Colorado § 32-11.5-701 - Budgets, accounts, audits, and construction contracting.
Full text of Colorado Colorado Revised Statutes § 32-11.5-701 — Budgets, accounts, audits, and construction contracting., with citation guidance and answers to common questions.
§ 32-11.5-701. Budgets, accounts, audits, and construction contracting.
(1) The district shall adopt a budget for each fiscal year, shall maintain accounts, and shall cause audits to be made pertaining to the financial affairs of the district as respectively provided in the "Local Government Budget Law of Colorado", part 1 of article 1 of title 29, C.R.S., the "Colorado Local Government Uniform Accounting Law", part 5 of article 1 of title 29, C.R.S., and the "Colorado Local Government Audit Law", part 6 of article 1 of title 29, C.R.S.
(2) The district shall be subject to the provisions of article 91 of title 24, C.R.S., regarding construction contracting. In accordance with section 24-101-105 (2), C.R.S., the district may adopt all or any part of the "Procurement Code", articles 101 to 112 of title 24, C.R.S. The district may also award contracts using an integrated project delivery method pursuant to the "Integrated Delivery Method for Special District Public Improvements Act", part 18 of article 1 of this title.
Source: L. 2009: Entire article added, (SB 09-141), ch. 194, p. 875, § 1, effective April 30.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 32-11.5-701
What does Colorado Revised Statutes § 32-11.5-701 cover?
Section 32-11.5-701 ("Budgets, accounts, audits, and construction contracting.") 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 § 32-11.5-701?
A common citation format is "Colorado Revised Statutes § 32-11.5-701" (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 § 32-11.5-701 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
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.