Colorado § 24-17-203 - Definitions.
Full text of Colorado Colorado Revised Statutes § 24-17-203 — Definitions., with citation guidance and answers to common questions.
§ 24-17-203. Definitions.
As used in this part 2, unless the context otherwise requires:
(1) "Contingency-based contract" means a contract entered into by a state agency and a vendor for services that:
(a) Requires all or part of the vendor's compensation to be computed by multiplying a stated percentage times the amount of measurable savings in the state agency's expenditures or costs of operation that are demonstrably attributable to the vendor's services under the contract; and
(b) Is entered into without the authority of a state statute that specifically authorizes the agency to enter into such a contract.
(2) "Office" means the office of state planning and budgeting created in section 24-37-102.
Source: L. 2004: Entire part added, p. 1125, § 1, effective May 27.
Frequently Asked Questions About Colorado § 24-17-203
What does Colorado Revised Statutes § 24-17-203 cover?
Section 24-17-203 ("Definitions.") 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 § 24-17-203?
A common citation format is "Colorado Revised Statutes § 24-17-203" (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 § 24-17-203 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.