Colorado § 29-1-602 Definitions

Colorado Statutes

§ 29-1-602 — Definitions

Colorado § 29-1-602

Title 29Government

Art.Budget and Services

This text of Colorado § 29-1-602 (Definitions) 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. § 29-1-602 (2026).

Text

As used in this part 6, unless the context otherwise requires:

(1)All funds and activities means all financial activities of the reporting local government as those activities are defined by generally accepted accounting principles for governments.

(2)Auditor means a certified public accountant licensed to practice in Colorado as an individual, partnership, or professional corporation pursuant to article 100 of title 12 who makes an audit and prepares a report thereon as provided in this part 6.

(3)Financial statement means a report made by a local government summarizing the results of all funds and activities of the local government for a particular period, the duration of that period to be determined by the local government.

(4)Fiscal year means the period commencing Jan

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As used in this part 6, unless the context otherwise
requires:

(1) All funds and activities means all financial activities of the reporting
local government as those activities are defined by generally accepted accounting
principles for governments.

(2) Auditor means a certified public accountant licensed to practice in
Colorado as an individual, partnership, or professional corporation pursuant to
article 100 of title 12 who makes an audit and prepares a report thereon as provided
in this part 6.

(3) Financial statement means a report made by a local government
summarizing the results of all funds and activities of the local government for a
particular period, the duration of that period to be determined by the local
government.

(4) Fiscal year means the period commencing January 1 and ending
December 31; except that, for school districts and local college districts, fiscal
year means the period commencing July 1 and ending June 30, and fiscal year
may mean the federal fiscal year for water conservancy districts which have
contracts with the federal government.

(5) (a) Local government means any authority, county, municipality, city
and county, district, or other political subdivision of the state of Colorado; any
institution, department, agency, or authority of any of the foregoing; and any other
entity, organization, or corporation formed by intergovernmental agreement or
other contract between or among any of the foregoing. Effective January 1, 1990,
the office of the county public trustee shall be deemed an agency of the county for
the purposes of this part 6.

(b) Except for purposes of sections 29-1-603, 29-1-604, and 29-1-606, local
government does not include the fire and police pension association, any county or
municipal housing authority, any public entity insurance pool formed pursuant to
state law, the Colorado sheep and wool authority, the Colorado beef council
authority, the Colorado horse development authority, the statewide internet portal
authority, or any association of political subdivisions formed pursuant to section 29-1-401.

Legislative History

Source: L. 65: p. 860, � 2. C.R.S. 1963: � 88-6-2. L. 69: p. 699, �� 1, 2. L. 89: Entire section R&RE, p. 1256, � 4, effective May 2. L. 92: (4) amended, p. 550, � 27, effective May 28. L. 93: (5)(b) amended, p. 1846, � 4, effective July 1; (5)(b) amended, p. 1856, � 5, effective July 1. L. 95: (5)(b) amended, p. 1001, � 3, effective July 1. L. 98: (5)(b) amended, p. 1262, � 9, effective June 1. L. 2007: (5)(b) amended, p. 702, � 1, effective May 3. L. 2009: (5)(b) amended, (HB 09-1024), ch. 15, p. 85, � 1, effective September 1. L. 2019: (2) amended, (HB 19-1172), ch. 136, p. 1717, � 207, effective October 1.