NOTE: The governor signed this measure on 4/21/2015.
      
      
      HOUSE BILL 15-1095
      
      
      BY REPRESENTATIVE(S) Carver, Joshi, Lundeen, Saine, Tate, Fields,
      Lee, Melton, Mitsch Bush, Ransom, Williams;
      also SENATOR(S) Lundberg, Baumgardner, Cooke, Grantham, Lambert,
      Neville T., Scheffel, Woods.
      
      
      Concerning the extension of an exemption under the "Colorado
           Common Interest Ownership Act" for certain small
           common-interest communities to include communities
           created before July 1, 1992, whose declarations limit their
           annual common expense liability to no more than three
           hundred dollars.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, amend 38-33.3-119
      as follows:
      
           38-33.3-119.  Exception for small preexisting cooperatives and
      planned communities. If a cooperative or planned community created
      within this state before July 1, 1992, contains no more than ten units and
      is not subject to any development rights, or if its declaration limits its
      annual common expense liability to the amount specified in
      section 38-33.3-116 (1), then it is subject only to sections 38-33.3-105 to
      38-33.3-107 unless the declaration is amended in conformity with
      applicable law and with the procedures and requirements of the declaration
      to take advantage of the provisions of section 38-33.3-120, in which case
      all the sections enumerated in section 38-33.3-117 apply to that planned
      community.
      
           SECTION 2.  Act subject to petition - effective date. This act
      takes effect at 12:01 a.m. on the day following the expiration of the
      ninety-day period after final adjournment of the general assembly (August
      5, 2015, if adjournment sine die is on May 6, 2015); except that, if a
      referendum petition is filed pursuant to section 1 (3) of article V of the state
      constitution against this act or an item, section, or part of this act within
      such period, then the act, item, section, or part will not take effect unless
      approved by the people at the general election to be held in November 2016
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ________________________________________________________
      Dickey Lee Hullinghorst                Bill L. Cadman
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO