(1) Nothing contained in this part 2 shall prohibit a municipality and a cooperative electric association from buying, selling, or exchanging electric distribution facilities, service rights, and other rights, property, and assets by mutual agreement.
(2) Nothing in this part 2 shall impair the obligations of existing contracts.
Source: L. 86: Entire part added, p. 1161, § 1, effective May 27.
ANNOTATION
Statute reflects legislative intent to articulate and affirm state policy that a municipality may purchase the service rights and facilities of cooperative public utilities. City of Colo. Springs v. Mtn. View Elec. Ass'n, Inc., 925 P.2d 1378 (Colo. App. 1995).