Colorado Statutes
§ 38-13-1204 — Interest and penalty for failure to act in timely manner
(1)A
holder that fails to report, pay, or deliver property within the time prescribed by this
article 13 shall pay to the administrator interest at the annual rate specified in
section 39-21-110.5 on the property or value of the property from the date the
property should have been reported, paid, or delivered to the administrator until the
date reported, paid, or delivered.
(2)Except as otherwise provided in section 38-13-1205 or 38-13-1206, the
administrator may require a holder that fails to report, pay, or deliver property
within the time prescribed by this article 13 to pay to the administrator, in addition
to interest included under subsection (1) of this section, a civil penalty of two
hundred dollars for each day the duty is not performed, up to a cumulative
maximum amo
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Legislative History
Source: L. 2019: Entire article R&RE, (SB 19-088), ch. 110, p. 454, � 1,
effective July 1, 2020.
Nearby Sections
15
§ 38-1-101.5
Necessity of taking land for pipelines§ 38-1-101.7
Limitations on the use of right-of-way§ 38-1-102
Petition - contents - parties§ 38-1-103
Summons - return - publication§ 38-1-104
Trial - amendments - rules§ 38-1-106
Jury§ 38-1-108
Order of possession§ 38-1-109
Intervention - cross petition§ 38-1-110
Appellate review§ 38-1-111
Possession pending appeal§ 38-1-112
Payment to clerk or owner§ 38-1-113
Verdict recorded§ 38-1-115
Contents of report or verdict