HB 17-1293

House Bill 17-1293, which has been signed into law, allows local government officials in Colorado to serve on nonprofit boards without it being considered a conflict of interest. The bill requires these officials to disclose their involvement with the nonprofits before voting on issues that could directly benefit those organizations financially. This affects local government officials and the nonprofits they might be involved with, ensuring transparency while permitting broader civic engagement for public servants.

Official Summary

The bill specifies that it is neither a conflict of interest nor a breach of fiduciary duty or the public trust for a local government official to serve on the board of directors of a nonprofit entity. A local government official who serves on the board of directors of a nonprofit entity shall publicly announce his or her relationship with the nonprofit entity before voting on a matter that provides a direct and substantial economic benefit to the nonprofit entity. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes