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Home » US Law » 2022 Colorado Code » Title 24 - Government - State » Article 16 - Public Works Fiscal Responsibility Accounting Act of 1981

§ 24-16-101. Short Title

This article shall be known and may be cited as the “Public Works Fiscal Responsibility Accounting Act of 1981”. Source: L. 81: Entire article added, p. 1154, § 1, effective July 1.

§ 24-16-102. Legislative Declaration

The general assembly hereby finds, determines, and declares that there is a present need for information concerning the true cost of government public work projects which are performed in whole or in part by employees of or use of equipment, machinery, or materials owned by the state of Colorado. Source: L. 81: Entire article added, […]

§ 24-16-103. Definitions

As used in this article, unless the context otherwise requires: “Agency of government” means any state agency, department, division, board, bureau, commission, institution, or section which is a budgetary unit exercising purchasing authority or discretion. “Contract” means any agreement for public works for a fixed or determinable amount duly awarded after advertisement and competitive bid. […]

§ 24-16-105. Account and Record of Costs

Whenever an agency of government undertakes any public work project by any means or method other than by contract, it shall cause to be kept and preserved a full, true, and accurate record of the cost of such project. Such records shall be kept and maintained by a responsible official on behalf of the responsible […]

§ 24-16-106. Rules and Regulations

On or after July 1, 1981, but before January 1, 1982, the department of personnel shall promulgate rules and regulations which are designed to implement the provisions of this article. In promulgating such rules and regulations, the controller may seek the advice of the advisory committee on governmental accounting appointed pursuant to section 29-1-503, C.R.S., […]

§ 24-16-107. Audit

If any agency of government is alleged to be in violation of or in material noncompliance with this article 16 or the rules promulgated by the office of the state controller, the legislative audit committee must be advised, in writing, of the activities alleged to be in violation or noncompliance. The legislative audit committee shall […]