Colorado § 24-94-101 Legislative declaration

Colorado Statutes

§ 24-94-101 — Legislative declaration

Colorado·Title 24 Government·Art. Public-private Partnerships for State Public Entities

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

(a)Public-private partnerships are an effective tool to leverage the expertise and resources of both the public and private sectors to accommodate multifaceted social infrastructure and operational needs;

(b)Public-private partnerships have a proven track record of enabling public projects to be completed on time and at a lower cost than either the public or private sectors are able to achieve alone;

(c)Delivering public projects through public-private partnerships is an effective model to accommodate some of our state's most pressing and foundational needs, such as increased behavioral health capacity, broadband deployment, affordable housing development, and child care services;

(d)The COVID-19 pandemic forced the c

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

(a) Public-private partnerships are an effective tool to leverage the expertise
and resources of both the public and private sectors to accommodate multifaceted
social infrastructure and operational needs;

(b) Public-private partnerships have a proven track record of enabling public
projects to be completed on time and at a lower cost than either the public or
private sectors are able to achieve alone;

(c) Delivering public projects through public-private partnerships is an
effective model to accommodate some of our state's most pressing and
foundational needs, such as increased behavioral health capacity, broadband
deployment, affordable housing development, and child care services;

(d) The COVID-19 pandemic forced the closure of many child care facilities
and classrooms, exacerbating a child care shortage that forced many parents to
compromise between work and family life; and

(e) Colorado families have long struggled with the cost of child care and it
remains one of the primary barriers to full participation in the workforce.

(2) The general assembly further finds and declares that it is the intent of
this article 94 to permit state public entities to enter into public-private
partnerships to:

(a) Develop, build, finance, operate, and maintain quality, cost-effective
public projects that provide economic and social value;

(b) Provide a well-defined and transparent process to facilitate collaboration
between state public entities and private partners while enabling access to private
capital;

(c) Bring innovative thinking and approaches to public projects;

(d) Reduce total life-cycle costs of public projects; and

(e) Allow for cost, risk, and benefit sharing between public and private
partners.

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