SB 22-063 CO

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Introduced

The bill enacts the "Property Ownership Fairness Act" (act). The bill entitles a property owner to seek just compensation from a governmental entity that enacts a land use law reducing the right of a property owner to use, divide, sell, or possess their property and reducing the fair market value of the property. The bill sets forth the procedure by which a property owner can demand just compensation and sets forth exceptions where a property owner is not entitled to seek just compensation for a land use law. Additionally, the bill prohibits a governmental entity from enacting a land use law that caps residential building permits issued in a single or multi-year period with the intent of limiting growth or development.(Note: This summary applies to this bill as introduced.)

• Larry Liston Republican · primary
• Andres Pico · primary

1. Mar 1, 2022 Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely · upper
2. Feb 8, 2022 Senate Committee on State, Veterans, & Military Affairs Witness Testimony and/or Committee Discussion Only · upper
3. Jan 18, 2022 Introduced In Senate - Assigned to State, Veterans, & Military Affairs · upper

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.

• Introduced (01/18/2022) · PDF
• Committee Amendment · PDF