This article is intended to explain what it means when a common interest community is referred to as a “Limited Expense Community” under the Colorado Common Interest Ownership Act (“CCIOA”). Colorado Revised Statute C.R.S. 38-33.3-116 grants an exception for Limited Expense Communities, specifically, a Limited Expense Community is exempt from all the statutory requirements inGo to Resource
CCIOA Resources
38-33.3-102. Legislative declaration.(1) The general assembly hereby finds, determines, and declares as follows: (a) That it is in the best interests of the state and its citizens to establish a clear, comprehensive, and uniform framework for the creation and operation of common interest communities; (b) That the continuation of the economic prosperity of Colorado isGo to Resource