Colorado § 24-82-1301 - Legislative declaration.
Full text of Colorado Colorado Revised Statutes § 24-82-1301 — Legislative declaration., with citation guidance and answers to common questions.
§ 24-82-1301. Legislative declaration.
(1) The general assembly hereby finds and declares that:
(a) Due to insufficient funding, necessary high-priority state highway projects and state capital construction projects, including projects at state institutions of higher education, in all areas of the state have been delayed, and the state has also delayed critical controlled maintenance and upkeep of state capital assets;
(b) By issuing financed purchase of an asset or certificate of participation agreements using state buildings as collateral as authorized by this part 13, the state can generate sufficient funds to accelerate the completion of many of the necessary high-priority state highway projects and capital construction projects that have been delayed and better maintain and preserve existing state capital assets;
(c) It is the intent of the general assembly that a majority of the additional funding for state capital construction projects realized from issuing financed purchase of an asset or certificate of participation agreements be used for controlled maintenance and upkeep of state capital assets.
Source: L. 2017: Entire part added, (SB 17-267), ch. 267, p. 1442, § 12, effective May 30. L. 2021: (1)(b) and (1)(c) amended, (HB 21-1316), ch. 325, p. 2047, § 61, effective July 1.
Frequently Asked Questions About Colorado § 24-82-1301
What does Colorado Revised Statutes § 24-82-1301 cover?
Section 24-82-1301 ("Legislative declaration.") 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 § 24-82-1301?
A common citation format is "Colorado Revised Statutes § 24-82-1301" (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 § 24-82-1301 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.