Who does Colorado §314 apply to?

Colorado §314 applies to HOA associations in Colorado.

What happens if our CID doesn't comply with §314?

Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.

Where can I read the official text of Colorado §314?

The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.

Colorado §314

Surplus funds

Statute:: Colorado §314 · Part CCIOA-3 (CCIOA Part 3 — Management of the Common Interest Community)
Topic:: Finances · Surplus
Applies to:: HOA associations

Unless otherwise provided in the declaration, any surplus funds of the association remaining after payment of or provision for common expenses and prefunding of reserves are paid to the unit owners in proportion to common-expense liabilities or credited to them to reduce future assessments.

surplus; common profits

📄 Read the official text at leg.colorado.gov →

How SoShiny helps with Surplus funds

SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.

See the feature → Start free

Frequently asked

What does Colorado §314 require?: Unless otherwise provided in the declaration, any surplus funds of the association remaining after payment of or provision for common expenses and prefunding of reserves are paid to the unit owners in proportion to common-expense liabilities or credited to them to reduce future assessments.
Who does Colorado §314 apply to?: Colorado §314 applies to HOA associations in Colorado.
What happens if our CID doesn't comply with §314?: Non-compliance can expose the association and individual directors to disputes in the governing forum for Colorado community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
Where can I read the official text of Colorado §314?: The official text is published by the Colorado General Assembly at leg.colorado.gov. The summary on this page is for plain-English reference only and is not legal advice.
How does SoShiny help with Surplus funds?: SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →

Not legal advice. This page is a plain-English summary of Colorado §314 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Colorado-licensed attorney. For the official statutory text, see the link above.

Free newsletter

Stay current on Colorado association law.

Get the free quick-reference guide plus a heads-up when the statutes that govern your community change.

Don’t run your CID on spreadsheets.

Start your community free →