From The Colorado Springs Gazette (Bill Vogrin):
Under SB 183, HOAs would not be able to fine homeowners whose lawns die because they observe watering restrictions, which are anticipated this summer amid the current drought. It also overrides any covenants that demand water-guzzling turf lawns and ban xeriscape landscaping methods featuring drought-tolerant plants. The bill has passed the Senate and is awaiting action in the House.
More 2013 Colorado legislation coverage here.