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As an HOA interested party, you might want to know about an important bill that became law on August 7, 2024. Numerous bills affecting HOA life became law during the 2024 legislative session and if you want to learn more about these bills, you can visit the HOA Information and Resource Center’s 2024 legislative summaries or you can view our recent HOA Forum where attendees got a run-down on the most important 2024 HOA-related bills.
This notice is not about all of those bills but pertains to a specific one. Senate Bill 24-021 requires the HOA Information and Resource Center to notify cooperatives and planned communities (1) about the enactment of Senate Bill 24-021 and (2) that cooperative and planned communities may elect to be subject to the entirety of the Colorado Common Interest Ownership Act (“CCIOA”) by adopting an amendment to their declaration.
Earlier this week, the HOA Center delivered a message to associations to inform those associations of Senate Bill 24-021. You can review that notice here.
Whether you are a unit owner, board member, Community Association Manager, or licensed Colorado attorney, you might want to review the bill and determine if your association, or any association that you are associated with qualifies pursuant to the law. It is important to understand that the HOA Information and Resource Center is not able to determine whether your association qualifies and is not able to provide legal advice.
Thank you for your careful consideration of this advisory.
-HOA Information and Resource Center-
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