Within the Office Of Economic Development (office), the act creates the Innovative Housing Incentive Program. A Colorado business that manufactures certain types of housing and has fewer than 500 employees may apply for funding through the program. Depending on the criteria established by the office, funding may be awarded for operating expenses as well as incentives for units manufactured that … [Continue reading...]
HB22-1416 – Property Tax Administrative Procedures
The property tax administrator is required by law, after consultation with the advisory committee to the property tax administrator and subject to the approval of the state board of equalization, to prepare and publish manuals, appraisal procedures, instructions, and guidelines (property tax materials) concerning the administration of property tax. Beginning January 1, 2023, section 1 of the act … [Continue reading...]
SB22-063 Property Ownership Fairness Act
Concerning the "Property Ownership Fairness Act". The bill enacts the "Property Ownership Fairness Act" (act). According to the bill, a property owner can seek just compensation from a governmental entity that enacts a land use law reducing their right to use, divide, sell, or possess their property, and reducing its fair market value. In the bill, it sets out the process by which a property … [Continue reading...]
SB22-060 – Limit Home Owners’ Association Fee Increases For Common Elements
Limiting fees associated with the use of common elements in a common interest community. As a result of the bill, the unit owners' association of a common interest community cannot raise the amount of any fee charged on a regular and ongoing basis for using, renting, or operating one or more common elements by more than 10% in any 12-month period unless a majority of unit owners approves the fee … [Continue reading...]
HB22-1137 Homeowners’ Association Board Accountability And Transparency
With regard to a unit owner's delinquency in paying unit homeowners' association (HOA) assessments, fines, or fees, section 1 of the act: Requires an HOA to first contact the unit owner regarding the delinquency by, in addition to sending a notice of delinquency to the unit owner by certified mail and by posting a copy of the notice on the unit owner's property, contacting the unit owner by … [Continue reading...]
HB22-1071 – Damages In Class Actions Consumer Protection Act
Providing information on the relief available to plaintiffs who prevail in a class action under the "Colorado Consumer Protection Act". BILL SUMMARY Colorado Consumer Protection Act provides that a successful plaintiff may recover actual damages, injunctive relief permitted by law, and reasonable attorney fees and costs in a class action. PRIME … [Continue reading...]
