Colorado § 24-82-1005 - Liability not created by leveraged leasing agreement - indemnification agreements.
Full text of Colorado Colorado Revised Statutes § 24-82-1005 — Liability not created by leveraged leasing agreement - indemnification agreements., with citation guidance and answers to common questions.
§ 24-82-1005. Liability not created by leveraged leasing agreement - indemnification agreements.
(1) The lease of a qualified state capital asset by the state to a private person and the sublease of the asset back to the state by the private person pursuant to a leveraged leasing agreement shall not cause the private person to whom the qualified state capital asset is being leased to incur any liability in any type of action by virtue of the private person's status as a lessor under the leveraged leasing agreement.
(2) As part of a leveraged leasing agreement, the executive director of the department of personnel, with the approval of the director of the office of state planning and budgeting, may enter into an indemnity agreement with the private person to whom the qualified state capital asset is being leased.
Source: L. 2003: Entire part added, p. 1719, § 1, effective May 14. L. 2004: Entire section amended, p. 1057, § 5, effective May 21.
PART 11
SALES OF STATE PROPERTY AND LEASE-PURCHASE AGREEMENTS
24-82-1101 to 24-82-1103. (Repealed)
Editor's note: (1) Section 24-82-1103 provided for the repeal of this part 11, effective July 1, 2006, unless the executive director of the department of personnel entered into at least one property sale agreement pursuant to this part 11. No such contract had been entered into as of July 1, 2006. (See L. 2005, p. 1337.)
(2) This part 11 was added in 2003, repealed in 2004, recreated and reenacted in 2005, and repealed in 2006. This part 11 was not amended prior to its repeal in 2006. For the text of this part 11 prior to 2006, consult the 2005 Colorado Revised Statutes.
PART 12
LEASES OF BUILDING PROJECTS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-82-1005
What does Colorado Revised Statutes § 24-82-1005 cover?
Section 24-82-1005 ("Liability not created by leveraged leasing agreement - indemnification agreements.") 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 § 24-82-1005?
A common citation format is "Colorado Revised Statutes § 24-82-1005" (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 § 24-82-1005 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.