Colorado 2026 Regular Session Status: Enacted 10 D cosponsors

SB 155 — Increase Access Homeowner's Insurance Enterprise

Last action — Governor Signed

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced April 07, 2026. Enacted.

Signed by Governor Jared Polis (Democratic) on June 04, 2026.

Prognosis

Likely to advance 66% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 30 sponsors

    4 primary, 26 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (10 D).

  • Mixed recorded votes

    19 passed, 1 failed in recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill creates a government enterprise to improve homeowner's insurance and mitigate hail damage in Colorado.

This bill establishes the Strengthen Colorado Homes Enterprise, which will collect fees from insurance companies to fund grants for homeowners to install resilient roofs and reduce hail damage. It also includes studies on insurance risks in high wildfire areas and sets standards for roofing contractors.

What this means for you
  • Homeowners: Homeowners may benefit from grants to install resilient roofs, which can help protect against hail damage and reduce insurance losses.
  • Contractors: Roofing contractors will be held to new standards and may receive training grants to improve their skills in installing resilient roofing systems.
  • Insurance Companies: Insurance companies will pay an annual fee but may see benefits from reduced claims and losses associated with hail damage.

Summary

The act creates the strengthen Colorado homes enterprise (enterprise), which is a government-owned business created in the division of insurance (division) in the department of regulatory agencies. The enterprise is governed by a 7-member board (board), including the commissioner of insurance (commissioner), or their designee; members with expertise in home hardening, risk mitigation, resilient roof systems, and insurance underwriting or actuarial analysis; and members representing the interests of insurance companies, consumers, and counties.     The primary purpose of the enterprise is to impose and collect an annual fee (fee) from an admitted insurance company that offers multiperil homeowner's insurance policies in the state and is subject to certain filing requirements with the division, not including the fair access to insurance requirements association (insurer).     The enterprise shall use fee revenue to provide business services to insurers that pay the fee, including:Reducing insurer losses and administrative expenses due to hail damage claims by defraying the cost of retrofitting residential property by providing grants for the installation of resilient roof systems (grants). At least 85% of the fee revenue must be used for grants to Colorado homeowners to retrofit residential property to reduce insurer losses due to hail and windstorms.Analyzing data on hail losses to identify areas of the state to target for installation of resilient roof systems;Setting standards for resilient roof systems and awarding workforce training grants for installing and certifying resilient roof systems;Creating codes of conduct for roofing contractors to ensure roofs are properly and appropriately installed;Evaluating roofing protocols to ascertain if the protocols meet science-based, certifiable standards; Conducting or contracting with a third party to conduct a study to analyze insurance risk in high-risk wildfire areas of the state; andImproving market stability throughout the state.     Beginning in the 2027 calendar year, the amount of the fee imposed and collected by the enterprise is an amount equal to 0.5% of the total premium collected by an insurer on multiperil homeowner's insurance policies in the state in the immediately preceding calender year. The insurer shall not surcharge the fee amount to policyholders. The enterprise may lower or cease collecting the fee from an insurer in any calendar year to ensure that total fee revenue does not exceed $100 million in the first 5 years of the enterprise's existence.          In awarding grants, the board shall prioritize homes that are the homeowner applicant's (applicant) primary residence and shall consider other criteria, including applicant income, the age of the roof, the size of the home, the number of grant applicants, whether the home is in a locality with hail-resistant building codes, and whether the applicant lives in a location that has historically had a higher susceptibility to extreme weather events. In order to ensure the necessary workforce, fee revenue may also be used to award grants to defray the costs of training and certification related to installing and certifying resilient roof systems. A contractor that is awarded bids and receives money from a grant is prohibited from waiving homeowner's insurance deductibles.     In addition, the board shall use fee revenue to conduct or contract with a third party to conduct a study to analyze insurance risk in high-risk wildfire areas of the state, including an analysis of market competition in those areas and the impact of a high risk program on the potential losses in the high-risk wildfire areas of the state and the availability of homeowner's insurance in those areas. The board or third party conducting the study shall engage with relevant stakeholders that include, at a minimum, representatives of reinsurers and reinsurance brokers, insurers writing homeowner's insurance contracts or policies in Colorado, individuals with expertise in complex financial instruments and debt instruments, and consumers or other individuals with expertise in wildfire mitigation. The board shall send the study to certain committees of the general assembly.          The board shall adopt rules and policies for the regulation of the enterprise's affairs and the conduct of enterprise business, including standards for resilient roof systems and standards for contractor-specialized training in the installation of impact-resistant roof systems.     No sooner than January 1, 2027, and upon the commissioner adopting rules, an insurer offering multiperil homeowner's insurance for property or risks located in the state is required to submit an annual filing to the commissioner that includes the number of policies in force, the number of homes that have installed a resilient roof system, the discount applied to homes due to the presence of a resilient roof system, and the wind and hail claims frequency and severity for homes with and without a resilient roof system.     $66,250 is appropriated from the legal services cash fund to the department of law to provide legal services to the department of regulatory agencies to implement the act. The appropriation is from revenue received from the department of regulatory agencies that is continuously appropriated to the department of regulatory agencies from the strengthen Colorado homes enterprise fund. The appropriation to the department of law is based on an assumption that the department of law will require an additional 0.3 FTE to implement the act.(Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

372 added · 383 removed

Plain-language change summary

The recent amendment to Bill SB 155 has added a new section that outlines the importance of homeowner's insurance in Colorado, especially in light of increasing extreme weather events and their economic impacts. Specifically, the revised language emphasizes the need for home hardening—making homes more resilient to disasters like wildfires and hail. This change matters because it not only acknowledges the challenges homeowners face but also aims to encourage investment in protective measures, potentially leading to more affordable home insurance options in the state.

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NOTE:
This bill has been prepared for the signatures of the appropriate legislative officers and the Governor.
To determine whether the Governor has signed the bill or taken other action on it, please consult the legislative status sheet, the legislative history, or the Session Laws.
also REPRESENTATIVE(S) McCluskie and Brown, Boesenecker, Camacho,Clifford,Duran,Froelich,Joseph,Lindsay,McCormick,Nguyen, Paschal, Ricks, Rutinel, Rydin, Sirota, Smith, Stewart K., Titone.
also REPRESENTATIVE(S) McCluskie and Brown, Boesenecker, Camacho, Clifford,Duran,Froelich,Joseph, Lindsay,McCormick,Nguyen, Paschal, Ricks, Rutinel, Rydin, Sirota, Smith, Stewart K., Titone.
CONCERNINGINCREASINGTHEAVAILABILITYOFHOMEOWNER 'SINSURANCE IN THE STATE , AND , IN CONNECTION THEREWITH , MAKING AN APPROPRIATION .
CONCERNING INCREASINGTHEAVAILABILITYOFHOMEOWNER'S INSURANCE IN THE STATE, AND, IN CONNECTION THEREWITH, MAKING AN APPROPRIATION.
Be it enacted by the General Assembly of the State of Colorado:
Be it enacted by the General Assembly ofthe State ofColorado:
In Colorado Revised Statutes, add part 20 to article of title 10 as follows:
In Colorado Revised Statutesadd part 20 to article oftitle 10 as follows:
PART 20 STRENGTHEN COLORADO HOMES ENTERPRISE 10-4-2001.
PART20 STRENGTHEN COLORADO HOMES ENTERPRISE 10-4-2001.
(1) THE GENERAL ASSEMBLY :
(1)THE GENERAL ASSEMBLY:
________ Capital letters or bold & italic numbers indicate new material added to existing law;
through words or numbers indicate deletionsfrom existing law andsuch material is notpart of the act.
dashes through words or numbers indicate deletions from existing law and such material is not part of the act.
(a)FINDS AND DETERMINES THAT:
(a) FINDS AND DETERMINES THAT :
(I) INCREASED GREENHOUSE GAS EMISSIONS AND RAPIDLY RISING TEMPERATURES ARE CHANGING THE CLIMATE IN WAYS THAT THREATEN COLORADO'S ECONOMY, THE HEALTH OF ITS RESIDENTS, AND ITS NATURAL LANDSCAPE;
(I) ICREASED GREENHOUSE GAS EMISSIONS AND RAPIDLY RISING TEMPERATURES ARE CHANGING THE CLIMATE IN WAYS THAT THREATEN COLORADO S ECONOMY ,THE HEALTH OF ITS RESIDENT,AND ITS NATURAL LANDSCAPE ;
(II) THESE TEMPERATURE INCREASES HAVE AN IMPACT ON COLORADO'S ENVIRONMENT, WITH DROUGHT, HEAT WAYES, WINDSTORMS, WILDFIRES, HAIL, AND OTHER EXTREME WEATHER EVENTS INCREASING IN RECENT YEARS;
(II) THESE TEMPERATURE INCREASES HAVE AN IMPACT ON COLORADO S ENVIRONMENT ,WITH DROUGHT ,HEAT WAVES ,WINDSTORMS , WILDFIRES,HAIL ,AND OTHER EXTREME WEATHER EVENTS INCREASING IN RECENT YEARS ;
(III) THE ECONOMIC IMPACTS OF THESE INCREASINGLY FREQUENT AND SEVERE WEATHER EVENTS ARE SIGNIFICANT;
(III) TE ECONOMIC IMPACTS OF THESE INCREASINGLY FREQUENT AND SEVERE WEATHER EVENTS ARE SIGNIFICANT ;
(IV) COLORADO PROPERTY OWNERS ARE FACED WITH CHALLENGES IN FINDING INSURANCE COVERAGE AND INCREASING INSURANCE PREMIUMS, UNDERMINING THE ABILITY TO PURCHASE, SELL, AND OWN A HOME;
(IV) COLORADO PROPERTY OWNERS ARE FACED WITH CHALLENGES INFINDINGINSURANCECOVERAGEANDINCREASINGINSURANCEPREMIUMS , UNDERMINING THE ABILITY TO PURCHASE ,SELL,AND OWN A HOME ;
(V) THERE IS ANEED IN THE STATE TO ENCOURAGE INVESTMENTS IN HOME HARDENING, WHICH MEANS MAKING HOMES AND COMMUNITIES MORE RESILIENTTO EXTREME WEATHEREVENTS SUCHAS HAIL, WINDSTORMS, AND WILDFIRE, AND INCLUDES SCIENCE-BASED HAIL AND WIND MITIGATION MEASURES DESIGNED TO REDUCE INSURER LOSSES;
(V) THEREISANEEDINTHE STATE TOENCOURAGE INVESTMENTSIN HOMEHARDENING ,WHICHMEANSMAKINGHOMESANDCOMMUNITIESMORE RESILIENTTOEXTREMEWEATHEREVENTSSUCHASHAIL ,WINDSTORMS ,AND WILDFIRE, AND INCLUDES SCIENCE -BASED HAIL AND WIND MITIGATION MEASURES DESIGNED TO REDUCE INSURER LOSSES ;
(VI) MAKING INVESTMENTS IN HOME HARDENING WILL IMPROVE INSURERS' FINANCIAL STABILITY BY DECREASING LOSSES THAT WOULD OTHERWISE BE PAID BY THE INSURERS;
(VI) M AKING INVESTMENTS IN HOME HARDENING WILL IMPROVE INSURERS' FINANCIAL STABILITY BY DECREASING LOSSES THAT WOULD OTHERWISE BE PAID BY THE INSURERS;
(VII) INVESTMENTS IN HOME HARDENING WILL ALSO ENCOURAGE INSURER PARTICIPATION AND INCREASE COMPETITION IN THE INSURANCE MARKET TO OFFER COVERAGE THROUGHOUT THE STATE TO ALL COLORADANS, RESULTING IN LONG-TERM SAVINOS FOR HOMEOWNERS AND INSURERS;
(VII) INVESTMENTS IN HOME HARDENING WILL ALSO ENCOURAGE INSURER PARTICIPATION AND INCREASE COMPETITION IN THE INSURANCE MARKET TO OFFER COVERAGE THROUGHOUT THE STATE TO ALL COLORADANS ,RESULTING IN LONG-TERM SAVINGS FOR HOMEOWNERS AND INSURERS;
(VIII) TARGETING HOMES IN HIGH-RISK AREAS FORINVESTMENTS IN HOME HARDENING WILL IMPROVE THE OVERALL STABILITY OF THE HOMEOWNER'S INSURANCE MARKET FOR INSURERS;
(VIII) TARGETINGHOMESINHIGH RISKAREASFORINVESTMENTSIN HOME HARDENING WILL IMPROVE THE OVERALL STABILITY OF THE HOMEOWNER S INSURANCE MARKET FOR INSURERS ;
(IX) DATA FROM NORTH CAROLINA AND ALABAMA HAS SHOWN PA G E 2-SEN A TE BILL 26-155 THAT PROVIDING ASSISTANCE TO STRENGTHEN ROOFS RESULTS IN FEWER CLAIMS AND LOWER ADMINISTRATIVE EXPENSES, WHICH DIRECTLY INCREASES PROFITS FOR INSURERS;
(IX) D ATA FROM N ORTH CAROLINA AND A LABAMA HAS SHOWN PAGE 2-SENATE BILL 26-155 THAT PROVIDING ASSISTANCE TO STRENGTHEN ROOFS RESULTS IN FEWER CLAIMS AND LOWER ADMINISTRATIVE EXPENSES , WHICH DIRECTLY INCREASES PROFITS FOR INSURERS;
(X) STUDYING WAYS TO REDUCE WILDFIRE RISK IN HIGH-RISK AREAS OF THE STATE WILL REDUCE INSURER LOSSES AND ADMINISTRATIVE EXPENSES, THEREBY INCREASING INSURER CAPACITY STATEWIDE;
(X) STUDYINGWAYSTOREDUCEWILDFIRERISKINHIGH -RISKAREAS OF THE STATE WILL REDUCE INSURER LOSSES AND ADMINISTRATIVE EXPENSES ,THEREBY INCREASING INSURER CAPACITY STATEWIDE ;
(XI) ACCORDINGLY, IT IS APPROPRIATE TO FINANCE A HOME HARDENING PROGRAM THROUGH A FEE IMPOSED ON INSURERS THAT OFFER MULTIPERIL HOMEOWNER'S INSURANCE POLICIES IN THE STATE;
(XI) A CCORDINGLY , IT IS APPROPRIATE TO FINANCE A HOME HARDENING PROGRAM THROUGH A FEE IMPOSED ON INSURERS THAT OFFER MULTIPERIL HOMEOWNER 'S INSURANCE POLICIES IN THE STA;AND (XII) T HE FEE ON INSURERS IS REASONABLY RELATED TO THE BUSINESS SERVICES THE STRENGTHEN C OLORADO HOMES ENTERPRISE IS PROVIDING TO INSURERS;AND (b) DECLARES THAT :
AND (XII) THE FEE ON INSURERS IS REASONABLY RELATED TO THE BUSINESS SERVICES THE STRENGTHEN COLORADO HOMES ENTERPRISE IS PROVIDING TO INSURERS;
(I) T HE STRENGTHEN C OLORADO HOMES ENTERPRISE PROVIDES VALUABLE BUSINESS SERVICES AND BENEFITS TO INSURERS WHEN , IN EXCHANGEFORPAYMENTOFTHEFEEDESCRIBEDINSECTION 10-4-2003,THE ENTERPRISE USES THE FEE REVENUE TO:
AND (b) DECLARES THAT:
(A) R EDUCE INSURER LOSSES AND ADMINISTRATIVE EXPENSES DUE TO HAIL DAMAGE CLAIMS BY DEFRAYING THE COST OF RETROFITTING RESIDENTIAL PROPERTY BY PROVIDING GRANTS FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS;
(I) THE STRENGTHEN COLORADO HOMES ENTERPRISE PROVIDES VALUABLE BUSINESS SERVICES AND BENEFITS TO INSURERS WHEN, IN EXCHANGE FORPAYMENTOFTHE FEE DESCRIBED INSECTION 10-4-2003THE ENTERPRISE USES THE FEE REVENUE TO:
(B) ANALYZE DATA ON HAIL LOSSES IN THE HOMEOWNER 'S INSURANCE MARKET TO IDENTIFY THE AREAS OFTHE STATE TO TARGET FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS TO MAXIMIZE INSURER SAVINGS ;
(A) REDUCE INSURER LOSSES AND ADMINISTRATIVE EXPENSES DUE TO HAIL DAMAGE CLAIMS BY DEFRAYING THE COST OF RETROFITTING RESIDENTIAL PROPERTY BY PROVIDING GRANTS FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS;
(C) SET STANDARDS FOR RESILIENT ROOF SYSTEMS THAT INSURERS MAY RELY UPON AND ENSURE THAT THERE IS A WORKFORCE TRAINED TO CERTIFY FOR INSURERS THAT ROOFS MEET THOSE STANDARDS ;AND (D) C REATE CODES OF CONDUCT FOR ROOFING CONTRACTORS TO ENSURE ROOFS ARE PROPERLY AND APPROPRIATELY INSTALLED ,WHICH BENEFITS INSURERS BY REDUCING THEIR CLAIMS LOSSES;
(B) ANALYZE DATA ON HAIL LOSSES IN THE HOMEOWNER'S INSURANCE MARKETTO IDENTIFY THE AREAS OF THE STATE TOTARGET FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS TO MAXIMIZE INSURER SAVINGS;
PAGE 3-SENATE BILL 26-155 (II) BY PROVIDING THE BENEFITS AND SERVICES SPECIFIED IN THIS PART 20, THE STRENGTHEN COLORADO HOMES ENTERPRISE ENGAGES IN ACTIVITIESCONDUCTEDINTHEPURSUITOFABENEFIT ,GAIN,ORLIVELIHOOD AND THEREFORE OPERATES AS A BUSINESS;
(C) SET STANDARDS FOR RESILIENT ROOF SYSTEMS THAT INSURERS MAY RELY UPON AND ENSURE THAT THERE IS A WORKFORCE TRAINED TO CERTIFY FOR INSURERS THAT ROOFS MEET THOSE STANDARDS;
(III) CONSISTENT WITH THE DETERMINATION OF THE C OLORADO SUPREME COURT IN NICHOLL V.
AND (D) CREATE CODES OF CONDUCT FOR ROOFING CONTRACTORS TO ENSURE ROOFS ARE PROPERLY AND APPROPRIATELY INSTALLED, WHICH BENEFITS INSURERS BY REDUCING THEIR CLAIMS LOSSES;
E-470 PUBLICH IGHWAY AUTHORITY , 896 P.2d859 (COLO.1995),THATTHEPOWERTOIMPOSETAXESISINCONSISTENT WITH ENTERPRISE STATUS UNDER SECTION 20 OF ARTICLEX OF THE STATE CONSTITUTION ,THE GENERAL ASSEMBLY CONCLUDES THAT THE REVENUE COLLECTED BY THE ENTERPRISE IS GENERATED BY FEES ,NOT TAXES , BECAUSE THE MONEY CREDITED TO THE ENTERPRISE IS:
PAGE 3-SENATE BILL 26-155 (II)BY PROVIDING THE BENEFITS AND SERVICES SPECIFIED IN THIS PART 20, THE STRENGTHEN COLORADO HOMES ENTERPRISE ENGAGES IN ACTIVITIESCONDUCTEDINTHEPURSUITOFABENEFIT,GAIN,ORLIVELIHOOD AND THEREFORE OPERATES AS A BUSINESS;
(A) F OR THE SPECIFIC PURPOSE OF ALLOWING THE ENTERPRISE TO DEFRAYTHECOSTSOFPROVIDINGTHESERVICESDESCRIBEDINTHISPART 20;
(III)CONSISTENT WITH THE DETERMINATION OF THE COLORADO SUPREME COURT IN NICHOLL V.
(B) C OLLECTED AT RATES THAT ARE REASONABLY CALCULATED BASED ON THE COSTS OF THE SERVICES PROVIDED BY THE ENTERPRISEND (C) N OT STATE FISCAL YEAR SPENDING ,AS DEFINED IN SECTION 24-77-102 (17)OR STATE REVENUES ,AS DEFINED IN SECTIO24-77-103.6 (6)(c),ND DOES NOT COUNT AGAINST EITHER THE STATE FISCAL YEAR SPENDING LIMIT IMPOSED BY SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTIONORTHEEXCESSSTATEREVENUESCAP ,ASDEFINEDINSECTION 24-77-103.6 (6)(b),SO LONG AS THE ENTERPRISE QUALIFIES AS AN ENTERPRISE FOR PURPOSES OF SECTION 20OF ARTICLE X OF THE STATE CONSTITUTION ;AND (IV) NOOTHERENTERPRISE CREATEDSIMULTANEOUSLYORWITHIN THE PRECEDING FIVE YEARS SERVES PRIMARILY THE SAME PURPOSE AS THE ENTERPRISE,ANDTHEENTERPRISEWILLGENERATEREVENUEFROMFEESAND SURCHARGES OF LESS THAN ONE HUNDRED MILLION DOLLARS TOTAL IN ITS FIRSTFIVEFISCALYEARS .ACCORDINGLY THECREATIONOFTHEENTERPRISE DOES NOT REQUIRE VOTER APPROVAL PURSUANT TO SECTION 24-77-108.
E-470 PUBLIC HIGHWAY AUTHORITY, 896 P.2d 859 (COLO.
1995),THATTHEPOWERTO IMPOSETAXES IS INCONSISTENT WITH ENTERPRISE STATUS UNDER SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION, THE GENERAL ASSEMBLY CONCLUDES THAT THE REVENUE COLLECTED BY THE ENTERPRISE IS GENERATED BY FEES, NOT TAXES, BECAUSE THE MONEY CREDITED TO THE ENTERPRISE IS:
(A) FOR THE SPECIFIC PURPOSE OF ALLOWING THE ENTERPRISE TO DEFRAYTHECOSTSOFPROVIDINGTHESERVICES DESCRIBED INTHIS PART20;
(B) COLLECTED AT RATES THAT ARE REASONABLY CALCULATED BASED ON THE COSTS OF THE SERVICES PROVIDED BY THE ENTERPRISE;
AND (C) NOT STATE FISCAL YEAR SPENDING, AS DEFINED IN SECTION 24-77-102 (17), OR STATE REVENUES, AS DEFINED IN SECTION 24-77-103 .6 (6)(c),AND DOES NOT COUNT AGAINST EITHER THE STATE FISCAL YEAR SPENDING LIMIT IMPOSED BY SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTIONORTHEEXCESS STATE REVENUES CAP,AS DEFINED INSECTION 24-77-103.6 (6)(b), SO LONG AS THE ENTERPRISE QUALIFIES AS AN ENTERPRISE FOR PURPOSES OF SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION;
AND (IV) NO OTHER ENTERPRISE CREATED SIMULTANEOUSLY OR WITHIN THE PRECEDING FIVE YEARS SERVES PRIMARILY THE SAME PURPOSE AS THE ENTERPRISE, ANDTHEENTERPRISEWILLGENERATEREVENUE FROM FEESAND SURCHARGES OF LESS THAN ONE HUNDRED MILLION DOLLARS TOTAL IN ITS FIRSTFIVEFISCALYEARS.ACCORDINGLY,THECREATIONOFTHEENTERPRISE DOES NOT REQUIRE VOTER APPROVAL PURSUANT TO SECTION 24-77-108.
A S USED IN THIS PART 20, UNLESS THE CONTEXT OTHERWISE REQUIRES:
AS USED IN THIS PART 20, UNLESS THE CONTEXT OTHERWISE REQUIRES:
PAGE 4-SENATE BILL 26-155 (1) "B OARD " OR "ENTERPRISE BOARD " MEANS THE GOVERNING BOARD OF THE STRENGTHEN C OLORADO HOMES ENTERPRISE .
PA G E 4-SENATE BILL 26-155 (1) "BOARD" OR "ENTERPRISE BOARD" MEANS THE GOVERNING BOARD OF THE STRENGTHEN COLORADO HOMES ENTERPRISE.
(3) "FND "MEANSTHESTRENGTHEN COLORADOHOMESENTERPRISE FUND CREATED IN SECTION 10-4-2003 (5).
(3) "FUND" MEANSTHESTRENGTHENCOLORADO HOMES ENTERPRISE FUND CREATED IN SECTION 10-4-2003 (5).
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(4) "GRANTPROGRAM "MEANSTHESTRENGTHEN C OLORADOHOMES ENTERPRISE GRANT PROGRAM CREATED IN SECTION 10-4-2004.
(4) "GRANTPROGRAM" MEANSTHESTRENGTHEN COLORADOHOMES ENTERPRISE GRANT PROGRAM CREATED IN SECTION 10-4-2004.
(5)(a) "ISURER "MEANSANADMITTEDINSURANCECOMPANYTHAT OFFERS MULTIPERILHOMEOWNER S INSURANCE POLICIES IN THE STATE AND ISSUBJECTTOTHE COLORADODIVISIONOFINSURANCESTATISTICALREPORT , LINE4.
(5)a) "INSURER" MEANS AN ADMITTED INSURANCE COMPANY THAT OFFERS MULTIPERIL HOMEOWNER'S INSURANCE POLICIES IN THE STATE AND ISSUBJECTTOTHECOLORADODIVISIONOFINSURANCESTATISTICALREPORT, LINE 4.
(b) "ISURER " DOES NOT INCLUDE THE FAIR ACCESS TO INSURANCE REQUIREMENTS PLAN ASSOCIATION CREATED IN SECTION 10-4-1804.
(b)"INSURER" DOES NOT INCLUDE THE FAIR ACCESS TO INSURANCE REQUIREMENTS PLAN ASSOCIATION CREATED IN SECTION 10-4-1804.
(6) "RESILIENT ROOF SYSTEM" MEANS A ROOF THAT HAS OBTAINED AVERIFIEDWINDANDHAILCERTIFICATIONFROMTHE INSURANCE INSTITUTE FOR B USINESS AND HOME SAFETY "FORTIFIED"PROGRAM OR A SIMILAR SCIENCE-BASED VERIFIABLECERTIFICATION ASDETERMINEDBYTHEBOARD BY RULE.
(6) "RESILIENT ROOF SYSTEM" MEANS A ROOF THAT HAS OBTAINED AVERIFIED WINDAND HAILCERTIFICATION FROMTHEINSURANCEINSTITUTE FOR BUSINESS AND HOME SAFETY "FORTIFIED" PROGRAM OR A SIMILAR SCIENCE-BASED,VERIFIABLECERTIFICATION, AS DETERMINED BYTHEBOARD BY RULE.
(7) "SRENGTHEN C OLORADOHOMESENTERPRISE "OR "ENTERPRISE" MEANS THE STRENGTHEN C OLORADO HOMES ENTERPRISE CREATED IN SECTION 10-4-2003 (1).
(7)"STRENGTHENCOLORADOHOMES ENTERPRISE" OR "ENTERPRISE" MEANS THE STRENGTHEN COLORADO HOMES ENTERPRISE CREATED IN SECTION 10-4-2003 (1).
(1) Enterprise - creation - purpose.
(1)Enterprise - creation - purpose.
(a)(I) HESTRENGTHEN COLORADOHOMESENTERPRISEISCREATED IN THE DIVISION.
(a(I) THE STRENGTHEN COLORADOHOMES ENTERPRISE ISCREATED IN THE DIVISION.
HE ENTERPRISE IS A TYPE 1 ENTITY, AS DEFINED IN SECTION 24-1-105,AND EXERCISES ITS POWERS AND PERFORMS ITS DUTIES ANDFUNCTIONSUNDERTHEDIVISION .THEENTERPRISEISANDOPERATESAS PAGE 5-SENATE BILL 26-155 A GOVERNMENT -OWNED BUSINESS WITHIN THE DIVISION .
THE ENTERPRISE IS A TYPE 1 ENTITY, AS DEFINED IN SECTION 24-1-105, AND EXERCISES ITS POWERS AND PERFORMS ITS DUTIES AND FUNCTIONS UNDERTHE DIVISION.THE ENTERPRISE IS AND OPERATES AS PA G E 5-SENATE BILL 26-155 A GOVERNMENT-OWNED BUSINESS WITHIN THE DIVISION.
(II) THE BUSINESS PURPOSE OF THE ENTERPRISE,ACTING THROUGH THE BOARD ,IS TO IMPOSE AND COLLECT A FEE CHARGED TO INSURERS THAT OFFER MULTIPERIL HOMEOWNER 'S INSURANCE POLICIES AND TO USE THE REVENUE FROM THE FEE TO PROVIDE THE FOLLOWING BUSINESS SERVICES , AS DETERMINED BY THE BOARD ,TO INSURERS PAYING THE FEE:
(II)THE BUSINESS PURPOSE OF THE ENTERPRISE, ACTING THROUGH THE BOARD, IS TO IMPOSE AND COLLECT A FEE CHARGED TO INSURERS THAT OFFER MULTIPERIL HOMEOWNER'S INSURANCE POLICIES AND TO USE THE REVENUE FROM THE FEE TO PROVIDE THE FOLLOWING BUSINESS SERVICES, AS DETERMINED BY THE BOARD, TO INSURERS PAYING THE FEE:
(A) REDUCINGINSURERLOSSESANDADMINISTRATIVEEXPENSESDUE TO HAIL DAMAGE CLAIMS BY DEFRAYING THE COST OF RETROFITTING RESIDENTIAL PROPERTY BY PROVIDING GRANTS FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS ;
(A) REDUCING INSURERLOSSES ANDADMINISTRATIVEEXPENSES DUE TO HAIL DAMAGE CLAIMS BY DEFRAYING THE COST OF RETROFITTING RESIDENTIAL PROPERTY BY PROVIDING GRANTS FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS;
(B) A NALYZING DATA ON HAIL LOSSES IN THE HOMEOWNER S INSURANCE MARKET TO IDENTIFY THE AREAS OFTHE STATE TO TARGET FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS TO MAXIMIZE INSURER SAVINGS ;
(8) ANALYZING DATA ON HAIL LOSSES IN THE HOMEOWNER'S INSURANCE MARKETTO IDENTIFY THE AREAS OF THE STATE TO TARGET FOR THE INSTALLATION OF RESILIENT ROOF SYSTEMS TO MAXIMIZE INSURER SAVINGS;
(C) S ETTING STANDARDS FOR RESILIENT ROOF SYSTEMS THAT INSURERS MAY RELY UPON AND ENSURING THAT THERE IS A WORKFORCE TRAINED TO CERTIFY FOR INSURERS THAT ROOFS MEET THOSE STANDARDS ;
(C) SETTING STANDARDS FOR RESILIENT ROOF SYSTEMS THAT INSURERS MAY RELY UPON AND ENSURING THAT THERE IS A WORKFORCE TRAINED TO CERTIFY FOR INSURERS THAT ROOFS MEET THOSE STANDARDS;
(D) C REATING CODES OF CONDUCT FOR ROOFING CONTRACTORS TO ENSURE ROOFS ARE PROPERLY AND APPROPRIATELY INSTALLED ,WHICH BENEFITS INSURERS BY REDUCING THEIR CLAIMS LOSSES ;
(D) CREATING CODES OF CONDUCT FOR ROOFING CONTRACTORS TO ENSURE ROOFS ARE PROPERLY AND APPROPRIATELY INSTALLED, WHICH BENEFITS INSURERS BY REDUCING THEIR CLAIMS LOSSES;
(E) EVALUATING ROOFING PROTOCOLS TO ASCERTAIN IF THE PROTOCOLS MEET SIMILAR SCIENCE -BASED ,CERTIFIABLE STANDARDS ,AS THOSE OF THE INSURANCE INSTITUTE FOR BUSINESS AND HOME SAFETY S "FORTIFIED" PROGRAM ;
(E) EVALUATING ROOFING PROTOCOLS TO ASCERTAIN IF THE PROTOCOLS MEET SIMILAR SCIENCE-BASED, CERTIFIABLE STANDARDS, AS THOSE OF THE INSURANCE INSTITUTE FOR BUSINESS AND HOME SAFETY'S "FORTIFIED" PROGRAM;
(F) A WARDING GRANTS TO INDIVIDUALS TO DEFRAY THE COSTS OF TRAINING AND CERTIFICATION RELATING TO INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS AND TO DEVELOP THE WORKFORCE FOR INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS ;
(F) AWARDING GRANTS TO INDIVIDUALS TO DEFRAY THE COSTS OF TRAINING AND CERTIFICATION RELATING TO INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS AND TO DEVELOP THE WORKFORCE FOR INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS;
(G) R EDUCINGTHEFREQUENCYOFWINDANDHAILDAMAGECLAIMS ON INSURED RESIDENCES ;
(G) REDUCING THE FREQUENCY OF WIND AND HAIL DAMAGE CLAIMS ON INSURED RESIDENCES;
(H) IMPROVING INSURANCE MARKET STABILITY THROUGHOUT THE PAGE 6-SENATE BILL 26-155 STATE ;AND (I) C ONDUCTING A STUDY TO ANALYZE INSURANCE RISK IN HIGH-RISK WILDFIRE AREAS OF THE STATEWHICH ANALYSIS INCLUDES THE DEGREE OF MARKET COMPETITION AMONG INSURERS IN THOSE AREAS AND THEIMPACTOFAHIGHRISKPROGRAMONTHEPOTENTIALLOSSESINANDTHE AVAILABILITYOFHOMEOWNER SINSURANCE INHIGH -RISKWILDFIRE AREAS OF THE STATE.
(H) IMPROVING INSURANCE MARKET STABILITY THROUGHOUT THE PA G E 6-SENATE B ILL 26-155 STATE;
(b) THE ENTERPRISE IS AUTHORIZED TO ISSUE REVENUE BONDS .
AND (I) CONDUCTING A STUDY TO ANALYZE INSURANCE RISK IN HIGH-RISK WILDFIRE AREAS OF THE STATE, WHICH ANALYSIS INCLUDES THE DEGREE OF MARKET COMPETITION AMONG INSURERS IN THOSE AREAS AND THEIMPACTOFAHIGHRISKPROGRAMONTHEPOTENTIALLOSSESINANDTHE AVAILABILITY OF HOMEOWNER'S INSURANCE IN HIGH-RISK WILDFIRE AREAS OF THE STATE.
(c) THEENTERPRISECONSTITUTESANENTERPRISEFORPURPOSESOF SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION SO LONG AS IT RETAINS THE AUTHORITY TO ISSUE REVENUE BONDS AND RECEIVES LESS THAN TEN PERCENT OF ITS TOTAL REVENUES IN GRANTS FROM ALL COLORADO STATE AND LOCAL GOVERNMENTS COMBINED .
(b) THE ENTERPRISE IS AUTHORIZED TO ISSUE REVENUE BONDS.
SO LONG AS IT CONSTITUTES AN ENTERPRISE PURSUANT TO THIS SUBSECTION (1),THE ENTERPRISE IS NOT SUBJECT TO SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION .
(C) THE ENTERPRISECONSTITUTES AN ENTERPRISE FORPURPOSES OF SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION SO LONG AS IT RETAINS THE AUTHORITY TO ISSUE REVENUE BONDS AND RECEIVES LESS THAN TEN PERCENT OF ITS TOTAL REVENUES IN GRANTS FROM ALL COLORADO STATE AND LOCAL GOVERNMENTS COMBINED.
S o LONG AS IT CONSTITUTES AN ENTERPRISE PURSUANT TO THIS SUBSECTION ( 1), THE ENTERPRISE IS NOT SUBJECT TO SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION.
(a) THE ENTERPRISE IS GOVERNED BY THE ENTERPRISE BOARD .
(a) THE ENTERPRISE IS GOVERNED BY THE ENTERPRISE BOARD.
(b) THE BOARD CONSISTS OF THE FOLLOWING SEVEN VOTING MEMBERS :
(b) THE BOARD CONSISTS OF THE FOLLOWING SEVEN VOTING MEMBERS:
(I) THE COMMISSIONER OR THE COMMISSIONER S DESIGNEE ;AND (II) THE FOLLOWING SIX MEMBERS APPOINTED BY THE GOVERNOR AND CONFIRMED BY THE SENATE TO SERVE THREE -YEAR TERMS :
(I) THE COMMISSIONER OR THE COMMISSIONER'S DESIGNEE;
(A) T WO MEMBERS WHO REPRESENT INSURERS WITH EXPERTISE IN HOMEOWNER S INSURANCE ;
AND (II)THE FOLLOWING SIX MEMBERS APPOINTED BY THE GOVERNOR AND CONFIRMED BY THE SENATE TO SERVE THREE-YEAR TERMS:
(B) O NE MEMBER WHO IS A COUNTY COMMISSIONER OR A COUNTY EMPLOYEE WHO HAS EXPERTISE OR EXPERIENCE IN HOME HARDENING OR OTHER RISK MITIGATION ACTIVITIES;
(A) T w o MEMBERS WHO REPRESENT INSURERS WITH EXPERTISE IN HOMEOWNER'S INSURANCE;
(C) O NE MEMBER WHO REPRESENTS CONSUMERS ;
(B) ONE MEMBER WHO IS A COUNTY COMMISSIONER OR A COUNTY EMPLOYEE WHO HAS EXPERTISE OR EXPERIENCE IN HOME HARDENING OR OTHER RISK MITIGATION ACTIVITIES;
PAGE 7-SENATE BILL 26-155 (D) O NE MEMBER WITH EXPERTISE IN HOME HARDENING ,ROOFING CONSTRUCTION , OR MANUFACTURING RESILIENT ROOF SYSTEMS OR MATERIALS ;AND (E) O NE MEMBER WITH TECHNICAL EXPERTISE IN HOMEOWNER S INSURANCE ,SUCH AS EXPERTISE IN UNDERWRITING,ACTUARIAL ANALYSIS , OR CLAIMS HANDLING ,OR EXPERTISE IN HOME HARDENING.
(C) ONE MEMBER WHO REPRESENTS CONSUMERS;
(c) OFTHEFIRSTMEMBERSAPPOINTEDTOTHEBOARDPURSUANTTO SUBSECTION (2)(b)(IOFTHISSECTION ,THEGOVERNORSHALLSELECTTWO MEMBERS TO SERVE AN INITIAL TERM OF TWO YEARS.
PAGE 7-SENATE BILL 26-155 (D) ONE MEMBER WITH EXPERTISE IN HOME HARDENING, ROOFING CONSTRUCTION, OR MANUFACTURING RESILIENT ROOF SYSTEMS OR MATERIALS;
(d) (I) TE GOVERNOR SHALL MAKE THE INITIAL APPOINTMENTS TO THE BOARD NO LATER THAN ANUARY 1, 2027.
AND (E) ONE MEMBER WITH TECHNICAL EXPERTISE IN HOMEOWNER'S INSURANCE, SUCH AS EXPERTISE IN UNDERWRITING, ACTUARIAL ANALYSIS, OR CLAIMS HANDLING, OR EXPERTISE IN HOME HARDENING.
(II) SBSECTION (2)(cOFTHISSECTIONANDTHISSUBSECTION (2)(d) ARE REPEALED ,EFFECTIVEJULY 1, 2027.
(C) OF THE FIRST MEMBERS APPOINTED TO THE BOARD PURSUANTTO SUBSECTION (2)(b)(IIOFTHIS SECTION,THEGOVERNORSHALLSELECTTWO MEMBERS TO SERVE AN INITIAL TERM OF TWO YEARS.
(e) THE COMMISSIONER OR THE COMMISSIONER S DESIGNEE IS THE CHAIR OF THE BOARD.
(d) (ITHE GOVERNOR SHALL MAKE THE INITIAL APPOINTMENTS TO THE BOARD NO LATER THAN JANUARY 1, 2027.
(IISUBSECTION (2)C) OFTHIS SECTIONANDTHIS SUBSECTION (2)(d) ARE REPEALED, EFFECTIVE JULY 1, 2027.
(e)THE COMMISSIONER OR THE COMMISSIONER'S DESIGNEE IS THE CHAIR OF THE BOARD.
(g) EACH MEMBER OF THE BOARD SHALL DISCLOSE ANY ACTUAL OR POTENTIALCONFLICTOFINTEREST ,INCLUDINGANYFINANCIALINTERESTIN CONTRACTS ,GRANTS ,ORSTANDARDSCONSIDERED ,AWARDED ,ADOPTED ,OR RECOMMENDED BY THE BOARD .
(g) EACH MEMBER OF THE BOARD SHALL DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST, INCLUDING ANY FINANCIAL INTEREST IN CONTRACTS, GRANTS, ORSTANDARDSCONSIDERED, AWARDED, ADOPTED, OR RECOMMENDED BY THE BOARD.
(h) T HE ENTERPRISE BOARD IS SUBJECT TO THE OPEN MEETINGS PROVISIONS OF THE "COLORADO SUNSHINE ACT OF 1972" CONTAINED IN PART 4OFARTICLE 6 OFTITLE24.E XCEPT ASMAYOTHERWISEBEPROVIDED BY FEDERAL LAW OR STATE LAW ,THE RECORDS OF THE ENTERPRISE ARE PUBLIC RECORDS AS DEFINED IN SECTION24-72-202(6),AND ARE SUBJECT TO THE "COLORADO OPEN R ECORDS ACT "PART 2 OF ARTICLE72 OF TITLE 24.
(h) THE ENTERPRISE BOARD IS SUBJECT TO THE OPEN MEETINGS PROVISIONS OF THE "COLORADO SUNSHINE ACT OF 1972" CONTAINED IN PART 4 OF ARTICLE6 OFTITLE 24.EXCEPT AS MAY OTHERWISE BE PROVIDED BY FEDERAL LAW OR STATE LAW, THE RECORDS OF THE ENTERPRISE ARE PUBLIC RECORDS, AS DEFINED IN SECTION24-72-202 (6),AND ARE SUBJECT TO THE "COLORADO OPEN RECORDS ACT", PART 2 OF ARTICLE 72OF TITLE 24.
PAGE 8-SENATE BILL 26-155 (a) THE PRIMARY POWERS AND DUTIES OF THE ENTERPRISE,ACTING THROUGH THE BOARD ,ARE TO:
PA G E 8-SEN A TE BILL 26-155 (a) THE PRIMARY POWERS AND DUTIES OF THE ENTERPRISE, ACTING THROUGH THE BOARD, ARE TO:
(I) IPOSE AND COLLECT THE FEE PURSUANT TO SUBSECTION (4)OF THIS SECTION;
(I) IMPOSE AND COLLECT THE FEE PURSUANT TO SUBSECTION (4)OF THIS SECTION;
(III) IUE REVENUE BONDSFORTHE EXPENSESOFTHE ENTERPRISE , SECURED BY REVENUE OF THE ENTERPRISE ;
(III) ISSUE REVENUE BONDS FORTHE EXPENSES OF THE ENTERPRISE, SECURED BY REVENUE OF THE ENTERPRISE;
(IV) I NVEST THE REVENUE FROM THE ISSUANCE AND SALE OF REVENUE BONDS AND THE IMPOSITION AND COLLECTION OF THE FEE .
(IV) INVEST THE REVENUE FROM THE ISSUANCE AND SALE OF REVENUE BONDS AND THE IMPOSITION AND COLLECTION OF THE FEE.
N INVESTING THE REVENUE ,THE ENTERPRISE MAY :
IN INVESTING THE REVENUE, THE ENTERPRISE MAY:
(A) INVEST THE REVENUE WITHOUT REGARD TO THE LIMITATIONS SET FORTH IN SECTION24-36-103, 24-75-601.1OR 24-75-603;AND (B) E NTER INTO CONTRACTS WITH PRIVATE PROFESSIONAL FUND MANAGERS TO PROVIDE EXPERTISE ,TECHNICAL SUPPORT ,AND ADVICE ON INVESTMENTMARKETCONDITIONS .INSEEKINGBIDSFORSUCHCONTRACTS , THE ENTERPRISE SHALL EMPLOY STANDARD PUBLIC BIDDING PRACTICES , INCLUDING THE USE OF REQUESTS FOR INFORMATION ,REQUESTS FOR PROPOSALS ,OR ANY OTHER STANDARD VENDOR SELECTION PRACTICES DETERMINED BY THE ENTERPRISE TO BE BEST SUITED TO SELECTING AN APPROPRIATE PRIVATE PROFESSIONAL FUND MANAGER .
(A) INVEST THE REVENUE WITHOUT REGARD TO THE LIMITATIONS SET FORTH IN SECTION24-36-103, 24-75-601.1OR 24-75-603;
(V) P AY THE ADMINISTRATIVE EXPENSES OF THE ENTERPRISE;
AND (8) ENTER INTO CONTRACTS WITH PRIVATE PROFESSIONAL FUND MANAGERS TO PROVIDE EXPERTISE, TECHNICAL SUPPORT, AND ADVICE ON INVESTMENTMARKETCONDITIONS.
(VI) ENGAGE THE SERVICES OF PUBLIC OR PRIVATE ENTITIES , CONTRACTORS ,OR CONSULTANTS FOR PROFESSIONAL AND TECHNICAL ASSISTANCE AND TO PROVIDE ADVICE AND OTHER SERVICES RELATED TO CONDUCTING THE AFFAIRS OF THE ENTERPRISE ,WITHOUT REGARD TO THE "PROCUREMENT CODE "ARTICLES 101 TO112 OFTITLE 24.INCONDUCTING ITS AFFAIRSTHE ENTERPRISE SHALL :
IN SEEKING BIDS FORSUCH CONTRACTS, THE ENTERPRISE SHALL EMPLOY STANDARD PUBLIC BIDDING PRACTICES, INCLUDING THE USE OF REQUESTS FOR INFORMATION, REQUESTS FOR PROPOSALS, OR ANY OTHER STANDARD VENDOR SELECTION PRACTICES DETERMINED BY THE ENTERPRISE TO BE BEST SUITED TO SELECTING AN APPROPRIATE PRIVATE PROFESSIONAL FUND MANAGER.
(A) ENGAGETHEATTORNEYGENERAL SOFFICEFORLEGALSERVICES ;
(V) PAY THE ADMINISTRATIVE EXPENSES OF THE ENTERPRISE;
AND PAGE 9-SENATE BILL 26-155 (B) ENTERINTOACONTRACT ORCONTRACTSWITHTHE DIVISION AT FAIRMARKETRATESFOROFFICESPACEANDADMINISTRATIVESTAFFFORTHE ENTERPRISE ;
(VI) ENGAGE THE SERVICES OF PUBLIC OR PRIVATE ENTITIES, CONTRACTORS, OR CONSULTANTS FOR PROFESSIONAL AND TECHNICAL ASSISTANCE AND TO PROVIDE ADVICE AND OTHER SERVICES RELATED TO CONDUCTING THE AFFAIRS OF THE ENTERPRISE, WITHOUT REGARD TO THE "PROCUREMENT CODE", ARTICLES 101TO 112OF TITLE24.IN CONDUCTING ITS AFFAIRS, THE ENTERPRISE SHALL:
(VII) P REPARE AND SUBMIT AN ANNUAL FINANCIAL REPORT PURSUANT TO SUBSECTION (7) OF THIS SECTION CONCERNING THE ADMINISTRATION OF THE ENTERPRISE AND THE GRANT PROGRAM AND POST THE REPORT ON THE ENTERPRISE S PUBLICFACING WEBSITE ;AND (VIII) EXERCISE ALL RIGHTS AND POWERS NECESSARY OR INCIDENTAL TO OR IMPLIED FROM THE SPECIFIC POWERS AND DUTIES GRANTED IN THIS PART 20.
(A) ENGAGETHEATTORNEYGENERAL'SOFFICEFORLEGALSERVICES;
(b) T HE ENTERPRISE ,ACTING THROUGH THE BOARD , MAY SEEK , ACCEPT ,AND EXPEND GRANTS OR OTHER MONEY FROM THE FEDERAL GOVERNMENTANDGIFTS GRANTS ORDONATIONSFROMOTHERPUBLICAND PRIVATE SOURCES TO SUPPORT AND ENHANCE ENTERPRISE ACTIVITIES ;
AND PA G E 9-SENATE BILL 26-155 (B) ENTER INTO A CONTRACT OR CONTRACTS WITH THE DIVISION AT FAIRMARKET RATES FOROFFICESPACEANDADMINISTRATIVESTAFFFORTHE ENTERPRISE;
EXCEPTTHATTHEENTERPRISESHALLNOTACCEPTGRANTSFROMTHESTATE OR FROM LOCAL GOVERNMENTS UNLESS THE COMBINED TOTAL OF ALL GRANTS FROM SUCH SOURCES IS UNDER TEN PERCENT OF THE ENTERPRISE S ANNUAL REVENUE .
(VII) PREPARE AND SUBMIT AN ANNUAL FINANCIAL REPORT PURSUANT TO SUBSECTION (7) OF THIS SECTION CONCERNING THE ADMINISTRATION OF THE ENTERPRISE AND THE GRANT PROGRAM AND POST THE REPORT ON THE ENTERPRISE'S PUBLIC-FACING WEBSITE;
AND (VIII) EXERCISE ALL RIGHTS AND POWERS NECESSARY OR INCIDENTAL TO OR IMPLIED FROM THE SPECIFIC POWERS AND DUTIES GRANTED IN THIS PART 20.
(b) THE ENTERPRISE, ACTING THROUGH THE BOARD, MAY SEEK, ACCEPT, AND EXPEND GRANTS OR OTHER MONEY FROM THE FEDERAL GOVERNMENTAND GIFTS, GRANTS, ORDONATIONS FROMOTHERPUBLIC AND PRIVATE SOURCES TO SUPPORT AND ENHANCE ENTERPRISE ACTIVITIES;
EXCEPTTHATTHE ENTERPRISE SHALLNOTACCEPTGRANTS FROM THE STATE OR FROM LOCAL GOVERNMENTS UNLESS THE COMBINED TOTAL OF ALL GRANTS FROM SUCH SOURCES IS UNDER TEN PERCENT OF THE ENTERPRISE'S ANNUAL REVENUE.
(a) BEGINNINGINTHE 2027 CALENDARYEAR ,ONORBEFOREADATE DETERMINEDBYTHE ENTERPRISE BOARD ANDANNUALLYEACHCALENDAR YEAR THEREAFTER ON OR BEFORE THE SAME DATE ,THE ENTERPRISE BOARD SHALLIMPOSE ANDCOLLECT AFEE ONEACHINSURERINANAMOUNTEQUAL TO ONE-HALF OF ONE PERCENT OF THE TOTAL PREMIUM COLLECTED BY THE INSURERONMULTIPERILHOMEOWNER 'SINSURANCEPOLICIESISSUEDINTHE STATE IN THE IMMEDIATELY PRECEDING CALENDAR YEAR .
(a) BEGINNING IN THE2027 CALENDAR YEAR, ON OR BEFORE A DATE DETERMINED BY THE ENTERPRISE BOARD, AND ANNUALLY EACH CALENDAR YEAR THEREAFTER ON OR BEFORE THE SAME DATE, THE ENTERPRISE BOARD SHALL IMPOSE AND COLLECTA FEE ON EACH INSURER IN AN AMOUNT EQUAL TO ONE-HALF OF ONE PERCENT OF THE TOTAL PREMIUM COLLECTED BY THE INSURERON MULTIPERIL HOMEOWNER'S INSURANCE POLICIES ISSUED IN THE STATE IN THE IMMEDIATELY PRECEDING CALENDAR YEAR.
(b) E ACH INSURER SHALL PAY THE FEE TO THE ENTERPRISE AND SHALL NOT SURCHARGE THE FEE AMOUNT TO POLICYHOLDERS .
(b) EACH INSURER SHALL PAY THE FEE TO THE ENTERPRISE AND SHALL NOT SURCHARGE THE FEE AMOUNT TO POLICYHOLDERS.
(c) THE STATE TREASURER SHALL CREDIT THE FEES COLLECTED TO THE FUND .
(c) THE STATE TREASURER SHALL CREDIT THE FEES COLLECTED TO THE FUND.
AFEE COLLECTED BY THE ENTERPRISE IS EXCLUDED FROM THE STATE S FISCAL YEAR SPENDING.
A FEE COLLECTED BY THE ENTERPRISE IS EXCLUDED FROM THE STATE'S FISCAL YEAR SPENDING.
(d) N OTWITHSTANDING SUBSECTION (4)(a)OF THIS SECTION,THE PAGE 10-SENATE BILL 26-155 ENTERPRISE MAY LOWER THE FEE OR CEASE COLLECTING THE FEE IN ANY CALENDAR YEAR TO ENSURE THAT THE TOTAL AMOUNT OF FEE REVENUE DOES NOT EXCEED ONE HUNDRED MILLION DOLLARS OVER THE FIRST FIVE FISCAL YEARS OF THE ENTERPRISE'S EXISTENCE.
(d) NOTWITHSTANDING SUBSECTION (4)(a)OF THIS SECTION, THE PA G E IO-SENATE B ILL 26-155 ENTERPRISE MAY LOWER THE FEE OR CEASE COLLECTING THE FEE IN ANY CALENDAR YEAR TO ENSURE THAT THE TOTAL AMOUNT OF FEE REVENUE DOES NOT EXCEED ONE HUNDRED MILLION DOLLARS OVER THE FIRST FIVE FISCAL YEARS OF THE ENTERPRISE'S EXISTENCE.
(e) THEBOARDMAYREQUESTINFORMATIONFROMINSURERSABOUT POLICIES AND CONTRACTS ONLY TO THE EXTENT THE INFORMATION IS REASONABLY NECESSARY TO ADMINISTER THE GRANT PROGRAM , IMPOSE AND COLLECT THE FEE ,OR IMPLEMENT OTHER REQUIREMENTS IN THIS PART 20.
(e) THE BOARD MAY REQUEST INFORMATION FROM INSURERS ABOUT POLICIES AND CONTRACTS ONLY TO THE EXTENT THE INFORMATION IS REASONABLY NECESSARY TO ADMINISTER THE GRANT PROGRAM, IMPOSE AND COLLECT THE FEE, OR IMPLEMENT OTHER REQUIREMENTS IN THIS PART 20.
INSURER DATA REQUESTS SHALL BE COORDINATED THROUGH THE DIVISION AND,TO THE EXTENT PRACTICABLE ,BE LIMITED TO INFORMATION ALREADY COLLECTED BY THE DIVISION OR AVAILABLE THROUGH EXISTING REGULATORY REPORTING .
INSURER DATA REQUESTS SHALL BE COORDINATED THROUGH THE DIVISION AND, TO THE EXTENT PRACTICABLE, BE LIMITED TO INFORMATION ALREADY COLLECTED BY THE DIVISION OR AVAILABLE THROUGH EXISTING REGULATORY REPORTING.
(f) T HE BOARD SHALL ADOPT ANY RULES NECESSARY FOR THE IMPOSITION AND COLLECTION OF THE FEE .
(f) THE BOARD SHALL ADOPT ANY RULES NECESSARY FOR THE IMPOSITION AND COLLECTION OF THE FEE.
(a) THE STRENGTHEN COLORADO HOMES ENTERPRISE FUND IS CREATED IN THE STATE TREASURY .
(a) THE STRENGTHEN COLORADO HOMES ENTERPRISE FUND IS CREATED IN THE STATE TREASURY.
(b) THE FUND CONSISTS OF :
(b) THE FUND CONSISTS OF:
(I) FEESIMPOSEDANDCOLLECTEDPURSUANTTOSUBSECTION (4)OF THIS SECTION;
(I)FEES IMPOSED AND COLLECTED PURSUANTTO SUBSECTION ( 4) OF THIS SECTION;
(II) G RANTS OR OTHER MONEY RECEIVED FROM THE FEDERAL GOVERNMENT OR GIFTS ,GRANTS ,AND DONATIONS RECEIVED FROM PUBLIC OR PRIVATE SOURCES TO SUPPORT OR ENHANCE ENTERPRISE ACTIVITIES ;
(II) GRANTS OR OTHER MONEY RECEIVED FROM THE FEDERAL GOVERNMENT OR GIFTS, GRANTS, AND DONATIONS RECEIVED FROM PUBLIC OR PRIVATE SOURCES TO SUPPORT OR ENHANCE ENTERPRISE ACTIVITIES;
(III) ANY MONEY FROM REVENUE BONDS ISSUED PURSUANT TO SUBSECTION (3)(a)(IIOF THIS SECTION;AND (IV) A NYMONEYTHATTHEGENERALASSEMBLYMAYAPPROPRIATE OR TRANSFER TO THE FUND .
(Ill) ANY MONEY FROM REVENUE BONDS ISSUED PURSUANT TO SUBSECTION (3)(a)(III) OF THIS SECTION;
(c) M ONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE ENTERPRISE FOR THE PURPOSES SET FORTHINTHISPART 20 ANDTOPAYTHE ENTERPRISE S REASONABLE AND NECESSARY ADMINISTRATIVE AND PAGE 11-SENATE BILL 26-155 OPERATING EXPENSES .
AND (IV) ANY MONEY THATTHEGENERAL ASSEMBLY MAY APPROPRIATE OR TRANSFER TO THE FUND.
(d) THESTATETREASURERSHALLCREDITALLINTERESTANDINCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE FUND TO THE FUND .
(c) MONEY IN THE FUND IS CONTINUOUSLY APPROPRIATED TO THE ENTERPRISE FORTHE PURPOSES SET FORTH IN THIS PART20 AND TO PAY THE ENTERPRISE'S REASONABLE AND NECESSARY ADMINISTRATIVE AND PAGE 11-SENATE BILL 26-155 OPERATING EXPENSES.
(6) Rules.THEENTERPRISEBOARDMAYADOPT ,AMEND ,ORREPEAL RULES OR POLICIES THAT ARE REASONABLE AND NECESSARY FOR THE REGULATION OF THE ENTERPRISE S AFFAIRS AND THE CONDUCT OF THE ENTERPRISE'SBUSINESSCONSISTENTWITHTHISPART 20,INCLUDINGGRANT PROGRAM RULES SPECIFIED IN SECTION10-4-2004 (7).
(d)THE STATETREASURERSHALLCREDITALL INTERESTAND INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE FUND TO THE FUND.
(6) Rules.THE ENTERPRISE BOARD MAY ADOPT, AMEND, OR REPEAL RULES OR POLICIES THAT ARE REASONABLE AND NECESSARY FOR THE REGULATION OF THE ENTERPRISE'S AFFAIRS AND THE CONDUCT OF THE ENTERPRISE'S BUSINESS CONSISTENT WITH THIS PART20, INCLUDING GRANT PROGRAM RULES SPECIFIED IN SECTION 10-4-2004 (7).
(a) N OTWITHSTANDING SECTION 24-1-136 (11)(a)(I)BEGINNING JULY 1, 2028,AND EACH ULY 1 THEREAFTER ,THE ENTERPRISE SHALL SUBMIT A REPORT TO THE COMMITTEES OF REFERENCE OF THE GENERAL ASSEMBLYTOWHICHTHEDEPARTMENTISASSIGNEDPURSUANTTOSECTION 2-7-203CONCERNING THE IMPLEMENTATION AND ADMINISTRATION OF THE ENTERPRISE AND THE GRANT PROGRAM .
(a) NOTWITHSTANDING SECTION 24-1-136 (1 l)(a)(IBEGINNING JULY l,2028, AND EACH JULY 1 THEREAFTER, THE ENTERPRISE SHALL SUBMIT A REPORT TO THE COMMITTEES OF REFERENCE OF THE GENERAL ASSEMBLY TO WHICH THE DEPARTMENT IS ASSIGNED PURSUANTTO SECTION 2-7-203 CONCERNING THE IMPLEMENTATION AND ADMINISTRATION OF THE ENTERPRISE AND THE GRANT PROGRAM.
(b) THE ANNUAL REPORT MUST INCLUDE :
(b) THE ANNUAL REPORT MUST INCLUDE:
(I) THE AMOUNT OF FEES COLLECTED FROM INSURERS AND THE UNOBLIGATED BALANCE OF THE FUND ;
(I) THE AMOUNT OF FEES COLLECTED FROM INSURERS AND THE UNOBLIGATED BALANCE OF THE FUND;
(II) THE NUMBER OF GRANT PROGRAM APPLICATIONS AND THE AMOUNT OF GRANTS AWARDED ;
(II) THE NUMBER OF GRANT PROGRAM APPLICATIONS AND THE AMOUNT OF GRANTS AWARDED;
(III) TE AREASOFTHE STATE WHERE GRANTPROGRAMRECIPIENTS RESIDE;
(Ill)THE AREAS OFTHE STATE WHERE GRANT PROGRAM RECIPIENTS RESIDE;
(IV) IF THE BOARD AWARDS GRANTS FOR WORKFORCE TRAINING , INFORMATIONABOUTTHESTRUCTUREOFTHETRAININGPROGRAMSANDTHE NUMBER OF CONTRACTORS TRAINED ;AND (V) A NY OTHER INFORMATION RELEVANT TO THE SUCCESS OF THE ENTERPRISE AND THE GRANT PROGRAM .
(IV) IF THE BOARD AWARDS GRANTS FOR WORKFORCE TRAINING, INFORMATIONABOUTTHESTRUCTUREOFTHETRAINING PROGRAMS ANDTHE NUMBER OF CONTRACTORS TRAINED;
AND (V) ANY OTHER INFORMATION RELEVANT TO THE SUCCESS OF THE ENTERPRISE AND THE GRANT PROGRAM.
Strengthen Colorado homes enterprise grant PAGE 12-SENATE BILL 26-155 program - application - eligibility criteria - award of grants - rules.
Strengthen Colorado homes enterprise grant PA G E 12-SENATE BILL 26-155 program - application - eligibility criteria - award of grants - rules.
(1) THERE IS CREATED IN THE ENTERPRISE THE STRENGTHEN COLORADO HOMES ENTERPRISE GRANT PROGRAM TO PROVIDE GRANTS TO COLORADOHOMEOWNERSTORETROFITRESIDENTIALPROPERTYTOREDUCE INSURER LOSSES DUE TO COMMON PERILS , INCLUDING HAIL AND WINDSTORMS .
(1) THERE IS CREATED IN THE ENTERPRISE THE STRENGTHEN COLORADO HOMES ENTERPRISE GRANT PROGRAM TO PROVIDE GRANTS TO COLORADOHOMEOWNERSTO RETROFIT RESIDENTIAL PROPERTYTO REDUCE INSURER LOSSES DUE TO COMMON PERILS, INCLUDING HAIL AND WINDSTORMS.
(2) (a) SBJECT TO AVAILABLE REVENUE IN THE FUND ,THE BOARD SHALL AWARD GRANTS ,IN ACCORDANCE WITH THIS SECTION ,FROM THE FUND .
(2) (a)SUBJECT TO AVAILABLE REVENUE IN THE FUND, THE BOARD SHALL AWARD GRANTS, IN ACCORDANCE WITH THIS SECTION, FROM THE FUND.
HE BOARD MAY ESTABLISH PROCEDURES AND CRITERIA FOR THE AWARDOFGRANTSIFTHEREISINSUFFICIENTMONEYINTHEFUNDTOAWARD GRANTS TO ALL ELIGIBLE HOMEOWNER APPLICANTS .
THE BOARD MAY ESTABLISH PROCEDURES AND CRITERIA FOR THE AWARD OFGRANTS IFTHEREIS INSUFFICIENTMONEY INTHE FUNDTO AWARD GRANTS TO ALL ELIGIBLE HOMEOWNER APPLICANTS.
(b) THE BOARD MAY CONTRACT WITH A THIRD PARTY VENDOR TO ADMINISTER THE GRANT PROGRAM .
(b) THE BOARD MAY CONTRACT WITH A THIRD-PARTY VENDOR TO ADMINISTER THE GRANT PROGRAM.
(3) IADDITIONTOANYGRANTPROGRAMCRITERIAESTABLISHEDBY THE BOARD BY RULE ,A HOMEOWNER AWARDED A GRANT SHALL , AS APPLICABLE :
(3) IN ADDITIONTOANY GRANTPROGRAMCRITERIAESTABLISHED BY THE BOARD BY RULE, A HOMEOWNER AWARDED A GRANT SHALL, AS APPLICABLE:
(a) HAVE AN INSURABLE RESIDENTIAL PROPERTY LOCATED IN COLORADO THAT IS COVERED BY A HOMEOWNER 'S INSURANCE POLICY;
(a) HAVE AN INSURABLE RESIDENTIAL PROPERTY LOCATED IN COLORADO THAT IS COVERED BY A HOMEOWNER'S INSURANCE POLICY;
(b) OBTAIN ALL PERMITS REQUIRED BY LAW FOR INSTALLATION OR RETROFITTING ;
(b) OBTAIN ALL PERMITS REQUIRED BY LAW FOR INSTALLATION OR RETROFITTING;
(c) COMPLY WITH ALL APPLICABLE BUILDING CODES ;
(C) COMPLY WITH ALL APPLICABLE BUILDING CODES;
(d) ARRANGEANDPAYFORINSPECTIONSREQUIREDBYLAWANDTHE TERMS OF THE GRANT PROGRAM ;
(d) ARRANGEAND PAY FORINSPECTIONS REQUIRED BYLAWANDTHE TERMSOFTHEGRANTPROGRAM;
(e) C ONSTRUCT A ROOF THAT MEETS RESILIENT ROOF SYSTEM STANDARDS ;AND (f) SELECT A CONTRACTOR LICENSED IN THE STATE THAT:
(e) CONSTRUCT A ROOF THAT MEETS RESILIENT ROOF SYSTEM STANDARDS;
(I) I A MEMBER OF A PROFESSIONALASSOCIATION THAT PROMOTES BEST PRACTICES AND ETHICAL BEHAVIORS IN THE ROOFING INDUSTRY;
AND (f) SELECT A CONTRACTOR LICENSED IN THE STATE THAT:
PAGE 13-SENATE BILL 26-155 (II) TTESTSTHATTHECONTRACTORDOESNOTWAIVEDEDUCTIBLES ANDAGREESTOREPAIR ,RATHERTHANREPLACE ,ROOFSWHENAPPROPRIATE IN ACCORDANCE WITH RULES ADOPTED BY THE BOARD ;AND (III) MEETS ANY OTHER CRITERIA ESTABLISHED BY THE BOARD.
(I)IS A MEMBER OF A PROFESSIONAL ASSOCIATION THAT PROMOTES BEST PRACTICES AND ETHICAL BEHAVIORS IN THE ROOFING INDUSTRY;
(4) A CONTRACTOR THAT IS AWARDED BIDS AND RECEIVES GRANT MONEY FROM THE GRANT PROGRAM IS PROHIBITED FROM WAIVING HOMEOWNER 'S INSURANCE DEDUCTIBLES.
PA G E 13-SENATE BILL 26-155 (II) TIESTSTHATTHECONTRACTORDOES NOT WAIVEDEDUCTIBLES AND AGREESTO REPAIR, RATHERTHAN REPLACE, ROOFS WHEN APPROPRIATE IN ACCORDANCE WITH RULES ADOPTED BY THE BOARD;
(5) THE BOARD MAY PERFORM AUDITS TO VERIFY :
AND (Ill)MEETS ANY OTHER CRITERIA ESTABLISHED BY THE BOARD.
(a) T HE ACCURACY OF THE INFORMATION INCLUDED IN AN APPLICATION;AND (b) THAT THE APPLICANT MEETS ALL ELIGIBILITY CRITER.A (6) A HOMEOWNER SHALL NOT USE MONEY THAT IS AWARDED AS A GRANT TO PAY FOR GENERAL ROOF MAINTENANCE OR REPAIR BUT MAY USE GRANT PROGRAM MONEY IN CONJUNCTION WITH REPAIRS OR RECONSTRUCTION NECESSITATED BY DAMAGE FROM WIND OR HAIL OR FOR PROACTIVE RETROFITTING NECESSITATED BY OR DESIGNED TO PREVENT SUCH DAMAGE ,CONSISTENT WITH STANDARDS ADOPTED BY THE BOARD PURSUANT TO SUBSECTION (7)OF THIS SECTIO.
(4) A CONTRACTOR THAT IS AWARDED BIDS AND RECEIVES GRANT MONEY FROM THE GRANT PROGRAM IS PROHIBITED FROM WAIVING HOMEOWNER'S INSURANCE DEDUCTIBLES.
(7) (a) TE BOARD SHALL ADOPT RULES FOR THE ADMINISTRATION AND IMPLEMENTATION OF THE GRANT PROGRAM , INCLUDING THE STANDARDS FOR A RESILIENT ROOF SYSTEM , THE CRITERIA USED TO DETERMINE WHETHER AN APPLICANT IS ELIGIBLE FOR A GRANT UNDER THIS SECTION, AND THE AMOUNT AND TIMING OF THE GRANT AWARD .
(5) THE BOARD MAY PERFORM AUDITS TO VERIFY:
N AWARDING GRANTS ,THE BOARD SHALL PRIORITIZE HOMES THAT ARE AN APPLICANT S PRIMARY RESIDENCE .
(a) THE ACCURACY OF THE INFORMATION INCLUDED IN AN APPLICATION;
IN ESTABLISHING ELIGIBILITY REQUIREMENTS FOR THE GRANTS ,THE BOARD SHALL CONSIDER APPLICANT INCOME ;WHETHER AN APPLICANT LIVES IN A LOCATION THAT ,BASED ON HISTORICAL DATA ,HAS A HIGHER SUSCEPTIBILITY TO EXTREME WEATHER EVENTS ;THEAGEOFTHEROOF ;THESIZEOFTHEHOME ;WHETHERTHEHOME IS LOCATED IN A LOCALITY WITH HAIL -RESISTANT BUILDING CODE REQUIREMENTS ;
AND (b) THAT THE APPLICANT MEETS ALL ELIGIBILITY CRITERIA.
THE NUMBER OF APPLICANTS FOR THE GRANT PROGRAM ;
(6) A HOMEOWNER SHALL NOT USE MONEY THAT IS AWARDED AS A GRANT TO PAY FOR GENERAL ROOF MAINTENANCE OR REPAIR BUT MAY USE GRANT PROGRAM MONEY IN CONJUNCTION WITH REPAIRS OR RECONSTRUCTION NECESSITATED BY DAMAGE FROM WIND OR HAIL OR FOR PROACTIVE RETROFITTING NECESSITATED BY OR DESIGNED TO PREVENT SUCH DAMAGE, CONSISTENT WITH STANDARDS ADOPTED BY THE BOARD PURSUANT TO SUBSECTION (7)OF THIS SECTION.
ANDANYOTHERCRITERIATHEBOARDDETERMINESISAPPROPRIATETOMEET THEPURPOSEOFTHEENTERPRISEANDTHEMONEYAVAILABLEFORGRANTS .
(7) (a)THE BOARD SHALL ADOPT RULES FOR THE ADMINISTRATION AND IMPLEMENTATION OF THE GRANT PROGRAM, INCLUDING THE STANDARDS FOR A RESILIENT ROOF SYSTEM, THE CRITERIA USED TO DETERMINE WHETHER AN APPLICANT IS ELIGIBLE FOR A GRANT UNDER THIS SECTION, AND THE AMOUNT AND TIMING OF THE GRANT AWARD.
PAGE 14-SENATE BILL 26-155 (b) IN ESTABLISHING RESILIENT ROOF SYSTEM STANDARDS , THE BOARD MAY PRIORITIZE THE USE OF MATERIALS THAT ARE IMPACT-RESISTANTANDPROVENTOOFFERSUPERIORPROTECTIONSAGAINST EXTREME WEATHER EVENTS AND MAY INCENTIVIZE MATERIALS WITH REDUCED ENVIRONMENTAL IMPACTS .
IN AWARDING GRANTS, THE BOARD SHALL PRIORITIZE HOMES THAT ARE AN APPLICANT'S PRIMARY RESIDENCE.
(c) THE BOARD MAY ALSO ESTABLISH STANDARDS FOR CONTRACTOR -SPECIALIZED TRAINING IN THE INSTALLATION OF IMPACT-RESISTANT ROOFING SYSTEMS.
IN ESTABLISHING ELIGIBILITY REQUIREMENTS FOR THE GRANTS, THE BOARD SHALL CONSIDER APPLICANT INCOME;
(8) I ORDER TO DEVELOP THE NECESSARY WORKFORCE FOR INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS THE BOARD MAY ALSOAWARDGRANTSTODEFRAYTHECOSTSTOINDIVIDUALSFORTRAINING AND CERTIFICATION RELATED TO INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS ;EXCEPT THAT BOARD RULES MUST REQUIRE THAT AT LEAST EIGHTY-FIVE PERCENT OF FEE REVENUE IS ALLOCATED TO GRANTS TO COLORADOHOMEOWNERSTORETROFITRESIDENTIALPROPERTYTOREDUCE INSURER LOSSES DUE TO HAIL AND WINDSTORMS.
WHETHER AN APPLICANT LIVES IN A LOCATION THAT, BASED ON HISTORICAL DATA, HAS A HIGHER SUSCEPTIBILITY TO EXTREME WEATHER EVENTS;
(9) NOTHING IN THIS SECTION CREATE:
THEAGE OFTHE ROOF;
(a) A N ENTITLEMENT FOR A HOMEOWNER TO RECEIVE GRANT PROGRAM MONEY TO INSPECT OR RETROFIT RESIDENTIAL PROPERTY;OR (b) A N OBLIGATION FOR THE STATE TO APPROPRIATE MONEY TO INSPECT OR RETROFIT RESIDENTIAL PROPERTY 10-4-2005.
THE SIZEOFTHE HOME;
Study regarding insurance risk in high-risk wildfire areas of the state - repeal.
WHETHERTHE HOME IS LOCATED IN A LOCALITY WITH HAIL-RESISTANT BUILDING CODE REQUIREMENTS;
(1) THE BOARD SHALL CONDUCT OR CAUSE TO BE CONDUCTED A STUDY TO ANALYZE :
THE NUMBER OF APPLICANTS FOR THE GRANT PROGRAM;
(a) THE INSURANCE RISK IN HIGH-RISK WILDFIRE AREAS OF THE STATE,INCLUDING AN ANALYSIS OF THE DEGREE OF MARKET COMPETITION AMONG INSURERS IN THOSE AREAS;AND (b) HEIMPACTOFAHIGHRISKPROGRAMONTHEPOTENTIALLOSSES INTHEHIGH -RISKWILDFIREAREASOFTHESTATEANDONTHEAVAILABILITY OF HOMEOWNER S INSURANCE IN THOSE AREA.
ANDANY OTHERCRITERIATHE BOARD DETERMINES ISAPPROPRIATETO MEET THE PURPOSEOFTHE ENTERPRISE AND THE MONEY AVAILABLE FORGRANTS.
PAGE 15-SENATE BILL 26-155 (2) T HE STUDY SHALL EVALUATE AND MAKE RECOMMENDATIONS REGARDING THE STRUCTURE OF A HIGH RISK PROGRAM , APPROPRIATE ATTACHMENT POINTS AND CAPS ,AND WAYS TO AVOID COMPETITION WITH THE PRIVATE INSURANCE MARKET .
PAGE 14-SENATE BILL 26-155 (b) IN ESTABLISHING RESILIENT ROOF SYSTEM STANDARDS, THE BOARD MAY PRIORITIZE THE USE OF MATERIALS THAT ARE IMPACT-RESISTANTAND PROVENTOOFFERSUPERIORPROTECTIONSAGAINST EXTREME WEATHER EVENTS AND MAY INCENTIVIZE MATERIALS WITH REDUCED ENVIRONMENTAL IMPACTS.
THE STUDY MAY EXPLORE POTENTIAL FUNDING MECHANISMS FOR THE PROGRAM .
(c) THE BOARD MAY ALSO ESTABLISH STANDARDS FOR CONTRACTOR-SPECIALIZED TRAINING IN THE INSTALLATION OF IMPACT-RESISTANT ROOFING SYSTEMS.
(3) THE BOARD MAY CONTRACT WITH A THIRD PARTY TO CONDUCT ALL OR PART OF THE STUDY .
(8) IN ORDER TO DEVELOP THE NECESSARY WORKFORCE FOR INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS, THE BOARD MAY ALSO AWARD GRANTS TO DEFRAYTHE COSTS TO INDIVIDUALS FORTRAINING AND CERTIFICATION RELATED TO INSTALLING AND CERTIFYING RESILIENT ROOF SYSTEMS;
HE BOARD ,OR A THIRD PARTY THE BOARD ENTERS INTO A CONTRACT WITH TO CONDUCT THE STUDY ,SHALL ENGAGE WITH RELEVANT STAKEHOLDERS IN CONDUCTING THE STUDY .
EXCEPTTHAT BOARD RULES MUST REQUIRE THAT AT LEAST EIGHTY-FIVE PERCENT OF FEE REVENUE IS ALLOCATED TO GRANTS TO COLORADOHOMEOWNERSTO RETROFIT RESIDENTIAL PROPERTYTO REDUCE INSURER LOSSES DUE TO HAIL AND WINDSTORMS.
ELEVANT STAKEHOLDERS MUST INCLUDE ,AT A MINIMUM :
(9) NOTHING IN THIS SECTION CREATES:
(a) REPRESENTATIVES OF REINSURERS ;
(a) AN ENTITLEMENT FOR A HOMEOWNER TO RECEIVE GRANT PROGRAM MONEY TO INSPECT OR RETROFIT RESIDENTIAL PROPERTY;
(b) REPRESENTATIVES OF INSURERS WRITING HOMEOWNER S INSURANCE CONTRACTS OR POLICIES IN COLORADO ;
OR (b) AN OBLIGATION FOR THE STATE TO APPROPRIATE MONEY TO INSPECT OR RETROFIT RESIDENTIAL PROPERTY.
(c) REPRESENTATIVES OF REINSURANCE BROKERS ;
10-4-2005.
(d) INDIVIDUALS WITH EXPERTISE IN COMPLEX FINANCIAL INSTRUMENTS AND DEBT INSTRUMENTS ;AND (e) C ONSUMERS OR INDIVIDUALS WITH EXPERIENCE IN WILDFIRE MITIGATION .
Study regarding insurance risk in high-riskwildfire areas of the state - repeal.
(4) THE BOARD SHALL SUBMIT THE STUDY REQUIRED BY SUBSECTIONS (1) AND (2) OF THIS SECTION TO THE HOUSE OF REPRESENTATIVES TRANSPORTATION ,HOUSING ,AND LOCAL GOVERNMENT COMMITTEE AND THE SENATE LOCAL GOVERNMENT AND HOUSING COMMITTEE ,OR THEIR SUCCESSOR COMMITTEES ,AND SHALL PUBLISH THE STUDY ON THE DIVISIONS WEBSITE .
(1) THE BOARD SHALL CONDUCT OR CAUSE TO BE CONDUCTED A STUDY TO ANALYZE:
(5) THIS SECTION IS REPEALED,EFFECTIVEJULY 1, 2031.
(a) THE INSURANCE RISK IN HIGH-RISK WILDFIRE AREAS OF THE STATE, INCLUDING AN ANALYSIS OF THE DEGREE OF MARKET COMPETITION AMONG INSURERS IN THOSE AREAS;
AND (b)THE IMPACTOFA HIGH RISK PROGRAM ONTHE POTENTIAL LOSSES IN THE HIGH-RISK WILDFIRE AREAS OFTHE STATEAND ONTHE AVAILABILITY OF HOMEOWNER'S INSURANCE IN THOSE AREAS.
PAGE 15-SENATE BILL 26-155 (2) THE STUDY SHALL EVALUATE AND MAKE RECOMMENDATIONS REGARDING THE STRUCTURE OF A HIGH RISK PROGRAM, APPROPRIATE ATTACHMENT POINTS AND CAPS, AND WAYS TO AVOID COMPETITION WITH THE PRIVATE INSURANCE MARKET.
THE STUDY MAY EXPLORE POTENTIAL FUNDING MECHANISMS FOR THE PROGRAM.
(3) THE BOARD MAY CONTRACT WITH A THIRD PARTY TO CONDUCT ALL OR PART OF THE STUDY.
THE BOARD, OR A THIRD PARTY THE BOARD ENTERS INTO A CONTRACT WITH TO CONDUCT THE STUDY, SHALL ENGAGE WITH RELEVANT STAKEHOLDERS IN CONDUCTING THE STUDY.
RELEVANT STAKEHOLDERS MUST INCLUDE, AT A MINIMUM:
(a) REPRESENTATIVES OF REINSURERS;
(b) REPRESENTATIVES OF INSURERS WRITING HOMEOWNER'S INSURANCE CONTRACTS OR POLICIES IN COLORADO;
(c) REPRESENTATIVES OF REINSURANCE BROKERS;
(d) INDIVIDUALS WITH EXPERTISE IN COMPLEX FINANCIAL INSTRUMENTS AND DEBT INSTRUMENTS;
AND (e) CONSUMERS OR INDIVIDUALS WITH EXPERIENCE IN WILDFIRE MITIGATION.
(4) THE BOARD SHALL SUBMIT THE STUDY REQUIRED BY SUBSECTIONS (1) AND (2) OF THIS SECTION TO THE HOUSE OF REPRESENTATIVES TRANSPORTATION, HOUSING, AND LOCAL GOVERNMENT COMMITTEE AND THE SENATE LOCAL GOVERNMENT AND HOUSING COMMITTEE, OR THEIR SUCCESSOR COMMITTEES, AND SHALL PUBLISH THE STUDY ON THE DIVISION'S WEBSITE.
(5) THIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2031.
IFANYPROVISIONOFTHISPART 20 ORTHEAPPLICATIONOFTHISPART TO ANY PERSON OR CIRCUMSTANCE IS HELD INVALID ,THE INVALIDITY DOES NOT AFFECT OTHER PROVISIONS OR APPLICATIONS OF THIS PART 20 THAT CAN BE GIVEN EFFECT WITHOUT THE INVALID PROVISION OR PAGE 16-SENATE BILL 26-155 APPLICATION , AND TO THIS END THE PROVISIONS OF THIS PART 20 ARE DECLARED TO BE SEVERABLE .
IF ANY PROVISION OFTHIS PART20 ORTHEAPPLICATIONOFTHIS PART TO ANY PERSON OR CIRCUMSTANCE IS HELD INVALID, THE INVALIDITY DOES NOT AFFECT OTHER PROVISIONS OR APPLICATIONS OF THIS PART 20 THAT CAN BE GIVEN EFFECT WITHOUT THE INVALID PROVISION OR PAGE 16-SENATE BILL 26-155 APPLICATION, AND TO THIS END THE PROVISIONS OF THIS PART 20 ARE DECLARED TO BE SEVERABLE.
SECTION2.
SECTION 2.
InColoradoRevisedStatutes,10-4-405,add(1.2)as follows:
In Colorado Revised Statutes, 10-4-405, add (1.2) as follows:
Filingofratinginformation-certaincoverages-rules.
Filing of rating information - certain coverages- rules.
(1.2) N O SOONER THAN JANUARY 1, 2027, AND UPON THE COMMISSIONER ADOPTING RULES , AN INSURER OFFERING MULTIPERIL HOMEOWNER 'S INSURANCE FOR PROPERTY OR RISKS LOCATED IN THE STATE SHALL SUBMIT AN ANNUAL FILING TO THE COMMISSIONER .
(1.2) NO SOONER THAN JANUARY 1, 2027, AND UPON THE COMMISSIONER ADOPTING RULES, AN INSURER OFFERING MULTIPERIL HOMEOWNER'SINSURANCEFORPROPERTYORRISKS LOCATED IN THE STATE SHALL SUBMIT AN ANNUAL FILING TO THE COMMISSIONER.
THE ANNUAL FILING MUST INCLUDE AN EXHIBIT REPORTING :
THE ANNUAL FILING MUST INCLUDE AN EXHIBIT REPORTING:
(a) THE NUMBER OF POLICIES IN FORCE ;
(a) THE NUMBER OF POLICIES IN FORCE;
(b) TENUMBEROFHOMESTHATHAVEINSTALLEDARESILIENTROOF SYSTEM ;
(b) THENUMBEROFHOMESTHATHAVEINSTALLEDARESILIENTROOF SYSTEM;
(c) THE DISCOUNT APPLIED TO HOMES DUE TO THE PRESENCE OF A RESILIENT ROOF SYSTEM ;AND (d) THE WIND AND HAIL CLAIMS FREQUENCY AND SEVERITY FOR HOMES WITH AND WITHOUT A RESILIENT ROOF SYSTEM .
(C) THE DISCOUNT APPLIED TO HOMES DUE TO THE PRESENCE OF A RESILIENT ROOFSYSTEM;
AND (d) THE WIND AND HAIL CLAIMS FREQUENCY AND SEVERITY FOR HOMES WITH AND WITHOUT A RESILIENT ROOF SYSTEM.
For the 2026-27 state fiscal year, $66,250isappropriatedtothedepartmentoflaw.Thisappropriationisfrom the legal services cash fund created in section 24-31-108 (4), C.R.S., from revenue received from the department of regulatory agencies that is continuouslyappropriatedtothedepartmentofregulatoryagenciesfromthe strengthen Colorado homes enterprise fund created in section 10-4-2003 (5)(a), C.R.S.
For the 2026-27 state fiscal year, $66,250 is appropriatedto the departmentoflaw.
The appropriation to the department of law is based on an assumption that the department of law will require an additional 0.3 FTE.
This appropriation is from the legal services cash fund created in section 24-31-1(4),C.R.S., from revenue received from the department o f regulatory agencies that is continuously appropriated to the departmento fregulatory agencies from the strengthen Colorado homes enterprise fund created in section 10-4-2003 (5)(a), C.R.S.
To implement this act, the department of law mayuse this appropriation to provide legal services for the department of regulatory agencies.
The appropriation to the department o f law is based on an assumption that the department o f law will require an additional 0.3 FTE.
To implement this act, the department o f law may use this appropriation to provide legal services for the department o f regulatory agencies.
on the day following the expiration of the ninety-dayperiod after final adjournment of the general assembly(August 12, 2026, if adjournment sine die is on May 13, 2026);
on the day following the expiration o f the ninety-day period after final adjournment o f the general assembly (August 12, 2026, i f adjournment sine die is on May 13, 2026);
except that, if a PAGE 17-SENATE BILL 26-155 referendumpetitionisfiledpursuanttosection1(3)ofarticleVofthestate constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approvedbythepeopleatthegeneralelectiontobeheldinNovember2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.
except that, i f a PAGE 17-SENATE BILL 26-155 referendumpetition is filed pursuantto section 1(3) ofarticle V ofthe state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved bythepeople at the general electionto be held inNovember2026 and, in such case, will take effect on the date ofthe official declaration of the vote thereon by the governor.
____________________________ ____________________________ James Rashad Coleman, Sr.
James Rashad Coleman, Sr.
Julie McCluskie PRESIDENT OF SPEAKER OF THE HOUSE THE SENATE OF REPRESENTATIVES ____________________________ ____________________________ Esther van Mourik Vanessa Reilly SECRETARY OF CHIEF CLERK OF THE HOUSE THE SENATE OF REPRESENTATIVES APPROVED________________________________________ (Date and Time) _________________________________________ Jared S.
~ k i e PRESIDENT OF SPEAKER OF THE HOUSE THE SENATE OF REPRESENTATIVES Esthe an Mourik v ~ ' % i l i l l y SECRETARY OF CHIEF CLERK OF THE HOUSE THE SENATE OF REPRESENTATIVES APPROVED Oh lV\~J Jared S.
Polis GOVERNOR OF THE STATE OF COLORADO PAGE 18-SENATE BILL 26-155
Por GOVERNO 0 PAGE 18-SENATE BILL 26-155
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How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill establishes the Strengthen Colorado Homes Enterprise to enhance homeowner insurance availability and resilience against severe weather through a fee system for insurers.

  • 10-4-2001

    (1) THE GENERAL ASSEMBLY: ...; AND (XII) THE FEE ON INSURERS IS REASONABLY RELATED TO THE BUSINESS SERVICES THE STRENGTHEN COLORADO HOMES ENTERPRISE IS PROVIDING TO INSURERS;

    This section establishes findings and determinations regarding climate impact and insurance challenges.

  • 10-4-2002

    (1) "BOARD" OR "ENTERPRISE BOARD" MEANS THE GOVERNING BOARD OF THE STRENGTHEN COLORADO HOMES ENTERPRISE. ... (6) "RESILIENT ROOF SYSTEM" MEANS A ROOF THAT HAS OBTAINED A VERIFIED WIND AND HAIL CERTIFICATION FROM THE INSURANCE INSTITUTE FOR BUSINESS AND HOME SAFETY "FORTIFIED" PROGRAM OR A SIMILAR SCIENCE-BASED, VERIFIABLE CERTIFICATION, AS DETERMINED BY THE BOARD BY RULE.

    This section defines terms relevant to the new enterprise.

  • 10-4-2003

    (1) THE STRENGTHEN COLORADO HOMES ENTERPRISE IS CREATED IN THE DIVISION. ... (C) THE ENTERPRISE CONSTITUTES AN ENTERPRISE FOR PURPOSES OF SECTION 20 OF ARTICLE X OF THE STATE CONSTITUTION SO LONG AS IT RETAINS THE AUTHORITY TO ISSUE REVENUE BONDS AND RECEIVES LESS THAN TEN PERCENT OF ITS TOTAL REVENUES IN GRANTS FROM ALL COLORADO STATE AND LOCAL GOVERNMENTS COMBINED.

    This section creates the Strengthen Colorado Homes Enterprise and outlines its purpose and governance.

Action History

  1. Governor Signed

  2. Signed by the President of the Senate

  3. Signed by the Speaker of the House

  4. Sent to the Governor

  5. Senate Considered House Amendments - Result was to Concur - Repass

  6. House Third Reading Passed - No Amendments

  7. House Second Reading Special Order - Passed with Amendments - Committee, Floor

  8. House Committee on Appropriations Refer Amended to House Committee of the Whole

  9. House Committee on Finance Refer Amended to Appropriations

  10. Senate Third Reading Passed - No Amendments

  11. Introduced In House - Assigned to Finance

  12. Senate Second Reading Passed with Amendments - Committee, Floor

  13. Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  14. Senate Committee on Finance Refer Amended to Appropriations

  15. Introduced In Senate - Assigned to Finance

Sponsors

  • Adrienne Benavidez · Cosponsor
  • B. Titone · Cosponsor
  • K. Stewart · Cosponsor
  • L. Smith · Cosponsor
  • E. Sirota · Cosponsor
  • G. Rydin · Cosponsor
  • M. Rutinel · Cosponsor
  • N. Ricks · Cosponsor
  • A. Paschal · Cosponsor
  • K. Nguyen · Cosponsor
  • K. McCormick · Cosponsor
  • M. Lindsay · Cosponsor
  • J. Joseph · Cosponsor
  • M. Froelich · Cosponsor
  • M. Duran · Cosponsor
  • C. Clifford · Cosponsor
  • S. Camacho · Cosponsor
  • A. Boesenecker · Cosponsor
  • J. McCluskie · Primary
  • K. Brown · Primary
  • Janice Marchman · Primary
  • Judy Amabile · Cosponsor
  • James Coleman · Cosponsor
  • Lisa Cutter · Cosponsor
  • Tony Exum · Cosponsor
  • Cathy Kipp · Cosponsor
  • Dylan Roberts · Cosponsor
  • Marc Snyder · Cosponsor
  • Kyle Mullica · Primary
  • Lindsey Daugherty · Cosponsor

Sponsorship breakdown

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4 sponsors · 26 co-sponsors · 71 not signed on · 18 voted No

Sponsors (4)

Co-sponsors (26)

Not signed on (71)

71 members have not signed on to this bill.

Show all 71 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

CONCUR

Passed 36 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 21000
Republican 10000
Unaffiliated 5000
Total 36000
% of votes cast 100%0%0%0%
How each member voted (36)
Member Party Vote
Gonzales J. — Yea
Pelton B. — Yea
Pelton R. — Yea
President — Yea
Adrienne Benavidez — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
Iman Jodeh Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Judy Amabile Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
William Lindstedt Democrat Yea
Barbara Kirkmeyer Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
John Carson Republican Yea
Larry Liston Republican Yea
Lisa Frizell Republican Yea
Lynda Zamora Wilson Republican Yea
Marc Catlin Republican Yea
Mark Baisley Republican Yea
Scott Bright Republican Yea

Official roll call →

REPASS

Passed 24 Yea · 12 Nay
Party YeaNayPresentNot Voting
Democrat 21000
Republican 01000
Unaffiliated 3200
Total 241200
% of votes cast 67%33%0%0%
How each member voted (36)
Member Party Vote
Gonzales J. — Yea
Pelton B. — Nay
Pelton R. — Nay
President — Yea
Adrienne Benavidez — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
Iman Jodeh Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Judy Amabile Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
William Lindstedt Democrat Yea
Barbara Kirkmeyer Republican Nay
Cleave Simpson Republican Nay
Janice Rich Republican Nay
John Carson Republican Nay
Larry Liston Republican Nay
Lisa Frizell Republican Nay
Lynda Zamora Wilson Republican Nay
Marc Catlin Republican Nay
Mark Baisley Republican Nay
Scott Bright Republican Nay

Official roll call →

Refer Senate Bill 26-155, as amended, to the Committee of the Whole.

Passed 8 Yea · 3 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Republican 0300
Total 8300
% of votes cast 73%27%0%0%
How each member voted (11)
Member Party Vote
Andrew Boesenecker Democrat Yea
Brianna Titone Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Kyle Brown Democrat Yea
Yara Zokaie Democrat Yea
Chris Richardson Republican Nay
Matt Soper Republican Nay
Rick Taggart Republican Nay

Official roll call →

Refer Senate Bill 26-155, as amended, to the Committee on Appropriations.

Passed 7 Yea · 3 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 0301
Democrat 7000
Total 7301
% of votes cast 64%27%0%9%
How each member voted (11)
Member Party Vote
Bob Marshall Democrat Yea
Brianna Titone Democrat Yea
Lorena Garcia Democrat Yea
Rebekah Stewart Democrat Yea
Sean Camacho Democrat Yea
Steven Woodrow Democrat Yea
Yara Zokaie Democrat Yea
Anthony Hartsook Republican Nay
Matt Soper Republican Nay
Max Brooks Republican Nay
Ryan Gonzalez Republican Not Voting

Official roll call →

BILL

Passed 23 Yea · 12 Nay · 1 Other
Party YeaNayPresentNot Voting
Democrat 20001
Republican 01000
Unaffiliated 3200
Total 231201
% of votes cast 64%33%0%3%
How each member voted (36)
Member Party Vote
Gonzales J. — Yea
Pelton B. — Nay
Pelton R. — Nay
President — Yea
Adrienne Benavidez — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Dylan Roberts Democrat Yea
Iman Jodeh Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Yea
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Not Voting
Judy Amabile Democrat Yea
Katie Wallace Democrat Yea
Kyle Mullica Democrat Yea
Lindsey Daugherty Democrat Yea
Lisa Cutter Democrat Yea
Marc Snyder Democrat Yea
Matt Ball Democrat Yea
Mike Weissman Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
William Lindstedt Democrat Yea
Barbara Kirkmeyer Republican Nay
Cleave Simpson Republican Nay
Janice Rich Republican Nay
John Carson Republican Nay
Larry Liston Republican Nay
Lisa Frizell Republican Nay
Lynda Zamora Wilson Republican Nay
Marc Catlin Republican Nay
Mark Baisley Republican Nay
Scott Bright Republican Nay

Official roll call →

Refer Senate Bill 26-155, as amended, to the Committee on Appropriations.

Passed 6 Yea · 3 Nay
Party YeaNayPresentNot Voting
Republican 0300
Democrat 5000
Unaffiliated 1000
Total 6300
% of votes cast 67%33%0%0%
How each member voted (9)
Member Party Vote
Adrienne Benavidez — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Janice Marchman Democrat Yea
Kyle Mullica Democrat Yea
Marc Snyder Democrat Yea
Cleave Simpson Republican Nay
Lisa Frizell Republican Nay
Scott Bright Republican Nay

Official roll call →

Subjects

housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 155 do?
The act creates the strengthen Colorado homes enterprise (enterprise), which is a government-owned business created in the division of insurance (division) in the department of regulatory agencies. The enterprise is governed by a 7-member board (board), including the commissioner of insurance (commissioner), or their designee; members with expertise in home hardening, risk mitigation, resilient roof systems, and insurance underwriting or actuarial analysis; and members representing the interests of insurance companies, consumers, and counties.     The primary purpose of the enterprise is to impose and collect an annual fee (fee) from an admitted insurance company that offers multiperil homeowner's insurance policies in the state and is subject to certain filing requirements with the division, not including the fair access to insurance requirements association (insurer).     The enterprise shall use fee revenue to provide business services to insurers that pay the fee, including:Reducing insurer losses and administrative expenses due to hail damage claims by defraying the cost of retrofitting residential property by providing grants for the installation of resilient roof systems (grants). At least 85% of the fee revenue must be used for grants to Colorado homeowners to retrofit residential property to reduce insurer losses due to hail and windstorms.Analyzing data on hail losses to identify areas of the state to target for installation of resilient roof systems;Setting standards for resilient roof systems and awarding workforce training grants for installing and certifying resilient roof systems;Creating codes of conduct for roofing contractors to ensure roofs are properly and appropriately installed;Evaluating roofing protocols to ascertain if the protocols meet science-based, certifiable standards; Conducting or contracting with a third party to conduct a study to analyze insurance risk in high-risk wildfire areas of the state; andImproving market stability throughout the state.     Beginning in the 2027 calendar year, the amount of the fee imposed and collected by the enterprise is an amount equal to 0.5% of the total premium collected by an insurer on multiperil homeowner's insurance policies in the state in the immediately preceding calender year. The insurer shall not surcharge the fee amount to policyholders. The enterprise may lower or cease collecting the fee from an insurer in any calendar year to ensure that total fee revenue does not exceed $100 million in the first 5 years of the enterprise's existence.          In awarding grants, the board shall prioritize homes that are the homeowner applicant's (applicant) primary residence and shall consider other criteria, including applicant income, the age of the roof, the size of the home, the number of grant applicants, whether the home is in a locality with hail-resistant building codes, and whether the applicant lives in a location that has historically had a higher susceptibility to extreme weather events. In order to ensure the necessary workforce, fee revenue may also be used to award grants to defray the costs of training and certification related to installing and certifying resilient roof systems. A contractor that is awarded bids and receives money from a grant is prohibited from waiving homeowner's insurance deductibles.     In addition, the board shall use fee revenue to conduct or contract with a third party to conduct a study to analyze insurance risk in high-risk wildfire areas of the state, including an analysis of market competition in those areas and the impact of a high risk program on the potential losses in the high-risk wildfire areas of the state and the availability of homeowner's insurance in those areas. The board or third party conducting the study shall engage with relevant stakeholders that include, at a minimum, representatives of reinsurers and reinsurance brokers, insurers writing homeowner's insurance contracts or policies in Colorado, individuals with expertise in complex financial instruments and debt instruments, and consumers or other individuals with expertise in wildfire mitigation. The board shall send the study to certain committees of the general assembly.          The board shall adopt rules and policies for the regulation of the enterprise's affairs and the conduct of enterprise business, including standards for resilient roof systems and standards for contractor-specialized training in the installation of impact-resistant roof systems.     No sooner than January 1, 2027, and upon the commissioner adopting rules, an insurer offering multiperil homeowner's insurance for property or risks located in the state is required to submit an annual filing to the commissioner that includes the number of policies in force, the number of homes that have installed a resilient roof system, the discount applied to homes due to the presence of a resilient roof system, and the wind and hail claims frequency and severity for homes with and without a resilient roof system.     $66,250 is appropriated from the legal services cash fund to the department of law to provide legal services to the department of regulatory agencies to implement the act. The appropriation is from revenue received from the department of regulatory agencies that is continuously appropriated to the department of regulatory agencies from the strengthen Colorado homes enterprise fund. The appropriation to the department of law is based on an assumption that the department of law will require an additional 0.3 FTE to implement the act.(Note: This summary applies to this bill as enacted.)
Who sponsors SB 155?
SB 155 is sponsored by Adrienne Benavidez, B. Titone, K. Stewart, L. Smith, E. Sirota, G. Rydin, M. Rutinel, N. Ricks, A. Paschal, K. Nguyen, K. McCormick, M. Lindsay, J. Joseph, M. Froelich, M. Duran, C. Clifford, S. Camacho, A. Boesenecker, J. McCluskie, K. Brown, Janice Marchman (Democrat), Judy Amabile (Democrat), James Coleman (Democrat), Lisa Cutter (Democrat), Tony Exum (Democrat), Cathy Kipp (Democrat), Dylan Roberts (Democrat), Marc Snyder (Democrat), Kyle Mullica (Democrat), and Lindsey Daugherty (Democrat).
What is the current status of SB 155?
This bill has been enacted into law. Introduced April 07, 2026. Enacted.
Where can I track SB 155?
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