SB 06-089 has passed through the Senate and is now on its way to the House where it will again be directed to a committee for review. As we previously mentioned, there have been amendments to the bill as it was introduced. Click here to view the bill as it left the Senate.

If you support SB 89, which is largely a clean-up bill to last year’s SB 100, now is the time to call your State Senator and voice that support. The Senate could take action on this bill as early as Monday, February 27, 2006, so be sure to make contact no later than…

SB 06-089 emerged from the Senate Judiciary Committee with some amendments on Monday. For those interested, CLAC (Colorado Legislative Action Committee) has prepared a useful matrix showing the current status of the bill, with amendments.

We already reported that your Colorado association may be responsible for another responsible governance policy under the proposed revisions to SB 100, but did you know SB 06-089 also proposes an additional disclosure under C.R.S. 38-33.3-209.4?
Continue Reading SB 06-089: Colorado Legislation Proposes New Disclosure under C.R.S. 38-33.3-209.4

SB 06-089, the SB 100 clean-up bill, is scheduled to be heard in front of the Senate Judiciary Committee on February 6, 2006, at 1:30 pm. If you intend to make your comments heard prior to the hearing, you should contact your senator by February 3, 2006. You also have the option of attending the hearing.
Continue Reading SB 06-089 Update: Senate Judiciary Committee Hearing

We already told you that the SB 100 clean-up bill has been introduced. If you have not had the opportunity to review the bill yourself, you may not know that additional changes are proposed to 38-33.3-124, regarding alternative dispute resolution.
Continue Reading New Policy Requirement for Colorado Associations?

The Capitol is again bustling as our state legislators return from hiatus. As you may already know, a clean-up bill has been introduced as follow-up to last year’s infamous SB 100. The bill, SB 06-089, is again sponsored by Senator Hagedorn and Representative Carroll. Keep your eye on our site for more…

As you undoubtedly know by now, the first significant time sensitive obligation imposed by S.B. 100 has now passed. (You can review a copy of S.B. 100 by clicking on S.B. 100 under the “Other Resources and Lawyer Blogs” in the left margin of this page.) By January 1, 2006, virtually every common interest community was to have adopted seven mandatory responsible governance policies dealing with how it goes about adopting and amending policies, handling collections, dealing with board member conflicts of interest, conducting meetings, providing for members to inspect and copy association records, enforcing covenants and rules and imposing fines, and investing association reserve funds. If your association has not yet adopted these policies, it should do so right away. While there is no explicit remedy or penalty for an association’s failure to adopt these policies, to carry out its fiduciary responsibilities, your board must adopt these policies to comply with Colorado law and avoid any liability to your members for failure to do so.
Continue Reading S.B. 100 – Is It Over Yet?