Colorado § 24-82-103 Off-street parking - financing

Colorado Statutes

§ 24-82-103 — Off-street parking - financing

Colorado § 24-82-103

Title 24Government

Art.State Property

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Bluebook

Colo. Rev. Stat. § 24-82-103 (2026).

Text

(1)The department of personnel shall have the authority to acquire land for off-street parking and to construct related facilities, subject to specific appropriation for land acquisition and construction.

(2)The department of personnel shall develop and execute priorities for assignment of off-street parking. Rentals and charges for state-owned parking in the capitol buildings group shall not be less than those charges applicable to comparable parking offered privately and shall be reviewed annually prior to July 1. (2.5) Notwithstanding the provisions of subsection (2) of this section, preferential rates shall be granted for parking spaces assigned to vehicles which are used by more than one person in going to and returning from work. Such rate shall be determined based upon

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(1) The department of personnel
shall have the authority to acquire land for off-street parking and to construct
related facilities, subject to specific appropriation for land acquisition and
construction.

(2) The department of personnel shall develop and execute priorities for
assignment of off-street parking. Rentals and charges for state-owned parking in
the capitol buildings group shall not be less than those charges applicable to
comparable parking offered privately and shall be reviewed annually prior to July 1.

(2.5) Notwithstanding the provisions of subsection (2) of this section,
preferential rates shall be granted for parking spaces assigned to vehicles which
are used by more than one person in going to and returning from work. Such rate
shall be determined based upon the number of persons regularly going to and
returning from work in the vehicle which is to be charged a preferential rate and
shall decrease as the number of persons regularly going to and from work in such
vehicle increases; except that no parking charge shall be made for any vehicle
which regularly carries four or more persons, including the driver, in going to or
returning from work. The office of state planning and budgeting shall provide that
not less than ten percent of the available off-street parking shall be reserved for
vanpool and carpool parking.

(3) All existing balance in the capitol parking account and the farmers' union
amortization account shall be transferred to the capital construction fund.

(4) (a) Moneys received pursuant to this section in excess of those necessary
to pay current capital and operating costs, which moneys to pay such costs are
hereby appropriated, shall be deposited to the credit of a special account within the
state treasury, and such moneys shall be expended only for incentives and
programs to increase state employee participation in ridesharing arrangements, as
defined in section 39-22-509 (1)(a)(II), C.R.S., and state employee use of bicycles or
mass transit.

(b) Notwithstanding subsection (4)(a) of this section, the department of
personnel is authorized, subject to appropriation by the general assembly, to
expend money in the special account described in subsection (4)(a) of this section
for the purpose of demolishing the state-owned buildings in the capitol complex at
1550 Lincoln street and making payments on a financed purchase of an asset or
certificate of participation agreement for a parking structure on the southeast
corner of fourteenth avenue and Lincoln street in the capitol complex.

(5) (a) There is hereby created in the department of personnel the capitol
parking authority, referred to in this subsection (5) as the authority, which shall be
under the direction of the executive director of the department of personnel. The
authority shall constitute an enterprise for the purposes of section 20 of article X of
the state constitution so long as the authority retains the authority to issue revenue
bonds pursuant to subsection (5)(b) of this section, and the authority receives less
than ten percent of its total annual revenues from grants, as defined in section 24-77-102 (7), from all Colorado state and local governments combined. So long as the
authority constitutes an enterprise pursuant to this section, the authority shall not
be subject to any of the provisions of section 20 of article X of the state
constitution.

(b) Subject to approval by the general assembly, either by bill or by joint
resolution, and after approval by the governor pursuant to section 39 of article V of
the state constitution, the authority is hereby authorized to issue revenue bonds to
finance the acquisition of land for off-street parking or the construction of related
facilities.

Legislative History

Source: L. 58: p. 265, � 1. CRS 53: � 130-8-3. C.R.S. 1963: � 134-1-3. L. 75: Entire section R&RE, p. 818, � 4, effective July 18. L. 79: (1) and (2) amended, pp. 887, 1559, �� 9, 23, effective July 1. L. 87: (4) repealed, p. 349, � 4, effective April 6. L. 89: (4) RC&RE, p. 1140, � 1, effective July 1. L. 95: (1), (2), and (4)(b) amended, p. 657, � 80, effective July 1. L. 2004: (4)(a) amended, p. 904, � 29, effective May 21; (4)(b) amended and (5) added, p. 1903, � 2, effective June 4. L. 2018: (5)(a) amended, (HB 18-1375), ch. 274, p. 1713, � 58, effective May 29. L. 2021: (4)(b) amended, (HB 21-1316), ch. 325, p. 2034, � 47, effective July 1.