HB 21-1131 CO
Cooperative Electric Associations Governance Requirements
A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →
Summary
The act:Makes current laws concerning governance and transparency for cooperative electric associations (associations) applicable to nonprofit generation and transmission cooperative electric associations that provide wholesale electric service directly to Colorado cooperative electric associations that are its members; Eliminates an exemption to those requirements for associations with fewer than 25,000 members; Allows an association to authorize, in its bylaws, its members and directors to participate in meetings electronically; Allows an association to authorize, in its bylaws, members to vote in an election through a secure and verifiable electronic voting system; Clarifies that members voting or participating in a meeting electronically are considered present in person for the purpose of establishing quorum; Defines joint memberships and clarifies how joint memberships can vote; Amends the deadlines and requirements for notice of an election; Requires an association to adopt written policies concerning the compensation of board members and disclosures of conflicts of interest for board members; Requires board members to fulfill their duty of loyalty to the cooperative association at all times; except that, if a director serves on the board of both a generation and transmission association and a distribution association, the director owes fiduciary duties to both associations and shall not be required to give priority to the duties the director owes to one association over the duties the director owes to the other association; and Requires associations to post on their websites information about their rates and net metering requirements and to make financial audits available to members on request.(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Judy Amabile Democratic · primary
- Marc Catlin Republican · primary
- Faith Winter · primary
- Don Coram · primary
Action history (12)
- Apr 29, 2021 Governor Signed · executive
- Apr 21, 2021 Sent to the Governor · executive
- Apr 20, 2021 Signed by the President of the Senate · upper
- Apr 20, 2021 Signed by the Speaker of the House · lower
- Apr 12, 2021 Senate Third Reading Passed - No Amendments · upper
- Apr 9, 2021 Senate Second Reading Passed - No Amendments · upper
- Apr 6, 2021 Senate Committee on Transportation & Energy Refer Unamended to Senate Committee of the Whole · upper
- Mar 19, 2021 Introduced In Senate - Assigned to Transportation & Energy · upper
- Mar 17, 2021 House Third Reading Passed - No Amendments · lower
- Mar 16, 2021 House Second Reading Passed with Amendments - Committee · lower
- Mar 10, 2021 House Committee on Energy & Environment Refer Amended to House Committee of the Whole · lower
- Feb 24, 2021 Introduced In House - Assigned to Energy & Environment · lower
Text versions (9)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
Full text
The full text hasn’t been imported yet. CivicGate fetches it from the state legislature’s published version documents — check now.
Comments
Data from OpenStates. View on OpenStates →
Comments