Colorado § 24-82-1204 Terms and conditions of lease agreements

Colorado Statutes

§ 24-82-1204 — Terms and conditions of lease agreements

Colorado § 24-82-1204

Title 24Government

Art.State Property

This text of Colorado § 24-82-1204 (Terms and conditions of lease agreements) 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. § 24-82-1204 (2026).

Text

(1)A lease agreement, financed purchase of an asset agreement, or certificate of participation agreement entered into pursuant to this part 12 may contain such terms, provisions, and conditions as the executive director of the leasing state department or the governing board of the leasing institution may deem appropriate. Any lease agreement entered into pursuant to this part 12 shall comply with the requirements of section 24-82-801.

(2)As used in this section:

(a)Certificate of participation means any certificate evidencing a participation right of a proportionate interest in any financing agreement or the right to receive proportionate payments from the state or an agency due under any financing agreement.

(b)Financed purchase of an asset means a financing agreement that

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(1) A lease
agreement, financed purchase of an asset agreement, or certificate of participation
agreement entered into pursuant to this part 12 may contain such terms, provisions,
and conditions as the executive director of the leasing state department or the
governing board of the leasing institution may deem appropriate. Any lease
agreement entered into pursuant to this part 12 shall comply with the requirements
of section 24-82-801.

(2) As used in this section:

(a) Certificate of participation means any certificate evidencing a
participation right of a proportionate interest in any financing agreement or the
right to receive proportionate payments from the state or an agency due under any
financing agreement.

(b) Financed purchase of an asset means a financing agreement that
includes the purchase of an asset.

Legislative History

Source: L. 2005: Entire part added, p. 1335, � 1, effective June 3. L. 2009: Entire section amended, (HB 09-1218), ch. 132, p. 573, � 7, effective July 1. L. 2021: Entire section amended, (HB 21-1316), ch. 325, p. 2047, � 60, effective July 1.