§ 40-42-101. Short Title
The short title of this article 42 is the “Colorado Electric Transmission Authority Act”. Source: L. 2021: Entire article added, (SB 21-072), ch. 329, p. 2114, § 4, effective June 24.
§ 40-42-102. Definitions
As used in this article 42, unless the context otherwise requires: “Acquire” means to obtain eligible facilities by lease, construction, reconstruction, purchase, or, as authorized by section 40-42-104 (1)(p) and subject to the requirements of articles 1 to 7 of title 38, the exercise of the power of eminent domain. “Authority” means the Colorado electric […]
§ 40-42-103. Authority – Creation – Board – Open Meetings and Open Records
The Colorado electric transmission authority is hereby created as an independent public body politic and corporate. The authority is a public instrumentality, and its exercise of the powers as authorized by this article 42 is the performance of an essential public function. The authority is a political subdivision of the state, is not an agency […]
§ 40-42-104. General and Specific Powers and Duties of the Authority
Except as otherwise limited by this article 42, the authority, acting through the board, has the power to: Hold and exercise all rights, duties, privileges, immunities, liabilities, and disabilities of a body corporate and a political subdivision of the state; Have an official seal and alter the seal at the board’s pleasure; Establish reasonable administrative […]
§ 40-42-105. Electric Transmission Bonds – Conditions of Issuance – Electric Transmission Bonding Fund Creation – Auditor Examination – Payment From Bonding Fund – Exemption From Taxation
The authority may issue and sell electric transmission bonds, payable solely from the electric transmission bonding fund, in compliance with this article 42 for the purpose of entering into a project when the authority determines that the project is needed. This article 42 is, without reference to any other law, full authority for the issuance […]
§ 40-42-106. Electric Transmission Authority Operational Fund – Creation
The electric transmission authority operational fund is created in the authority. The operational fund consists of money transferred to the operational fund pursuant to section 40-42-105 (4), any other money that the authority may transfer to the operational fund, and interest and income derived from the deposit and investment of money in the operational fund. […]
§ 40-42-107. Labor Standards – Apprenticeship – Supervision
The authority shall ensure that, in any construction, expansion, or maintenance of facilities undertaken in Colorado pursuant to this article 42, all labor is performed either by the employees of an electric utility or by qualified contractors, or both, and that, except as otherwise provided in subsection (3) of this section, an electric utility not […]
§ 40-42-108. Report to General Assembly
Commencing in 2022, the authority shall submit a report of its activities to the energy and environment committee of the house of representatives and the transportation and energy committee of the senate, or any successor committees, not later than December 1 of each year. The report shall set forth a complete operating and financial statement […]