Late on Friday, Governor Polis vetoed HB 19-1212, effectively killing the manager licensure program.
After a hard fought battle in the legislature, we reported that HB 19-1212 had passed out of the Legislative Chambers with the goal of continuing the manager licensure program for one year, while creating a stakeholders committee to make recommendations for improvement in 2020. However, passage out of the legislature was not enough security for HB19-1212 as it faced continued scrutiny.
Effective June 30, 2019 licensure will no longer be required for management companies and managers. We have no doubt that this will be discussed again next year but given the recent history of the program, the future of licensure remains uncertain.