Colorado § 30-31-116 - Regional tourism projects.
Full text of Colorado Colorado Revised Statutes § 30-31-116 — Regional tourism projects., with citation guidance and answers to common questions.
§ 30-31-116. Regional tourism projects.
(1) A county revitalization authority that is designated as a financing entity pursuant to part 3 of article 46 of title 24, has all the powers necessary or convenient to carry out and effectuate the purposes and provisions of part 3 of article 46 of title 24, including the power to receive state sales tax increment revenue generated within an approved regional tourism zone, as defined in section 24-46-303 (11), and to disburse and otherwise utilize such revenue for all lawful purposes, including financing eligible costs and the design, construction, maintenance, and operation of eligible improvements, as such terms are defined in section 24-46-303 or otherwise incorporated into the commission's conditions of approval.
(2) Notwithstanding section 30-31-109 (8), authorization to receive state sales tax increment revenue pursuant to part 3 of article 46 of title 24, is a material modification to the plan, and corresponding changes to the plan may be made by the governing body of the authority to incorporate the use of state sales tax increment revenue without the requirement of submission to or approval by the governing body of the county that has established the authority.
(3) Any county revitalization authority that receives state sales tax increment revenue, whether pursuant to designation as a financing entity pursuant to part 3 of article 46 of title 24, or pursuant to a contract entered into with any such financing entity, shall not use the state sales tax increment revenue to acquire property through the exercise of eminent domain.
(4) Nothing in this section eliminates the requirements for the authorization of a new county revitalization authority pursuant to this article 31.
Source: L. 2024: Entire article added, (HB 24-1172), ch. 387, p. 2672, § 1, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 30-31-116
What does Colorado Revised Statutes § 30-31-116 cover?
Section 30-31-116 ("Regional tourism projects.") 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 § 30-31-116?
A common citation format is "Colorado Revised Statutes § 30-31-116" (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 § 30-31-116 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.