HB 21-1229 CO
Home Owners' Associations Governance Funding Record Keeping
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Summary
The act increases requirements for disclosure and transparency in the operations of unit owners' associations (HOAs) in common interest communities, including requiring an HOA to maintain and keep available to unit owners, as part of its official records:A list of the HOA's current fees chargeable upon sale of a home in the community; and Other information currently required to be disclosed annually under existing law, including financial statements, reserve fund balances, insurance policies, and meeting minutes. If access to the association records described above are not provided within 30 calendar days after a request was submitted by certified mail, the HOA is liable for a penalty of $50 per day for not providing them.Section 2 of the act adds specificity to the requirement that HOAs allow installation of renewable energy generation devices (e.g., solar panels) subject to reasonable aesthetic guidelines by requiring approval or denial of a completed application within 60 days and requiring approval if imposition of the aesthetic guidelines would result in more than a 10% reduction in efficiency or a 10% increase in price.Section 1 specifically includes nonvegetative turf grass (also known as artificial turf) among the types of drought-tolerant landscaping materials that the HOA may regulate but not prohibit in the backyard area of a unit. Section 3 adds a similar provision to a companion statute.The act does not apply to HOAs that include time-share units.(Note: This summary applies to this bill as enacted.)
Sponsors (3)
- Brianna Titone Democratic · primary
- Naquetta Ricks Democratic · primary
- Rhonda Fields · primary
Action history (16)
- Jul 2, 2021 Governor Signed · executive
- Jun 23, 2021 Sent to the Governor · executive
- Jun 23, 2021 Signed by the Speaker of the House · lower
- Jun 23, 2021 Signed by the President of the Senate · upper
- Jun 7, 2021 House Considered Senate Amendments - Result was to Concur - Repass · lower
- Jun 2, 2021 House Considered Senate Amendments - Result was to Laid Over Daily · lower
- Jun 1, 2021 Senate Third Reading Passed - No Amendments · upper
- May 28, 2021 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
- May 27, 2021 Senate Committee on State, Veterans, & Military Affairs Refer Amended to Senate Committee of the Whole · upper
- May 26, 2021 Introduced In Senate - Assigned to State, Veterans, & Military Affairs · upper
- May 26, 2021 House Third Reading Passed - No Amendments · lower
- May 25, 2021 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
- May 22, 2021 House Committee on Finance Refer Amended to House Committee of the Whole · lower
- May 20, 2021 House Committee on Business Affairs & Labor Refer Amended to Finance · lower
- Apr 29, 2021 House Committee on Business Affairs & Labor Witness Testimony and/or Committee Discussion Only · lower
- Mar 18, 2021 Introduced In House - Assigned to Business Affairs & Labor · lower
Text versions (11)
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.
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