SB 11-202 Summary

• Allows municipalities and counties to use proceeds from hospital sales for any public purpose if approved by voter ballot question

• Requires a majority vote of voters in the municipality or county to authorize the specific public purpose for which proceeds will be used

• Exempts hospital sale transactions from certain regulatory restrictions (paragraphs (a), (b), (f), and (i) of subsection (1) of section 6-19-403 and section 6-19-405) when voter approval is obtained

• Adds definition of "municipality" to Colorado Revised Statutes section 6-19-102, referencing the meaning in section 31-1-101(6)

• Designated as emergency legislation necessary for immediate preservation of public peace, health, and safety