Colorado § 29-1-203 Government may cooperate or contract - contents

Colorado Statutes

§ 29-1-203 — Government may cooperate or contract - contents

Colorado·Title 29 Government·Art. Budget and Services

(1)Governments may cooperate or contract with one another to provide any function, service, or facility lawfully authorized to each of the cooperating or contracting units, including the sharing of costs, the imposition of taxes, or the incurring of debt, only if such cooperation or contracts are authorized by each party thereto with the approval of its legislative body or other authority having the power to so approve. Any such contract providing for the sharing of costs or the imposition of taxes may be entered into for any period, notwithstanding any provision of law limiting the length of any financial contracts or obligations of governments.

(2)Any such contract shall set forth fully the purposes, powers, rights, obligations, and the responsibilities, financial and otherw

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(1)
Governments may cooperate or contract with one another to provide any function,
service, or facility lawfully authorized to each of the cooperating or contracting
units, including the sharing of costs, the imposition of taxes, or the incurring of
debt, only if such cooperation or contracts are authorized by each party thereto
with the approval of its legislative body or other authority having the power to so
approve. Any such contract providing for the sharing of costs or the imposition of
taxes may be entered into for any period, notwithstanding any provision of law
limiting the length of any financial contracts or obligations of governments.

(2) Any such contract shall set forth fully the purposes, powers, rights,
obligations, and the responsibilities, financial and otherwise, of the contracting
parties.

(3) Where other provisions of law provide requirements for special types of
intergovernmental contracting or cooperation, those special provisions shall
control.

(4) Any such contract may provide for the joint exercise of the function,
service, or facility, including the establishment of a separate legal entity to do so.

(5) Any separate legal entity formed pursuant to the provisions of this part 2
may make loans to any government which enters into any contract pursuant to the
provisions of this section, which loans may be secured by loan and security
agreements, leases, or any other instruments upon such terms and conditions,
including, without limitation, the terms and conditions authorized by section 31-35-402 (1)(h), C.R.S., as the board of directors of such intergovernmental entity shall
determine.

(6) The provisions of articles 10.5 and 47 of title 11, C.R.S., shall apply to
moneys of such separate legal entities.

Colorado § 29-1-203 (Government may cooperate or contract - contents) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 71: R&RE, p. 956, � 1. C.R.S. 1963: � 88-2-3. L. 88: (5) added, p. 1098, � 1, effective April 13; (6) added, p. 429, � 8, effective April 20. L. 2005: (1) amended, p. 1352, � 1, effective June 3.