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Colo. Rev. Stat. § 24-82-1001 Legislative declaration - exclusion of proceeds of leveraged leasing agreements from fiscal year spending - voter approval not required
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(1) The general assembly hereby finds and declares that: (a) Section 20 of article X of the state constitution limits state fiscal year spending. (b) Section 20 (2)(e) of article X defines "fiscal year spending" to include all revenues and expenditures except those for refunds an…
Colo. Rev. Stat. § 24-82-1002 Definitions
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As used in this part 10, unless the context otherwise requires: (1) "Leveraged leasing agreement" means an agreement or a series of agreements between the state and a private person under which: (a) In exchange for monetary consideration paid in a lump sum when the lease closes, …
Colo. Rev. Stat. § 24-82-1003 Leveraged leasing
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(1) On and after May 14, 2003, the executive director of the department of personnel, with the approval of the director of the office of state planning and budgeting, may enter into leveraged leasing agreements on behalf of the state. (2) The executive director of the department …
Colo. Rev. Stat. § 24-82-1004 Leased assets not subject to taxation
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A qualified state capital asset that is the subject of a leveraged leasing agreement shall be treated for tax purposes as tax-exempt property owned by the state. Source: L. 2003: Entire part added, p. 1719, § 1, effective May 14.