Colorado § 24-109-301 - Interest.
Full text of Colorado Colorado Revised Statutes § 24-109-301 — Interest., with citation guidance and answers to common questions.
§ 24-109-301. Interest.
Except for interest payable on liability incurred by the state under section 24-30-202 (24), interest on amounts determined to be due to a contractor or to the state under this code shall accrue from the date the controversy was submitted pursuant to section 24-109-106 through the final resolution of the controversy by the procurement official or upon final determination of the executive director or adjudication of the Denver district court, whichever occurs last. Interest shall be calculated at the amount due at the rate set forth in the contract or at the rate of one percent per month, whichever is greater, until the amount is paid in full.
Source: L. 81: Entire article added, p. 1281, § 1, effective January 1, 1982. L. 2017: Entire section amended, (HB 17-1051), ch. 99, p. 344, § 49, effective August 9.
PART 4
SOLICITATIONS AND AWARDS IN VIOLATION OF THE LAW
Frequently Asked Questions About Colorado § 24-109-301
What does Colorado Revised Statutes § 24-109-301 cover?
Section 24-109-301 ("Interest.") 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 § 24-109-301?
A common citation format is "Colorado Revised Statutes § 24-109-301" (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 § 24-109-301 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.