Colorado Senate advances construction-defects bill
DENVER — The Colorado Senate on Tuesday advanced a bill to reform the state’s construction-defects law, but the bill faces a less-certain future in the House of Representatives.
The Denver Post reports that Senate Bill 156, which requires arbitration for disagreements over construction defects in condominium buildings, passed on a 23-12 vote, with five Democrats joining with all 18 Republicans. The bill now will be considered by the Democratic-controlled Senate.
Supporters say that current law has led to a steep decline in condominium construction, with condominium starts now accounting for just 3 percent of new housing construction, versus more than 20 percent before the current law went into effect.
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DENVER — The Colorado Senate on Tuesday advanced a bill to reform the state’s construction-defects law, but the bill faces a less-certain future in the House of Representatives.
The Denver Post reports that Senate Bill 156, which requires arbitration for disagreements over construction defects in condominium buildings, passed on a 23-12 vote, with five Democrats joining with all 18 Republicans. The bill now will be considered by the Democratic-controlled Senate.
Supporters say that current law has led to a steep decline in condominium construction, with condominium starts now accounting for just 3 percent of new housing construction, versus more than…
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