Colorado Statutes

§ 43-1-1204 — Public-private initiative agreement - definition

Colorado·Title 43 Transportation·Art. General and Administrative
(1)The department shall enter into an agreement for each public-private initiative.
(2)The department shall include terms and conditions in the agreement that it determines are appropriate in the public interest and to protect highway and traffic safety.
(3)The agreement may provide that:
(a)The private entity may pledge the transportation system project or the right-of-way involved in the transportation system project if the project or right-of-way is entirely funded by private moneys and the department determines that such a pledge is in the public interest. The private entity shall not pledge or cause a lien to be created on a transportation system project or a right-of-way involved in a transportation system project if public funds were used to purchase the project or ri

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Legislative History

Source: L. 95: Entire part added, p. 259, � 2, effective April 17. L. 98: (3) amended, p. 447, � 12, effective August 5. L. 2022: (5) amended, (SB 22-083), ch. 72, p. 369, � 1, effective August 10.

Nearby Sections

15
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