S.B. 07-124 Colorado housing and finance authority - "Colorado Housing and Finance Authority Act" - revisions. Eliminates statutory restrictions on distributions to sponsors in rental finance transactions and allows the Colorado housing and finance authority (CHFA) to impose or not impose restrictions in accordance with applicable regulations or internal policies.
Provides that statutory findings required to be made by the board of directors of CHFA may be made by CHFA.
Changes the definition of "low-income family" and "low- or moderate-income family" to authorize CHFA to determine which families qualify.
Permits attendance and voting at CHFA board meetings through the use of teleconferencing. Clarifies that all public records of CHFA are subject to the "Colorado Open Records Act". Provides that the CHFA board may act by a majority vote of the members present rather than by a majority of the entire board.
Deletes specific statutory requirements that, generally, mortgages securing loans must be first liens and deletes the requirement that the loan-to-value ratio of a first mortgage loan and second mortgage loan on the same property may not exceed 92%.
Clarifies that CHFA may refund bonds of other issuers and that CHFA may issue bonds with fixed or variable interest rates or as otherwise determined by CHFA. Clarifies that CHFA may refinance existing loans from other lenders in the single-family and multi-family areas.
Authorizes CHFA to finance public infrastructure improvements beyond the boundaries of a project or housing facility if the facilities are adjacent to the project and support the operation of the project.
APPROVED by Governor
May 3, 2007
EFFECTIVE May 3, 2007
S.B. 07-145 Local government - authority to offer incentives - renewable energy fixtures. Gives counties and municipalities the authority to grant incentives to a residential or commercial property owner for installation of renewable energy fixtures on his or her residential or commercial property.
Defines a renewable energy fixture as any fixture, product, system, device, or interacting group of devices that produce electricity from renewable resources, including, but not limited to, photovoltaic systems, solar thermal systems, small wind systems, biomass systems, or geothermal systems.
APPROVED by Governor
April 16, 2007
EFFECTIVE August 3,
2007
NOTE: This act was
passed without a safety clause. For further explanation concerning
the effective date, see page vi of this digest.
S.B. 07-157 Approval of urban renewal plans - notice of commissioning of study to determine whether area is slum, blighted area, or a combination. In addition to any other notice required by law, within 30 days of the commissioning of a study to determine whether an area is a slum, blighted area, or a combination thereof, requires an urban renewal authority to provide notice to any owner of private property located in the area that is the subject of the study by mailing notice to the owner by regular mail at the last-known address of record. Requires the notice to state that the authority is commencing a study necessary for making a determination as to whether the area in which the owner owns property is a slum or a blighted area. Requires the authority to send notice of a determination that the area is not a slum, blighted area, or a combination thereof within 30 days of such determination to any owner of private property located in the area that is the subject of the study by mailing notice to the owner by regular mail at the last-known address of record.
APPROVED by Governor
May 22, 2007
EFFECTIVE September
1, 2007
NOTE: This act was
passed without a safety clause. For further explanation concerning
the effective date, see page vi of this digest.
H.B. 07-1146 Planning - building codes - energy efficiency code - adoption. Requires every board of county commissioners (board) and every governing body of a municipality (governing body) that has enacted a building code to adopt an energy code that meets or exceeds the standards in the 2003 international energy conservation code (code) as minimum requirements that apply to the construction of any commercial or residential buildings in the county or municipality for which a building permit application is received after July 1, 2007.
Exempts certain buildings from the requirements of the energy code. Specifies the period during which a board or governing body shall adopt an code. Authorizes the board or the governing body to make amendments to the code that are deemed appropriate for local conditions and that do not decrease the effectiveness of the code.
Directs the governor's office of energy management and conservation to provide information explaining the requirements of the code and to provide boards and governing bodies with technical assistance concerning the implementation and enforcement of the code.
APPROVED by Governor
May 3, 2007
EFFECTIVE July 1,
2007
H.B. 07-1246 Master plan of a county, region, or municipality - circumstances under which master plan is made binding. Specifies that the master plan of a county, region, or municipality, as applicable, shall constitute an advisory document to guide land development decisions. Authorizes the plan or any part of the plan to be made binding by inclusion in the county's, region's, or municipality's adopted subdivision, zoning, platting, planned unit development, or other similar land development regulations after satisfying notice, due process, and hearing requirements for legislative or quasi-judicial processes as appropriate.
Specifies that no master plan originally adopted or amended by a county, region, or municipality, as applicable, shall conflict with a master plan for the extraction of commercial mineral deposits adopted by the local government.
APPROVED by Governor
April 25, 2007
EFFECTIVE August 3,
2007
NOTE: This act was
passed without a safety clause. For further explanation concerning
the effective date, see page vi of this digest.
H.B. 07-1334 Statewide internet portal authority - audits. Excludes the statewide internet portal authority from the definition of "local government" under the "Colorado Local Government Audit Law".
APPROVED by Governor
May 3, 2007
EFFECTIVE May 3, 2007
H.B. 07-1344 County public safety improvements - sales tax - administration - local improvement districts - sales tax cap. Authorizes the board of county commissioners of a county to levy a sales tax of not more than 2% to be used for public safety improvements (tax). Defines "public safety improvements" to include capital expenditures and operational costs associated with specified public safety organizations. Prescribes procedures for the board to propose and seek voter approval for the tax. Requires the department of revenue to collect and administer the tax in the same manner as other county sales taxes and to retain collection and administration costs. Prohibits public moneys from being expended to influence voting on the tax. Exempts the tax from the existing limit on total sales taxes levied by local governments.
Increases the maximum rate of sales tax that a local improvement district may levy.
APPROVED by Governor
May 30, 2007
EFFECTIVE August 3,
2007
NOTE: This act was
passed without a safety clause. For further explanation concerning
the effective date, see page vi of this digest.
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