Impact of Legislation on Homeowners

The fiscal note that accompanies HOA legislation provides an explanation of a Bill's fiscal impact on state and local government. It does not address the costs that legislation has on HOAs, i.e., on the Homeowners. It should! Therefore, as your Task Force makes recommendations to the Legislature, at least a discussion of the impact on the costs that must be passed on the Homeowners should be included. The costs associated with HB 22-1137 were significant, as would certainly be the case with any future legislation dealing with foreclosures, fining processes, etc.