Colorado HOA reserve study requirements (2026)
No statutory study cycle for existing associations; declarants must fund a 30-year study before turnover (HB26-1099).
Quick facts
What the law actually requires
Colorado's Common Interest Ownership Act (CCIOA) requires every common interest community to adopt written 'responsible governance policies' under § 38-33.3-209.5(1)(b). Two of the nine required policies concern reserves: a reserve study policy (§ 38-33.3-209.5(1)(b)(IX)) stating when the association has had a reserve study prepared, whether a funding plan exists for any recommended work, and whether the study is based on a physical and financial analysis — an internally conducted study is sufficient for this policy — and a policy for the investment of reserve funds (§ 38-33.3-209.5(1)(b)(VI)).
Under § 38-33.3-209.4(2), within ninety days after the end of each fiscal year the association must make its operating budget for the current fiscal year and its annual financial statements, including any amounts held in reserve, available to unit owners. CCIOA does not prescribe a reserve-study cycle or a numeric funding level for existing associations; the board sets the funding level within its adopted policies.
House Bill 26-1099, signed April 13, 2026 and effective August 12, 2026, added § 38-33.3-209.2: before transferring control of a planned community or condominium to the association, the declarant must obtain and pay for an independent reserve study covering 30 years of projected costs, prepared by a reserve-study professional or other qualified professional with no business relationship, financial interest, or affiliation with the declarant. HB26-1099 also added that study to the association's required annual disclosures under § 38-33.3-209.4(2)(j).
How ReserveDeck handles Colorado
When a property's compliance jurisdiction is set to Colorado, ReserveDeck's report prints the CCIOA § 38-33.3-209.5 requirements described above on its Disclosures page and states the study cycle in the cover letter. The reserve math is the same in every state.
ReserveDeck does not reproduce a state's statutory disclosure form; it provides the reserve figures a board needs to complete one (reserve requirement, percent funded, multi-year projections, and the funding plans).
Built-in Colorado compliance.
Select CCIOA § 38-33.3-209.5 from the Compliance Jurisdiction dropdown and ReserveDeck's PDF builder produces the right disclosure format automatically. Engine math is identical across jurisdictions — only the deliverable changes.
Frequently asked questions — Colorado
Does Colorado require an HOA reserve study?
CCIOA requires the association to adopt a written reserve study policy under § 38-33.3-209.5(1)(b)(IX) stating when a reserve study was prepared, whether a funding plan exists, and whether the study includes a physical and financial analysis — an internally conducted study is sufficient. CCIOA does not require the study on any fixed statutory cycle.
What does the Colorado annual disclosure include?
Under § 38-33.3-209.4(2), within ninety days after the end of each fiscal year the association must make its operating budget for the current fiscal year and its annual financial statements, including any amounts held in reserve, available to unit owners.
What does House Bill 26-1099 require?
Signed April 13, 2026 and effective August 12, 2026, HB26-1099 added § 38-33.3-209.2: before transferring control of a planned community or condominium to the association, the declarant must obtain and pay for an independent 30-year reserve study prepared by a professional with no financial ties to the declarant. That study is also added to the association's annual disclosures under § 38-33.3-209.4(2)(j).
What's the practical cycle for Colorado reserve studies?
ReserveDeck's report prints the CCIOA § 38-33.3-209.5 requirements on its Disclosures page and provides the reserve figures the statute's disclosures call for (reserve requirement, percent funded, multi-year projections, and funding plans). It does not reproduce a statutory form.