Colorado § 24-82-1204 - Terms and conditions of lease agreements.
Full text of Colorado Colorado Revised Statutes § 24-82-1204 — Terms and conditions of lease agreements., with citation guidance and answers to common questions.
§ 24-82-1204. Terms and conditions of lease agreements.
(1) A lease agreement, financed purchase of an asset agreement, or certificate of participation agreement entered into pursuant to this part 12 may contain such terms, provisions, and conditions as the executive director of the leasing state department or the governing board of the leasing institution may deem appropriate. Any lease agreement entered into pursuant to this part 12 shall comply with the requirements of section 24-82-801.
(2) As used in this section:
(a) "Certificate of participation" means any certificate evidencing a participation right of a proportionate interest in any financing agreement or the right to receive proportionate payments from the state or an agency due under any financing agreement.
(b) "Financed purchase of an asset" means a financing agreement that includes the purchase of an asset.
Source: L. 2005: Entire part added, p. 1335, § 1, effective June 3. L. 2009: Entire section amended, (HB 09-1218), ch. 132, p. 573, § 7, effective July 1. L. 2021: Entire section amended, (HB 21-1316), ch. 325, p. 2047, § 60, effective July 1.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-82-1204
What does Colorado Revised Statutes § 24-82-1204 cover?
Section 24-82-1204 ("Terms and conditions of lease 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 § 24-82-1204?
A common citation format is "Colorado Revised Statutes § 24-82-1204" (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 § 24-82-1204 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.