Colorado § 31-25-117 - Transit investment areas - definition.
Full text of Colorado Colorado Revised Statutes § 31-25-117 — Transit investment areas - definition., with citation guidance and answers to common questions.
§ 31-25-117. Transit investment areas - definition.
(1) An urban renewal authority that is designated as a financing entity pursuant to part 4 of article 46 of title 24 has all of the powers necessary or convenient to carry out part 4 of article 46 of title 24, including the powers to receive state sales tax increment revenue generated within an approved transit investment area, as defined in section 24-46-402 (20), and disburse and otherwise use such revenue for all lawful purposes, including financing of eligible costs and the design, construction, maintenance, and operation of eligible improvements, as such terms are defined in section 24-46-402, or otherwise incorporated into the Colorado economic development commission's conditions of approval.
(2) Notwithstanding section 31-25-107 (7), authorization to receive state sales tax increment revenue, pursuant to part 4 of article 46 of title 24, is not a substantial 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 a municipality that has established the authority pursuant to section 31-25-104 (1).
(3) An urban renewal authority that receives state sales tax increment revenue, whether pursuant to designation as a financing entity pursuant to part 4 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 obviates or overrides the requirements for the authorization of a new urban renewal authority under this part 1.
(5) As used in this section, unless the context otherwise requires, "state sales tax increment revenue" has the meaning set forth in section 24-46-402 (17).
Source: L. 2026: Entire section added, (HB 26-1065), ch. 157, p. 921, § 7, effective May 27.
Cross references: For the legislative declaration in HB 26-1065, see section 1 of chapter 157, Session Laws of Colorado 2026.
PART 2
PARKS - CITIES
Cross references: For recreational facilities districts, see article 7 of title 29.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-25-117
What does Colorado Revised Statutes § 31-25-117 cover?
Section 31-25-117 ("Transit investment areas - definition.") 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 § 31-25-117?
A common citation format is "Colorado Revised Statutes § 31-25-117" (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 § 31-25-117 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.