Colorado § 24-17-203 Definitions

Colorado Statutes

§ 24-17-203 — Definitions

Colorado § 24-17-203

Title 24Government

Art.State Department Financial Responsibility

This text of Colorado § 24-17-203 (Definitions) 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. § 24-17-203 (2026).

Text

As used in this part 2, unless the context otherwise requires:

(1)Contingency-based contract means a contract entered into by a state agency and a vendor for services that:

(a)Requires all or part of the vendor's compensation to be computed by multiplying a stated percentage times the amount of measurable savings in the state agency's expenditures or costs of operation that are demonstrably attributable to the vendor's services under the contract; and

(b)Is entered into without the authority of a state statute that specifically authorizes the agency to enter into such a contract.

(2)Office means the office of state planning and budgeting created in section 24-37-102.

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As used in this part 2, unless the context otherwise
requires:

(1) Contingency-based contract means a contract entered into by a state
agency and a vendor for services that:

(a) Requires all or part of the vendor's compensation to be computed by
multiplying a stated percentage times the amount of measurable savings in the
state agency's expenditures or costs of operation that are demonstrably
attributable to the vendor's services under the contract; and

(b) Is entered into without the authority of a state statute that specifically
authorizes the agency to enter into such a contract.

(2) Office means the office of state planning and budgeting created in
section 24-37-102.