HB 1197 Still on the Drawing Board
As we informed you in our February 2, 2011 blog posting, HB 1197 was introduced that day and addresses the superlien that homeowner associations ("HOAs") have under the Colorado Common Interest Ownership Act ("CCIOA"). As originally introduced, the bill was detrimental to HOAs.
While the bill was originally scheduled to be heard tomorrow in the House Economic and Business Development Committee, the bill as initially written is undergoing a major rewrite and is not expected to be heard in Committee until later this week. CAI’s Colorado Legislative Action Committee (“CLAC”) has been working diligently with the sponsor of the bill, Representative Deb Gardner, and other stakeholders to redraft the bill in a manner that is positive for HOAs.
Please do not contact members of the Committee to ask them to oppose HB 1197 at this time. The language as originally introduced is no longer on the table. We will provide you with updates as they become available on the rewrite and the position which CLAC ultimately takes to protect the interests of HOAs in Colorado. We will also provide you with updates on what you can do to become productively engaged in this process.