Industry Updates | August 2, 2018

Pre-CCIOA Communities Can Veto the Association Budget

If you are a Post-CCIOA community you are familiar with the budgeting process.  However, if you live in a community association that was developed prior to July 1, 1992 you may not.  House Bill 18-1342 was passed by Governor John Hickenlooper requiring all Pre-Colorado Common Interest Ownership Act (CCIOA) to follow the same veto process found in Section 303(4)(a) of CCIOA….