Colorado § 43-4-1503 - Fuels impact enterprise - creation - powers and duties.
Full text of Colorado Colorado Revised Statutes § 43-4-1503 — Fuels impact enterprise - creation - powers and duties., with citation guidance and answers to common questions.
§ 43-4-1503. Fuels impact enterprise - creation - powers and duties.
(1) (a) The fuels impact enterprise is created in the department. The enterprise is and operates as a government-owned business within the department in order to execute its business purposes as specified in subsection (2) of this section by exercising the powers and performing the duties and functions set forth in this section.
(b) The enterprise is a type 2 entity, as defined in section 24-1-105, and exercises its powers and performs its duties and functions under the department. The governing board of the enterprise is made up of the transportation commission created in section 43-1-106 (1).
(2) The business purposes of the enterprise are to improve the transportation of fuel in the state and monitor vehicle emissions. To allow the enterprise to accomplish these business purposes and fully exercise its powers and duties, the enterprise may:
(a) Impose a fuels impact reduction fee as authorized by section 43-4-1505;
(b) Issue grants as authorized by the fuels impact reduction grant program created in section 43-4-1506; and
(c) Issue revenue bonds payable from fuels impact reduction fee revenue and other available money of the enterprise.
(3) The enterprise constitutes an enterprise for purposes of section 20 of article X of the state constitution so long as it retains the authority to issue revenue bonds and receives less than ten percent of its total annual revenue in grants from all Colorado state and local governments combined. So long as it constitutes an enterprise pursuant to this subsection (3), the enterprise is not subject to section 20 of article X of the state constitution.
(4) In addition to any other powers and duties specified in this section, the enterprise has the following general powers and duties:
(a) To provide services as set forth in section 43-4-1506; and
(b) To have and exercise all rights and powers necessary or incidental to or implied from the specific powers and duties granted by this section.
Source: L. 2023: Entire part added, (SB 23-280), ch. 404, p. 2423, § 9, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 43-4-1503
What does Colorado Revised Statutes § 43-4-1503 cover?
Section 43-4-1503 ("Fuels impact enterprise - creation - powers and duties.") 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 § 43-4-1503?
A common citation format is "Colorado Revised Statutes § 43-4-1503" (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 § 43-4-1503 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.