§ 24-38-202 — Definitions

Colorado § 24-38-202

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Government Efficiency

Text

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

(1) Nonprofit contribution means the supply by a nonprofit entity of
resources to accomplish all or any part of the work on a project or the
implementation or administration of a program.

(2) Nonprofit entity means a corporation or organization authorized to do
business in the state that is exempt from taxation pursuant to section 501 (a) of the
federal Internal Revenue Code of 1986, 26 U.S.C. sec. 501 (a), as amended, and is
listed as an exempt organization in section 501 (c)(3) of the federal Internal
Revenue Code of 1986, 26 U.S.C. sec. 501 (c)(3), as amended.

(3) Public benefit means an agency grant of a right or interest in or
concerning an agency project or program.

(4) Public-private initiative means a nontraditional arrangement between
an agency and one or more nonprofit entities that provides for:

(a) Acceptance of a nonprofit contribution to an agency project or service in
exchange for a public benefit concerning the project or service other than only a
money payment;

(b) Sharing of resources and the means of providing projects or services; or

(c) Cooperation in researching, developing, and implementing projects or
services.

(5) Unsolicited proposal means a written proposal for a public-private
initiative that is submitted by a nonprofit entity for the purpose of entering into an
agreement with an agency but that is not in response to a formal solicitation or
request issued by the agency.

Legislative History

Source: L. 2010: Entire part added, (HB 10-1010), ch. 90, p. 304, � 1, effective August 11.