It’s time to put “conflict of interest policy review” on your board meeting agendas. Metro districts should add “disclosure of conflicts of interest” to your board candidacy forms. The Metro District Conflict of Interest bill, HB 11-1124, passed the Senate today, unamended. It is very likely to be signed by the Governor and become law shortly. It will become effective immediately once it is signed into law.
We reported on the details of this bill in our March 23, 2011 blog post. If you aren’t sure whether your association’s conflict of interest policy will be adequate under the law, please feel free to contact one of our attorneys at 303.432.9999 and we’ll be happy to review it for you.