Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu
HB23-1131

Majority Of Unit Owners Required For Home Owners' Association Budgets

Concerning approval of the budget of a common interest community, and, in connection therewith, requiring a majority of unit owners of a common interest community to be present at a meeting in order for the executive board to approve a proposed budget and authorizing a majority of unit owners present at the meeting to veto a proposed budget that is approved at such a meeting.
Session:
2023 Regular Session
Subject:
Housing
Bill Summary

The bill requires a majority of all unit owners in a common interest community to be present at a meeting of the executive board of the unit owners' association (executive board) in order for the executive board to vote on a proposed budget. If a majority of all unit owners are present at the meeting and the executive board approves the proposed budget, a majority of unit owners present at the meeting may vote to veto the proposed budget.


(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

Menu

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. R. Weinberg

Sponsor

Co-sponsor

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

Request for Proposal for the COYAC Contract. Details

Our website is currently undergoing a redesign in order to provide a better experience for everyone. View the Beta site