Colorado § 37-95-116 - Annual report - annual audit - annual budget.
Full text of Colorado Colorado Revised Statutes § 37-95-116 — Annual report - annual audit - annual budget., with citation guidance and answers to common questions.
§ 37-95-116. Annual report - annual audit - annual budget.
(1) Notwithstanding section 24-1-136 (11)(a)(I), on or before April 30 of each year, the authority shall make an annual report of its activities for the preceding fiscal year to the governor and the joint agriculture and natural resources committee of the house of representatives and the senate. Each such report shall set forth a complete operating and financial statement covering its operations during the year. Included within such report shall be detailed financial data setting forth the manner in which any previously appropriated state funds have been used. The authority, no later than November 30 of each year, shall report to the governor any requests for state funds for the upcoming state fiscal year, detailing the purposes for which said funds are to be utilized.
(2) The authority shall cause an audit of its books and accounts to be made at least once in each year by certified public accountants, and the cost thereof shall be considered as expenses of the authority, and a copy thereof shall be filed with the state treasurer.
(3) The authority shall develop and adopt an annual administrative operating budget and submit such budget on a timely basis to each district, governmental entity, and other entity participating in projects, so as to permit such districts and entities to make necessary adjustments in their respective budgets, fees, and charges.
Source: L. 81: Entire article added, p. 1809, § 1, effective July 1. L. 83: Entire section amended, p. 1442, § 4, effective June 10. L. 98: (1) amended, p. 144, § 3, effective April 2. L. 2001: (1) amended, p. 1181, § 22, effective August 8. L. 2003: (1) amended, p. 2413, § 7, effective June 5. L. 2017: (1) amended, (HB 17-1257), ch. 254, p. 1067, § 15, effective August 9.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 37-95-116
What does Colorado Revised Statutes § 37-95-116 cover?
Section 37-95-116 ("Annual report - annual audit - annual budget.") 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 § 37-95-116?
A common citation format is "Colorado Revised Statutes § 37-95-116" (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 § 37-95-116 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.