HB 17-1167

House Bill 17-1167, which has been signed into law, changes the rules for creating business improvement districts (BIDs) in Colorado. Currently, a municipality can create a BID that includes areas without existing businesses. This bill requires that any area included in a BID must already have established businesses present. The law affects how municipalities can designate and fund improvements in commercial zones to support local businesses. Since the bill has been signed, it is now enforceable state law.

Official Summary

A business improvement district (district) is a type of special district created within a municipality to fund certain types of improvements that will, among other things, promote the continued vitality of existing business areas within the municipality. The law currently allows a municipality to include areas in a district that do not have any existing businesses. The bill requires these areas to have existing businesses. (Note: This summary applies to this bill as introduced.)

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