CO SB115

Creates the Electronic Recording Technology Board in the Department of State as an enterprise with nine members representing government, real estate, title, and mortgage lending industries to develop and modernize electronic filing systems statewide.

Authorizes the Board to impose an electronic filing surcharge of up to $2 per document from January 1, 2017 through December 31, 2021, with proceeds transmitted to the state and deposited in the Electronic Recording Technology Fund.

Establishes the Electronic Recording Technology Fund to award grants to counties for creating, maintaining, improving, or replacing electronic filing systems, with priority given to rural counties and those lacking sufficient surcharge revenue.

Requires the Board to develop functionality standards, best practices, and training for electronic filing systems; issue requests for proposals for equipment and software; and prepare annual reports on grant awards through September 1, 2022.

Extends the existing $1 surcharge on documents recorded by county clerks from June 30, 2017 to December 31, 2026, and modifies the definition of electronic filing systems to include converted paper documents; repeals the Secretary of State's prior role in establishing electronic filing standards.