s_sa_2016a_2016-05-02t16:02:49z2 Hearing Summary

Date: 05/02/2016

04:30 PM -- HB16-1217



Senator Carroll presented House Bill 16-1217 to the committee. The bill implements several recommendations from the "2013 Study of Comparable HOA Information and Resource Centers" conducted pursuant House Bill 13-1134, which examined the functions, duties, structure, costs, funding, and successes of other states' homeowners' association (HOA) offices. Specifically, the bill:



• removes the $50 statutory cap on annual fees and allows the Division of Real Estate in the Department of Regulatory Agencies (DORA) to modify by rule the annual fee paid by HOAs to fund the HOA Information and Resources Center (HOA center) to one of three fee structures single per-unit fee, tiered per-unit fee, or single per-association fee; and



• requires the HOA center to develop, maintain, and publish referral lists of independent contractors who can monitor HOA elections and provide mediation and arbitration services on HOA matters. The bill specifies the information each listed contractor must annually report to the HOA center.



04:31 PM -- Marcia Waters, representing DORA Division of Real Estate, testified in support of the bill.



04:32 PM -- Gary Kujawski, DORA, representing DORA Division of Real Estate, testified in support of the bill.



04:33 PM -- Robyn McDonald, representing the Mediation Association of Colorado, testified in support of the bill.