Colorado § 43-1-212 Department - rental agreements

Colorado Statutes

§ 43-1-212 — Department - rental agreements

Colorado·Title 43 Transportation·Art. General and Administrative

The department of
transportation is authorized to enter into rental or leasehold agreements under
which the department shall acquire title to such buildings within a period not
exceeding thirty years upon payment of the stipulated aggregate annual rentals.
The plans, specifications, bids, and contracts for such buildings and the terms of all
such rental or leasehold agreements shall be approved by the governor, the chief
engineer, a majority of the members of the commission, and the director of the
office of state planning and budgeting. The rentals shall be paid solely out of the
state highway fund, and the obligation to pay such rentals shall not constitute an
indebtedness of the state or be paid out of any other fund. Such rental shall be
included in the annual budgets of the 

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The department of
transportation is authorized to enter into rental or leasehold agreements under
which the department shall acquire title to such buildings within a period not
exceeding thirty years upon payment of the stipulated aggregate annual rentals.
The plans, specifications, bids, and contracts for such buildings and the terms of all
such rental or leasehold agreements shall be approved by the governor, the chief
engineer, a majority of the members of the commission, and the director of the
office of state planning and budgeting. The rentals shall be paid solely out of the
state highway fund, and the obligation to pay such rentals shall not constitute an
indebtedness of the state or be paid out of any other fund. Such rental shall be
included in the annual budgets of the department and shall be certified, audited,
and paid in the same manner as all other accounts and expenditures payable out of
said state highway fund.

Colorado § 43-1-212 (Department - rental agreements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 51: p. 733, � 2. CSA: C. 143, � 176. CRS 53: � 120-3-12. C.R.S. 1963: � 120-3-12. L. 75: Entire section amended, p. 822, � 20, effective July 18. L. 83: Entire section amended, p. 970, � 25, effective July 1, 1984. L. 91: Entire section amended, p. 1093, � 110, effective July 1.