Colorado § 24-30-1503.5 Risk management system - independent program

Colorado Statutes

§ 24-30-1503.5 — Risk management system - independent program

Colorado § 24-30-1503.5

Title 24Government

Art.Department of Personnel -

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Bluebook

Colo. Rev. Stat. § 24-30-1503.5 (2026).

Text

(1)If an institution of higher education, the Auraria higher education center established in article 70 of title 23, C.R.S., or the Colorado commission on higher education elects to be excluded from the meaning of state agency and to obtain an independent risk management program pursuant to section 24-30-1502 (5)(b), such institution, center, or commission shall conduct an analysis of the institution's, center's, or commission's ability to provide workers' compensation and the estimated property and liability losses, insurance costs, and administrative costs of risk management that the institution, center, or commission will incur by implementing an independent program.

(2)Before any institution of higher education, the Auraria higher education center established in article 70

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(1) If an
institution of higher education, the Auraria higher education center established in
article 70 of title 23, C.R.S., or the Colorado commission on higher education elects
to be excluded from the meaning of state agency and to obtain an independent
risk management program pursuant to section 24-30-1502 (5)(b), such institution,
center, or commission shall conduct an analysis of the institution's, center's, or
commission's ability to provide workers' compensation and the estimated property
and liability losses, insurance costs, and administrative costs of risk management
that the institution, center, or commission will incur by implementing an
independent program.

(2) Before any institution of higher education, the Auraria higher education
center established in article 70 of title 23, C.R.S., or the Colorado commission on
higher education implements an independent risk management program, the
institution, center, or commission, as applicable, shall submit a written report
detailing the findings of the analysis conducted pursuant to subsection (1) of this
section to the president of the senate, the speaker of the house of representatives,
the majority and minority leaders of the senate and the house of representatives,
the members of the joint budget committee, the members of the business affairs
and labor committee in the house of representatives, or any successor committee,
and the members of the business, labor, and technology committee in the senate, or
any successor committee.

(3) In the event that an institution of higher education, the Auraria higher
education center established in article 70 of title 23, C.R.S., or the Colorado
commission on higher education implements an independent risk management
program, the institution, center, or commission shall conduct the analysis and
submit the report required pursuant to this section within the existing resources of
the institution, center, or commission, as applicable.

Legislative History

Source: L. 2004: Entire section added, p. 603, � 3, effective July 1. L. 2007: (2) amended, p. 2034, � 50, effective June 1. L. 2012: Entire section amended, (HB 12-1081), ch. 210, p. 904, � 7, effective August 8.