§ 10-16-301 — Legislative declaration

(1) It is the policy of the general
assembly, and the intent and purpose of this article, to promote the availability of
hospital care, medical-surgical care, and other health services on a voluntary
nonprofit prepaid basis, and to thereby promote the health and welfare of the
people of the state of Colorado.

(2) It is further the policy of the general assembly to conform the laws of the
state of Colorado to section 1012 of the federal Tax Reform Act of 1986, as
amended, to ensure uniform federal and Colorado income taxation treatment of
nonprofit hospitals, medical-surgical, and health service corporations. The general
assembly recognizes that health-care coverage may be offered to the citizens of
this state by various entities with distinct organizational and functional forms. The
placement of this part 3 in this article should in no way be construed so as to alter
the distinct organizational and functional character of nonprofit hospital, medical-surgical, and health service corporations or to alter the legal distinctions between
such corporations and other health-care coverage entities.

Legislative History

Source: L. 92: Entire article R&RE, p. 1681, � 1, effective July 1.