s_agr_2016a_2016-04-14t13:29:00z2 Hearing Summary

Date: 04/14/2016

01:41 PM -- HB 16-1339



Senator Baumgardner, prime sponsor, discussed the provisions of House Bill 16-1339 concerning agriculture property foreclosures. Under current law, the number of calendar days that must elapse between the date of the foreclosure notice and the foreclosure sale is between 110 and 125 days for residential property, and between 215 and 230 days for agricultural property. Current law requires that agricultural property be entirely agricultural in foreclosure proceedings. This bill allows property that is any part agricultural to be considered agricultural and entitled to the longer time frame. In addition, the bill requires that a determination of whether a property is agricultural made by the assessor of the county where the property is located, be made independent of the county tax assessor's classification of a residential improvement as not being integral to the agricultural operation.



The following persons testified on the bill:



01:44 PM -- Brita Horn, Procurement Technical Assistance Center (PTAC), spoke in support of the bill and responded to questions from the committee about the bill.



01:46 PM -- Keith Erthmeyer, Colorado Assessors Association, Assessor for City and County of Denver, spoke in support of the bill and responded to questions from the committee foreclosure process for agricultural properties.



01:47 PM



The chair closed testimony and Senator Baumgardner closed his remarks on the bill.