Protect Financial Condition of Homeowners Associations
The act requires the declarant of a new planned community or condominium, prior to transfer of control from the declarant to the association of a planned community or condominium, to obtain and pay for a reserve study for the planned community or condominium. The study must estimate the projected costs of maintaining, repairing, or replacing the common elements or property of the planned community or condominium over a 30-year period. The reserve study must be conducted by an independent reserve study professional or other qualified professional with knowledge of industry standards and that has no business relationship with or financial interest in the declarant and is not a affiliate of the declarant. When an association, other than a self-managed association, changes association management companies, the former association management company shall, within 45 days, deliver to the new association management company or the association, at no charge to the association, all association property, records, money, accounts, information, and other items or information specified in the act (property and records). Unless otherwise agreed in writing, the former association management company shall pay the association $250 for each business day that it fails to timely return the association's property and records and is liable for all interest and late fees on late payments made by the association due to the former association management company's failure to turn over the property and records, as well as any other damages incurred by the association. In a civil action to recover the property and records or the payments owed to the association for the former association management company's failure to turn over the property and records, if the court finds that the former association management company's violation was willful, the former association management company shall be liable for treble the association's actual damages, plus reasonable attorney fees and court costs.(Note: This summary applies to this bill as enacted.)
The act requires the declarant of a new planned community or condominium, prior to transfer of control from the declarant to the association of a planned community or condominium, to obtain and pay for a reserve study for the planned community or condominium. The study must estimate the projected costs of maintaining, repairing, or replacing the common elements or property of the planned community or condominium over a 30-year period. The reserve study must be conducted by an independent reserve study professional or other qualified professional with knowledge of industry standards and that has no business relationship with or financial interest in the declarant and is not a affiliate of the declarant. When an association, other than a self-managed association, changes association management companies, the former association management company shall, within 45 days, deliver to the new association management company or the association, at no charge to the association, all association property, records, money, accounts, information, and other items or information specified in the act (property and records). Unless otherwise agreed in writing, the former association management company shall pay the association $250 for each business day that it fails to timely return the association's property and records and is liable for all interest and late fees on late payments made by the association due to the former association management company's failure to turn over the property and records, as well as any other damages incurred by the association. In a civil action to recover the property and records or the payments owed to the association for the former association management company's failure to turn over the property and records, if the court finds that the former association management company's violation was willful, the former association management company shall be liable for treble the association's actual damages, plus reasonable attorney fees and court costs.(Note: This summary applies to this bill as enacted.)
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Refer House Bill 26-1099, as amended, to the Committee of the Whole. — pass (pass) · lower
Sponsors
B. Titone — primary (person)
C. Kolker — primary (person)
J. Marchman — primary (person)
K. Nguyen — primary (person)
C. Kipp — cosponsor (person)
I. Jodeh — cosponsor (person)
J. Bacon — cosponsor (person)
J. Coleman — cosponsor (person)
J. Gonzales — cosponsor (person)
J. Joseph — cosponsor (person)
M. Lindsay — cosponsor (person)
M. Weissman — cosponsor (person)
T. Exum — cosponsor (person)
T. Sullivan — cosponsor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2026-04-13 Governor Signed executive-signature
2026-04-02 Sent to the Governor executive-receipt
2026-04-01 Signed by the President of the Senate passage
2026-04-01 Signed by the Speaker of the House passage
2026-03-25 Senate Third Reading Passed - No Amendments passage, reading-3
2026-03-24 Senate Second Reading Passed - No Amendments reading-2
2026-03-19 Senate Committee on Local Government & Housing Refer Unamended to Senate Committee of the Whole committee-passage, referral-committee
2026-03-03 Introduced In Senate - Assigned to Local Government & Housing introduction
2026-02-26 House Third Reading Passed - No Amendments passage, reading-3
2026-02-25 House Third Reading Laid Over Daily - No Amendments
2026-02-24 House Second Reading Special Order - Passed with Amendments - Committee
2026-02-24 House Committee of the Whole Amendment - Change from Passed to Lost
2026-02-23 House Second Reading Laid Over Daily - No Amendments
2026-02-18 House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole committee-passage, referral-committee
2026-02-03 Introduced In House - Assigned to Transportation, Housing & Local Government introduction
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/d37395bf-8753-43cf-80aa-2bd467f34b61. Confidence: reported (aggregated from official Colorado legislature records).
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