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Senate passes bill requiring limited price posting and notice rules for childcare centers owned by investment entities
Summary
After heated debate, the Senate adopted House Bill 1011 to require certain childcare centers owned by institutional investment entities to post fee schedules online and to provide advance notice of closures or staffing changes; opponents argued the measure will raise costs and reduce supply.
The Colorado Senate on April 7 narrowly adopted House Bill 1011, legislation that imposes limited transparency and notice requirements on childcare centers owned by institutional investment entities, following extended and contentious debate.
Sponsor Senator Kipp and bill proponents described the measure as minimal consumer protections: centers owned by institutional investment entities must post accurate fee schedules on their websites and provide 60 days’ notice to families before closing or making certain staffing changes tied to a change in ownership or operations. Kipp said the bill does not stop providers from operating as they do…
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