Colorado § 24-18-201 Interests in contracts

Colorado Statutes

§ 24-18-201 — Interests in contracts

Colorado § 24-18-201

Title 24Government

Art.Standards of Conduct

This text of Colorado § 24-18-201 (Interests in contracts) 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. § 24-18-201 (2026).

Text

(1)Members of the general assembly, public officers, local government officials, or employees shall not be interested in any contract made by them in their official capacity or by any body, agency, or board of which they are members or employees. A former employee may not, within six months following the termination of his employment, contract or be employed by an employer who contracts with a state agency or any local government involving matters with which he was directly involved during his employment. For purposes of this section, the term:

(a)Be interested in does not include holding a minority interest in a corporation.

(b)Contract does not include:

(I)Contracts awarded to the lowest responsible bidder based on competitive bidding procedures;

(II)Merchandise sold to

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(1) Members of the general assembly,
public officers, local government officials, or employees shall not be interested in
any contract made by them in their official capacity or by any body, agency, or
board of which they are members or employees. A former employee may not, within
six months following the termination of his employment, contract or be employed
by an employer who contracts with a state agency or any local government
involving matters with which he was directly involved during his employment. For
purposes of this section, the term:

(a) Be interested in does not include holding a minority interest in a
corporation.

(b) Contract does not include:

(I) Contracts awarded to the lowest responsible bidder based on competitive
bidding procedures;

(II) Merchandise sold to the highest bidder at public auctions;

(III) Investments or deposits in financial institutions which are in the business
of loaning or receiving moneys;

(IV) A contract with an interested party if, because of geographic
restrictions, a local government could not otherwise reasonably afford itself of the
subject of the contract. It shall be presumed that a local government could not
otherwise reasonably afford itself of the subject of a contract if the additional cost
to the local government is greater than ten percent of a contract with an interested
party or if the contract is for services that must be performed within a limited time
period and no other contractor can provide those services within that time period.

(V) A contract with respect to which any member of the general assembly,
public officer, local government official, or employee has disclosed a personal
interest and has not voted thereon or with respect to which any member of the
governing body of a local government has voted thereon in accordance with section
24-18-109 (3)(b) or 31-4-404 (3), C.R.S. Any such disclosure shall be made: To the
governing body, for local government officials and employees; in accordance with
the rules of the house of representatives and the senate, for members of the
general assembly; and to the secretary of state, for all others.