CO HB1161

Eliminates the bond allocations committee and transfers its duties to the State Housing Board, which will review and recommend statewide priorities for private activity bond allocation.

Removes the 30 percent cap on the direct allocation fee that the Department of Local Affairs may charge entities using direct allocations to issue private activity bonds or make mortgage credit certificate elections.

Changes references throughout the statute from "committee" to "board" in sections governing statewide balance allocation and administrative fee determinations.

Takes effect August 5, 2020, or upon voter approval if a referendum petition is filed within 90 days of final adjournment of the general assembly.