First Regular Session Sixty-seventh General Assembly STATE OF COLORADO INTRODUCED LLS NO. 09-0467.01 Kristen Forrestal SENATE BILL 09-028 SENATE SPONSORSHIP Harvey, HOUSE SPONSORSHIP Gerou, Senate Committees House Committees State, Veterans & Military Affairs A BILL FOR AN ACT Concerning a limit on real estate license fee increases by the division of real estate. Bill Summary (Note: This summary applies to this bill as introduced and does not necessarily reflect any amendments that may be subsequently adopted.) Limits the increase in real estate license fees to no more than 20% annually and no more 50% between sunset reviews of the division of real estate or in a 10-year period, whichever is greater. Be it enacted by the General Assembly of the State of Colorado: SECTION 1. 12-61-111.5 (2) (a), Colorado Revised Statutes, is amended to read: 12-61-111.5. Fee adjustments. (2) (a) The division shall propose, as part of its annual budget request, an adjustment in the amount of each fee which that it is authorized by law to collect under parts 1, 3, 4, and 7 of this article. The budget request and the adjusted fees for the division shall reflect direct and indirect costs. The fees paid pursuant to section 12-61-110 shall not be increased by more than twenty percent annually or more than fifty percent between reviews of this article pursuant to section 12-61-123 or during a ten-year period, whichever is greater. SECTION 2. Safety clause. The general assembly hereby finds, determines, and declares that this act is necessary for the immediate preservation of the public peace, health, and safety.