Colorado § 43-3-202.5 - Public-private initiatives - legislative declaration.
Full text of Colorado Colorado Revised Statutes § 43-3-202.5 — Public-private initiatives - legislative declaration., with citation guidance and answers to common questions.
§ 43-3-202.5. Public-private initiatives - legislative declaration.
(1) The general assembly hereby finds and declares that:
(a) The department of transportation is in need of funds to invest in new infrastructure projects, including turnpikes, within the state transportation system, and public-private partnerships can provide the state with a new source of capital for such projects;
(b) Privately-developed transportation projects can result in time and cost savings, risk reduction, and new tax revenues to the state; and
(c) Public-private agreements can be utilized by the state not only for the development of new turnpikes but also for the modernization and improvement of existing turnpikes.
(2) The department of transportation may enter into public-private initiatives pursuant to part 12 of article 1 of this title for the following purposes:
(a) To design, finance, construct, and operate a new turnpike project within the state; or
(b) To improve an existing turnpike project in the state by modernizing, upgrading, expanding, or maintaining an existing turnpike facility.
(3) (a) The department of transportation is authorized to solicit and consider proposals, enter into agreements, grant public benefits, and accept contributions for public-private initiatives pursuant to part 12 of article 1 of this title concerning the purposes set forth in subsection (2) of this section.
(b) As used in this subsection (3), "public benefit" has the same meaning as set forth in section 43-1-1201 (2).
(4) A public-private initiative under this section shall include a provision that the public or private entity shall secure and maintain liability insurance coverage during the construction and improvement of any turnpike project in amounts appropriate to protect a project's viability.
Source: L. 96: Entire section added, p. 462, § 2, effective April 23. L. 2007: (3)(a) amended, p. 2051, § 105, effective June 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 43-3-202.5
What does Colorado Revised Statutes § 43-3-202.5 cover?
Section 43-3-202.5 ("Public-private initiatives - legislative declaration.") 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 § 43-3-202.5?
A common citation format is "Colorado Revised Statutes § 43-3-202.5" (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 § 43-3-202.5 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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