Colorado § 24-82-1301 Legislative declaration

Colorado Statutes

§ 24-82-1301 — Legislative declaration

Colorado § 24-82-1301

Title 24Government

Art.State Property

This text of Colorado § 24-82-1301 (Legislative declaration) 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. § 24-82-1301 (2026).

Text

(1)The general assembly hereby finds and declares that:

(a)Due to insufficient funding, necessary high-priority state highway projects and state capital construction projects, including projects at state institutions of higher education, in all areas of the state have been delayed, and the state has also delayed critical controlled maintenance and upkeep of state capital assets;

(b)By issuing financed purchase of an asset or certificate of participation agreements using state buildings as collateral as authorized by this part 13, the state can generate sufficient funds to accelerate the completion of many of the necessary high-priority state highway projects and capital construction projects that have been delayed and better maintain and preserve existing state capital asset

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(1) The general assembly hereby finds
and declares that:

(a) Due to insufficient funding, necessary high-priority state highway
projects and state capital construction projects, including projects at state
institutions of higher education, in all areas of the state have been delayed, and the
state has also delayed critical controlled maintenance and upkeep of state capital
assets;

(b) By issuing financed purchase of an asset or certificate of participation
agreements using state buildings as collateral as authorized by this part 13, the
state can generate sufficient funds to accelerate the completion of many of the
necessary high-priority state highway projects and capital construction projects
that have been delayed and better maintain and preserve existing state capital
assets;

(c) It is the intent of the general assembly that a majority of the additional
funding for state capital construction projects realized from issuing financed
purchase of an asset or certificate of participation agreements be used for
controlled maintenance and upkeep of state capital assets.

Legislative History

Source: L. 2017: Entire part added, (SB 17-267), ch. 267, p. 1442, � 12, effective May 30. L. 2021: (1)(b) and (1)(c) amended, (HB 21-1316), ch. 325, p. 2047, � 61, effective July 1.