Senators Kolker and Marchman, prime sponsors, introduced and explained House Bill 26-1099. This bill sets new financial requirements for common interest communities by requiring reserve studies.

Matthew Kuisle, representing Reserve Advisors LLC, testified to amend the bill. Edward Schoenheit, representing Stetson Hills Master HOA, testified to amend the bill.

Molly Foley-Healy, representing Colorado Coalition for Responsible Associations, testified in support of the bill.

Written testimony submitted to the committee is appended as Attachment B.

The bill sponsors made closing comments.

The committee recessed.

The committee reconvened.