Colorado § 24-82-701 - Definitions.
Full text of Colorado Colorado Revised Statutes § 24-82-701 — Definitions., with citation guidance and answers to common questions.
§ 24-82-701. Definitions.
As used in this part 7, unless the context otherwise requires:
(1) "Additional financed purchase of an asset or certificate of participation agreement" means any transaction entered into on or after July 1, 1987, in which the state, acting by and through the department of personnel as provided by this part 7, is the lessee of real or personal property, which shall be used by the state and in which the state has an option to purchase such real or personal property.
(2) "Director" means the executive director of the department of personnel.
(3) "Existing financed purchase of an asset or certificate of participation agreement" means any financed purchase of an asset or certificate of participation agreement entered into prior to July 1, 1987, in which the state is the lessee of real or personal property which shall be used by the state and in which the state has an option to purchase such real or personal property.
(3.3) "Financed purchase of asset" means a financing agreement that includes the purchase of an asset.
(3.5) Repealed.
(4) "Master financing program" means the refinancing, revising, replacement, or consolidation of any existing or additional financed purchase of an asset or certificate of participation agreement or agreements.
(5) "State" means the state of Colorado or any department, agency, or commission thereof, including any state institution of higher education and the board of directors of the Auraria higher education center, but does not include the legislative department when acting pursuant to section 2-2-320 (2)(b), C.R.S.
Source: L. 87: Entire part added, p. 1116, § 1, effective June 20. L. 95: (1) and (2) amended, p. 660, § 87, effective July 1. L. 2009: (3.5) added, (HB 09-1218), ch. 132, p. 571, § 4, effective July 1. L. 2010: (5) amended, (HB 10-1020), ch. 111, p. 370, § 2, effective April 15. L. 2021: (1), (3), and (4) amended, (3.3) added, and (3.5) repealed, (HB 21-1316), ch. 325, p. 2034, § 48, effective July 1.
Cross references: For the legislative declaration contained in the 1995 act amending subsections (1) and (2), see section 112 of chapter 167, Session Laws of Colorado 1995.
Frequently Asked Questions About Colorado § 24-82-701
What does Colorado Revised Statutes § 24-82-701 cover?
Section 24-82-701 ("Definitions.") 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 § 24-82-701?
A common citation format is "Colorado Revised Statutes § 24-82-701" (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 § 24-82-701 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
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