Colorado § 24-18-102 Definitions

Colorado Statutes

§ 24-18-102 — Definitions

Colorado·Title 24 Government·Art. Standards of Conduct

As used in this part 1, unless the context otherwise requires:

(1)Business means any corporation, limited liability company, partnership, sole proprietorship, trust or foundation, or other individual or organization carrying on a business, whether or not operated for profit.

(2)Compensation means any money, thing of value, or economic benefit conferred on or received by any person in return for services rendered or to be rendered by himself or another.

(3)Employee means any temporary or permanent employee of a state agency or any local government, except a member of the general assembly and an employee under contract to the state.

(4)Financial interest means a substantial interest held by an individual which is:

(a)An ownership interest in a business;

(b)A creditor inte

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As used in this part 1, unless the context otherwise
requires:

(1) Business means any corporation, limited liability company, partnership,
sole proprietorship, trust or foundation, or other individual or organization carrying
on a business, whether or not operated for profit.

(2) Compensation means any money, thing of value, or economic benefit
conferred on or received by any person in return for services rendered or to be
rendered by himself or another.

(3) Employee means any temporary or permanent employee of a state
agency or any local government, except a member of the general assembly and an
employee under contract to the state.

(4) Financial interest means a substantial interest held by an individual
which is:

(a) An ownership interest in a business;

(b) A creditor interest in an insolvent business;

(c) An employment or a prospective employment for which negotiations have
begun;

(d) An ownership interest in real or personal property;

(e) A loan or any other debtor interest; or

(f) A directorship or officership in a business.

(5) Local government means the government of any county, city and
county, city, town, special district, or school district.

(6) Local government official means an elected or appointed official of a
local government, but does not include an employee of a local government. Local
government official includes a member of the board of commissioners of any
airport authority created pursuant to article 3 of title 41.

(7) Official act or official action means any vote, decision,
recommendation, approval, disapproval, or other action, including inaction, which
involves the use of discretionary authority.

(8) Public officer means any elected officer, the head of a principal
department of the executive branch, and any other state officer. Public officer
does not include a member of the general assembly, a member of the judiciary, any
local government official, or any member of a board, commission, council, or
committee who receives no compensation other than a per diem allowance or
necessary and reasonable expenses.

(9) State agency means the state; the general assembly and its
committees; every executive department, board, commission, committee, bureau,
and office; every state institution of higher education, whether established by the
state constitution or by law, and every governing board thereof; and every
independent commission and other political subdivision of the state government
except the courts.

Colorado § 24-18-102 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 88: Entire article added, p. 899, � 1, effective July 1. L. 90: (1) amended, p. 447, � 10, effective April 18. L. 91: (8) amended, p. 837, � 1, effective March 29. L. 2023: (6) amended, (HB 23-1156), ch. 60, p. 217, � 6, effective August 7.