Colorado § 24-37.7-114 - Financial and performance audits.
Full text of Colorado Colorado Revised Statutes § 24-37.7-114 — Financial and performance audits., with citation guidance and answers to common questions.
§ 24-37.7-114. Financial and performance audits.
(1) (a) If a financial audit of the authority is conducted by an independent certified public accountant pursuant to a contract with the authority, any statements, records, schedules, working papers, and memoranda prepared by the certified public accountant shall be made available to the state auditor's office and shall be kept confidential unless a majority of the members of the legislative audit committee vote to open such documents.
(b) (Deleted by amendment, L. 2011, (HB 11-1297), ch. 269, p. 1224, § 5, effective June 2, 2011.)
(2) Upon the completion of a financial or performance audit described in subsection (1) of this section or in section 2-3-103 (1)(b), C.R.S., the state auditor shall submit a written report to the legislative audit committee, together with any findings and recommendations.
(3) The cost of each such financial audit shall be paid by the authority. The cost of any such performance audit shall be paid from annual appropriations made by the general assembly to the office of the state auditor.
Source: L. 2010: Entire section added, (HB 10-1401), ch. 367, p. 1731, § 4, effective June 7. L. 2011: (1)(b) and (2) amended, (HB 11-1297), ch. 269, p. 1224, § 5, effective June 2.
ARTICLE 38
Government Efficiency
PART 1
INCENTIVES FOR BUDGET SAVINGS
24-38-101. Legislative declaration.
24-38-102. Definitions.
24-38-103. Agency authority and incentives for budget savings.
PART 2
PUBLIC-PRIVATE INITIATIVES
24-38-201. Legislative declaration.
24-38-202. Definitions.
24-38-203. Unsolicited proposals.
24-38-204. Public-private initiative agreements - cost savings.
24-38-205. Organizations banned from contract awards.
PART 3
POSTSECONDARY TALENT DEVELOPMENT SYSTEM TRANSITION ADVISORY COMMITTEE
24-38-301. Definitions.
24-38-302. Postsecondary talent development system transition advisory committee - creation - membership - transition plan.
24-38-303. Transition plan - required study by transition advisory committee.
24-38-304. Funding - in-kind donations.
24-38-305. Repeal of part.
PART 1
INCENTIVES FOR BUDGET SAVINGS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-37.7-114
What does Colorado Revised Statutes § 24-37.7-114 cover?
Section 24-37.7-114 ("Financial and performance audits.") 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 § 24-37.7-114?
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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 § 24-37.7-114 apply to my situation?
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Sources & Verification
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