Colorado § 24-102-207 Statewide procurement card agreement - definition

Colorado Statutes

§ 24-102-207 — Statewide procurement card agreement - definition

Colorado § 24-102-207

Title 24Government

Art.Procurement Organization

This text of Colorado § 24-102-207 (Statewide procurement card agreement - definition) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 24-102-207 (2026).

Text

(1)The department shall establish a statewide procurement card program. All governmental bodies that utilize a procurement card shall participate in the statewide program. For purposes of this section, governmental body has the same meaning as set forth in section 24-101-301 (18); except that, for purposes of this section, governmental body also includes elected officials.

(2)Governmental bodies that are not subject to the Procurement Code, articles 101 to 112 of this title 24, or the fiscal rules are subject to this section; except that, on and after December 1, 2010, this section does not apply to an institution of higher education that has elected to be excluded from the meaning of governmental body pursuant to section 24-101-301 (18).

(3)The statewide procurement card sha

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(1) The
department shall establish a statewide procurement card program. All
governmental bodies that utilize a procurement card shall participate in the
statewide program. For purposes of this section, governmental body has the same
meaning as set forth in section 24-101-301 (18); except that, for purposes of this
section, governmental body also includes elected officials.

(2) Governmental bodies that are not subject to the Procurement Code,
articles 101 to 112 of this title 24, or the fiscal rules are subject to this section;
except that, on and after December 1, 2010, this section does not apply to an
institution of higher education that has elected to be excluded from the meaning of
governmental body pursuant to section 24-101-301 (18).

(3) The statewide procurement card shall be considered an alternate method
of payment and shall not be considered a commitment voucher required by section
24-30-202 (1). Any revenues resulting from the procurement card program shall be
deposited as cash revenue in the general fund and shall be subject to annual
appropriation by the general assembly. Unless otherwise directed by the general
assembly, the state controller shall make adjustments equivalent to such revenues
in the form of a reduction of administrative costs allocated to governmental bodies
on a basis proportional to each governmental body's contribution to statewide
procurement card expenditures, as determined by the state controller, to ensure
that the federal government receives its share of procurement card revenues as
required by federal regulations and to ensure that the indirect obligations are
funded. Institutions of higher education that elect to be excluded from the meaning
of governmental body pursuant to section 24-101-301 (18) shall transfer money to
the department of higher education or the Colorado commission on higher
education to the extent required to pay indirect cost assessments, as defined in
section 24-75-112 (1)(f). For purposes of this subsection (3) the term allocated
does not mean an appropriation or cash transfer to any governmental body, but
refers to an internal process within the office of the state controller.

Legislative History

Source: L. 2010: Entire section added, (HB 10-1181), ch. 351, p. 1628, � 23, effective June 7. L. 2017: Entire section amended, (HB 17-1051), ch. 99, p. 310, � 11, effective August 9.