already scheduled for a vote in the Local Government Committee on April 21.

On April 13th, the Owners Association Conflict of Interest bill, HB 11-1124, was signed into law. As reported in more detail in our March 29 and March 23 blog posts, this bill impacts community associations primarily by requiring specific information in conflict of interest policies.

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