Colorado Reserve Study Laws

Helpful information for Colorado Reserve Study Companies & HOA Industry Professionals

Colorado Reserve Study Legislation & HOA Reserve Fund Laws

The unit owners’ associations may adopt and amend budgets for revenues, expenditures, and reserves and impose and collect assessments for common expenses from unit owners. Section 38-33.3-302.

When the association has a reserve study prepared for the portions of the community maintained, repaired, replaced, and improved by the association; whether there is a funding plan for any work recommended by the reserve study and, if so, the projected sources of funding for the work; and whether the reserve study is based on a physical analysis and financial analysis. An internally conducted reserve study shall be sufficient. Section 38-33.3-209.5

There is no statutory requirement to fund reserves.

Source: Community Associations Institute Summary of State Reserve Fund Laws (Oct 2022)

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