HOA Legi-Slate

On February 23rd, the House Committee on Local Government passed an unamended version of House Bill 1290 out of Committee to the full Colorado House of Representatives for action.  The bill that will be acted on by the House allows a small common interest community to exempt itself from most of the provisions of the Colorado Common Interest Ownership Act ("CCIOA").  A small common interest community: (a) contains no more than 20 units; (b) does not impose assessments of over $400.00 per year (adjusted for inflation); and (c) has annual revenues or expenses of less than $250,000 per year. 

CAI's Colorado Legislative Action Committee ("CLAC") is asking that you contact your State Representatives today to ask them to oppose HB 1290 - since homeowners living in small common interest communities deserve the same protections that homeowners living in larger associations are afforded under CCIOA.  

Attached is a Position Paper created by CLAC which more fully explains the problems with HB 1290.   

Please utilize Project Vote Smart to locate the contact information for your State Representative.  Simply type in your zip code on the left hand column of the webpage where it says "Find Your Representatives."

Once again the brilliance of our elected officials amazes me. If it is for Associations of no more than 20 units and their fees can be no more than $400 per year pray tell how they could have other revenues and expenses of less than $250,000 per year.