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CO SB171
Bill
AI Summary
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Removes the September 1, 2013 deadline for the governor to appoint six members to the Colorado New Energy Improvement District board and clarifies the district's status as a special district subject to state constitutional sole source contracting provisions.
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Allows counties to adopt resolutions authorizing or deauthorizing the district to conduct energy improvement programs within their jurisdictions, with county treasurers retaining collection fees for special assessments and counties remaining obligated for existing financing obligations.
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Requires the district to consult with banking industry representatives, counties, municipalities, and property owners when developing processes to obtain mortgage holder consent for subordinating mortgages to district special assessment liens.
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Modifies special assessment payment procedures to align with property tax practices, including payment timing, installment options (up to 20 years), delinquency rules, and collection by county treasurers who remit funds to the district after retaining collection fees.
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Establishes procedures for county treasurers to include delinquent special assessments in tax lien sales and allows the district to bid on and purchase certificates of purchase, with a new provision authorizing the district to use reserve accounts to satisfy special assessment obligations when a treasurer's deed is issued on district properties.
Legislative Description
New Energy Improvement District Clarifications
Last Action
Governor Signed
6/6/2016