Colorado § 29-1-503 - Appointment of advisory committee - powers and duties.
Full text of Colorado Colorado Revised Statutes § 29-1-503 — Appointment of advisory committee - powers and duties., with citation guidance and answers to common questions.
§ 29-1-503. Appointment of advisory committee - powers and duties.
(1) The governor, with the advice and consent of the senate, shall appoint a six-member advisory committee on governmental accounting to assist the state auditor in formulating and prescribing a classification of accounts. The committee consists of the following members:
(a) One member who is a member of the Colorado society of certified public accountants; and
(b) Five members who are active in finance matters either as elected officials or finance officers employed by one of the following units of local government: Counties, cities and counties, cities and towns, school districts and local college districts, local improvement or special service districts, or other local entities having authority under the general laws of this state to levy taxes or impose assessments.
(2) Members shall be appointed for terms of four years; except that the terms shall be staggered so that no more than two members' terms expire in the same year.
(3) The state auditor and the controller shall be ex officio nonvoting members of the advisory committee on governmental accounting; except that the state auditor shall act as chairman of the committee and shall cast a vote only in the case of a tie.
(4) Any decision shall be adopted only upon the majority vote of the members present.
(5) (Deleted by amendment, L. 93, p. 674, § 10, effective May 1, 1993.)
Source: L. 65: p. 857, § 3. C.R.S. 1963: § 88-5-3. L. 86: (5) added, p. 423, § 51, effective March 26. L. 87: (2) amended, p. 912, § 24, effective June 15. L. 93: (5) amended, p. 674, § 10, effective May 1. L. 2017: (1) amended, (SB 17-294), ch. 264, p. 1412, § 101, effective May 25. L. 2022: (1) and (2) amended, (SB 22-013), ch. 2, p. 72, § 95, effective February 25; (1)(b) amended, (SB 22-212), ch. 421, p. 2981, § 69, effective August 10.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 29-1-503
What does Colorado Revised Statutes § 29-1-503 cover?
Section 29-1-503 ("Appointment of advisory committee - powers and duties.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 29-1-503?
A common citation format is "Colorado Revised Statutes § 29-1-503" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 29-1-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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