Colorado § 43-1-123 - Project closure and project reporting requirements.
Full text of Colorado Colorado Revised Statutes § 43-1-123 — Project closure and project reporting requirements., with citation guidance and answers to common questions.
§ 43-1-123. Project closure and project reporting requirements.
(1) The department shall close each transportation project and release any money budgeted for the project as quickly as feasible and within one year following the substantial completion of the project unless a pending legal claim relating to the project or an unusual circumstance beyond the control of the department unavoidably requires a longer time to close the project.
(2) Notwithstanding any other provision of state law, for transportation projects for which the department awards a competitively bid contract on or after July 1, 2016, the department shall report on its public website within thirty days of the contract award:
(a) The identity of the winning bidder;
(b) The amount of the winning bid; and
(c) Whether or not the bid awarded was the low bid, and, if not, why the department chose the bid over a lower bid.
(3) No later than November 1, 2017, and no later than November 1 of each year thereafter, the department shall report to the transportation commission regarding the percentages and total amount of money budgeted and expended during the preceding fiscal year for:
(a) Payments to private sector contractors for work on transportation projects; and
(b) Total transportation project costs for projects completed by department employees, including indirect cost recoveries and employee salaries.
(4) Repealed.
Source: L. 2016: Entire section added, (SB 16-122), ch. 91, p. 255, § 2, effective April 14. L. 2017: (4) amended, (SB 17-294), ch. 264, p. 1417, § 114, effective May 25; (4) amended, (SB 17-231), ch. 174, p. 634, § 3, effective August 9.
Editor's note: (1) Amendments to subsection (4) by SB 17-231 and SB 17-294 were harmonized.
(2) Subsection (4)(b) provided for the repeal of subsection (4), effective July 2, 2019. (See L. 2017, p. 634.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 43-1-123
What does Colorado Revised Statutes § 43-1-123 cover?
Section 43-1-123 ("Project closure and project reporting requirements.") 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 § 43-1-123?
A common citation format is "Colorado Revised Statutes § 43-1-123" (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 § 43-1-123 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.