Colorado § 29-1-506 Continuing inventory

Colorado Statutes

§ 29-1-506 — Continuing inventory

Colorado § 29-1-506

Title 29Government

Art.Budget and Services

This text of Colorado § 29-1-506 (Continuing inventory) 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. § 29-1-506 (2026).

Text

(1)The governing body of each local government shall make or cause to be made an annual inventory of property, both real and personal, belonging to such political subdivision; except that an inventory shall be required only with respect to items of property having an original cost that equals or exceeds an amount established by the governing body of each local government, unless such items having a value of less than the amount established by such governing body are required to be inventoried by directive of the state auditor. In no event shall the amount established by the governing body of any local government pursuant to this subsection (1) exceed the amount specified in rules promulgated by the state controller pursuant to section 24-30-202, C.R.S., regarding inventory accou

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(1) The governing body of each local
government shall make or cause to be made an annual inventory of property, both
real and personal, belonging to such political subdivision; except that an inventory
shall be required only with respect to items of property having an original cost that
equals or exceeds an amount established by the governing body of each local
government, unless such items having a value of less than the amount established
by such governing body are required to be inventoried by directive of the state
auditor. In no event shall the amount established by the governing body of any local
government pursuant to this subsection (1) exceed the amount specified in rules
promulgated by the state controller pursuant to section 24-30-202, C.R.S.,
regarding inventory accounts for items of state property.

(2) Repealed.

Legislative History

Source: L. 69: p. 698, � 1. C.R.S. 1963: � 88-5-6. L. 75: Entire section amended, p. 707, � 7, effective July 14. L. 88: Entire section amended, p. 821, � 31, effective May 24. L. 89: (1) amended and (2) repealed, pp. 1259, 1260, �� 10, 11, effective May 3. L. 98: (1) amended, p. 140, � 2, effective August 5.