Colorado § 24-54-114 - Audit.
Full text of Colorado Colorado Revised Statutes § 24-54-114 — Audit., with citation guidance and answers to common questions.
§ 24-54-114. Audit.
Every three years, the state auditor may conduct or cause to be conducted an audit of any retirement plan or system of retirement benefits established and maintained by any county in conjunction with any other county pursuant to the provisions of this article. The audit shall review the financial transactions and accounts of the plan or system, investigate the qualified status of the plan or system with the internal revenue service, and determine whether the plan or system otherwise complies with the provisions of this article. The results of the audit shall be reported to the legislative audit committee created in section 2-3-101, C.R.S., the speaker of the house of representatives, the president of the senate, and the boards of county commissioners of each county that participates in the plan or system that is the subject of the audit. The audit shall not replace the annual audit prescribed in section 29-1-603, C.R.S.
Source: L. 2003: Entire section added, p. 2505, § 1, effective June 5. L. 2005: Entire section amended, p. 363, § 9, effective April 22.
Editor's note: This section was originally numbered as 24-54-113 in Senate Bill 03-344 but has been renumbered on revision for ease of location.
Frequently Asked Questions About Colorado § 24-54-114
What does Colorado Revised Statutes § 24-54-114 cover?
Section 24-54-114 ("Audit.") 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 § 24-54-114?
A common citation format is "Colorado Revised Statutes § 24-54-114" (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 § 24-54-114 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.