- No public servant shall, directly or indirectly, require or direct a bidder on any public building or construction contract which is about to be or has been competitively bid to obtain from a particular insurer, agent, or broker any surety bond or contract of insurance required in such bid or contract or required by any law, ordinance, or regulation.
- [ Editor’s note: This version of subsection (2) is effective until March 1, 2022.] Any such public servant who violates any of the provisions of subsection (1) of this section commits a class 1 petty offense.
(2) [ Editor’s note: This version of subsection (2) is effective March 1, 2022. ] Any such public servant who violates any of the provisions of subsection (1) of this section commits a civil infraction.
- Any provisions in invitations to bid or in any contract documents prohibited by this section are declared void as against the public policy of this state.
- Nothing in this section shall be construed to prevent any such public servant acting on behalf of the government from exercising the right to approve or reject a surety bond or contract of insurance as to its form or sufficiency or the lack of financial capability of an insurer selected by a bidder.
- This section shall apply only to contracts entered into on or after July 1, 1977.
Source: L. 77: Entire section added, p. 989, § 1, effective May 26. L. 2021: (2) amended, (SB 21-271), ch. 462, p. 3200, § 299, effective March 1, 2022.
Editor’s note: Section 803(2) of chapter 462 (SB 21-271), Session Laws of Colorado 2021, provides that the act changing this section applies to offenses committed on or after March 1, 2022.