HB 1359 Picking Up Speed
One day after being introduced, House Bill 09-1359 (HB 1359) has cleared the first hurdle on the journey to final passage and is picking up speed. Yesterday evening, the House Committee on Local Government referred HB 1359 unamended to the House for consideration. Since the Colorado General Assembly is currently scheduled to adjourn on May 6, 2009, we expect this bill to be taken up quickly by the House.
As reported in our April 21st posting, this is the most significant bill introduced during this legislative session directed at homeowners associations. The bill, as currently written, addresses the issues of reserve studies, appointment of committee chairs, and dissemination of information to board members. To learn more about these provisions, we invite you to review our April 21st posting.
We will continue to provide you with updates on HB 1359 as they become available.