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Bill Detail: HB18-1342

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Title Allow Pre-Colorado Common Interest Ownership Act Homeowners' Association Members to Veto Homeowners' Association Budget
Status Signed by the President of the Senate (05/14/2018)
Bill Subjects
  • Housing
House Sponsors J. Melton (D)
Senate Sponsors N. Todd (D)
House Committee Business Affairs & Labor
Senate Committee Finance
Date Introduced 03/26/2018
Description


Common interest communities created before the July 1, 1992,
enactment of the Colorado Common Interest Ownership Act (Act) are
exempt from many of the Act's provisions, including a provision allowing
a majority of the unit owners in a common interest community to veto a
budget proposed by the common interest community's executive board.
The bill requires a common interest community that predates the Act to
allow its unit owners to veto, by majority vote, a ...
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