Colorado § 24-37-402 Definitions

Colorado Statutes

§ 24-37-402 — Definitions

Colorado § 24-37-402

Title 24Government

Art.Office of State Planning and Budgeting

This text of Colorado § 24-37-402 (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. § 24-37-402 (2026).

Text

As used in this part 4, unless the context otherwise requires:

(1)Contract means a pay for success contract entered into by the office and a lead contractor, or the office, one or more local governments, and a lead contractor as authorized by section 24-37-403.

(2)Fund means the pay for success contracts fund created in section 24-37-403.

(3)Investor means a person or entity that is not a lead contractor or provider and that provides working capital to fund the provision of services under a contract.

(4)Lead contractor means an organization or local government selected by the director of the office to participate in the state program by:

(a)Entering into a pay for success contract with the office or with the office and one or more local governments, as applicable, to provi

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As used in this part 4, unless the context otherwise
requires:

(1) Contract means a pay for success contract entered into by the office
and a lead contractor, or the office, one or more local governments, and a lead
contractor as authorized by section 24-37-403.

(2) Fund means the pay for success contracts fund created in section 24-37-403.

(3) Investor means a person or entity that is not a lead contractor or
provider and that provides working capital to fund the provision of services under a
contract.

(4) Lead contractor means an organization or local government selected by
the director of the office to participate in the state program by:

(a) Entering into a pay for success contract with the office or with the office
and one or more local governments, as applicable, to provide program-eligible
interventions directly or through subcontracts with other providers;

(b) Overseeing the provision of program-eligible interventions by any other
providers with which it subcontracts; and

(c) Using its own money or borrowing money to pay the costs of providing
program-eligible interventions throughout the contract as negotiated by the parties
and, if the program-eligible interventions that it provides meet the defined
performance targets established in a pay for success contract, receiving success
payments.

(5) Local government means a county, municipality, or school district.

(6) Program-eligible interventions means services provided in order to
improve the lives and living conditions of individuals by increasing economic
opportunity and the likelihood of healthy futures and promoting child and youth
development.

(7) Provider means a person or entity that provides program-eligible
interventions on a for-profit or nonprofit basis. Provider includes:

(a) A lead contractor that provides program-eligible interventions directly
rather than entering into subcontracts with other providers for the provision of such
interventions; and

(b) A local government, which may be the same local government that
establishes a program-eligible interventions program, that provides program-eligible interventions.

(8) School district means any public school district organized under state
law or an institute charter school created pursuant to part 5 of article 30.5 of title
22, C.R.S. School district does not include a local college district.

(9) State program means the pay for success contracts program
established in section 24-37-403.

(10) Success payments means payments made to the lead contractor for
meeting defined performance targets specified in a pay for success contract.