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CO SB262
Bill
AI Summary
SB21-262: Special District Transparency
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Requires public notice of director election nominations be made by publication plus one additional method: mailing, newsletter inclusion, website posting, or public posting (depending on district size).
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Metropolitan districts organized after January 1, 2000 must email nomination notices to registered electors 150 days before elections, with mailing as backup for those without email on file.
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Requires metropolitan districts to establish and maintain publicly accessible websites containing director names, budgets, audit reports, meeting schedules, election results, district boundaries, and other operational information within one year of organization or by January 1, 2023.
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Mandates annual reporting by special districts created after July 1, 2000, including boundary changes, intergovernmental agreements, litigation summaries, budget and audit information, and debt defaults; reports due by October 1 starting in 2023.
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Requires sellers of newly constructed residences in metropolitan districts to disclose estimated property taxes, service plan details, and debt authorization information to purchasers before sale execution, effective January 1, 2022.
Legislative Description
Special District Transparency
Last Action
Governor Signed
6/28/2021