Colorado § 23-3.1-103.5 - Enterprise status of division.
Full text of Colorado Colorado Revised Statutes § 23-3.1-103.5 — Enterprise status of division., with citation guidance and answers to common questions.
§ 23-3.1-103.5. Enterprise status of division.
(1) (a) The division shall constitute an enterprise for the purposes of section 20 of article X of the state constitution so long as the division retains the authority to issue revenue bonds and the division receives less than ten percent of its total annual revenues in grants from all Colorado state and local governments combined.
(b) and (c) (Deleted by amendment, L. 2006, p. 511, § 2, effective July 1, 2006.)
(d) Repealed.
(2) (a) As used in this section, "grant" means any direct cash subsidy or other direct contribution of money from the state or any local government in Colorado which is not required to be repaid.
(b) "Grant" does not include:
(I) Any indirect benefit conferred upon the division from the state or any local government in Colorado;
(II) Any revenues resulting from rates, fees, assessments, or other charges imposed by the division for the provision of goods or services by the division;
(III) Any federal funds, regardless of whether such federal funds pass through the state or any local government in Colorado prior to receipt by the division.
(3) Repealed.
Source: L. 93: Entire section added, p. 1827, § 11, effective June 6. L. 94: (1) amended, p. 100, § 3, effective March 18. L. 95: (3) added, p. 717, § 1, effective May 23. L. 2000: (3) repealed, p. 29, § 1, effective March 10. L. 2006: (1)(a), (1)(b), and (1)(c) amended, p. 511, § 2, effective July 1.
Editor's note: Subsection (1)(d)(II) provided for the repeal of subsection (1)(d), effective July l, 1994. (See L. 94, p. 100.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 23-3.1-103.5
What does Colorado Revised Statutes § 23-3.1-103.5 cover?
Section 23-3.1-103.5 ("Enterprise status of division.") 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 § 23-3.1-103.5?
A common citation format is "Colorado Revised Statutes § 23-3.1-103.5" (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 § 23-3.1-103.5 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
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.