The House Business Affairs and Labor Committee heard testimony this afternoon on whether to approve the introduction of a bill to continue the Community Association Manager Licensure Program for another five years and to include other recommendations of the Colorado Department of Regulatory Agencies (DORA), which I outlined in my blog posting on January 29th.

Based upon the testimony presented and questions answered by the Director of the Division of Real Estate, the Committee overwhelmingly approved the introduction of a bill reflecting all but one of the recommendations of DORA.  The recommendation that was deleted from the bill is the recommendation that the Director of the Division of Real Estate be authorized to establish renewal fees for management companies.

The bill will be formally introduced tomorrow and I will post that bill on this blog as soon as it becomes available.