§ 41-3-101. Short Title

This article shall be known and may be cited as the “Public Airport Authority Act”. Source: L. 65: p. 164, § 1. C.R.S. 1963: § 5-5-1.

§ 41-3-102. Legislative Declaration

The purpose of this article is to authorize the creation by cities and towns, and counties, and the state of Colorado, through their joint action, and by counties acting by independent action or jointly with the state, of airport authorities, corporate and politic, and constituting political subdivisions of the state of Colorado, for the purpose […]

§ 41-3-103. Definitions

As used in this article, unless the context otherwise requires: “Air navigation facility” means any facility, other than one owned and operated by the United States, used in, available for use in, or designed for use in aid of air navigation, including any structures, mechanisms, lights, beacons, markers, communicating systems, or other instrumentalities or devices […]

§ 41-3-104. Creation of Authorities

Any combination, or any county in this state acting independently, may create an authority that is authorized to operate an airport in this state and exercise the functions conferred by the provisions of this article, upon the issuance by the director of the division of local government in the department of local affairs of a […]

§ 41-3-105. Board of Commissioners

All powers, privileges, and duties vested in or imposed upon any authority organized pursuant to the provisions of this article shall be exercised and performed by and through the board except as otherwise provided by law; but the exercise of any and all executive, administrative, and ministerial powers may be by said board delegated and […]

§ 41-3-106. Powers of an Authority

An authority has the following powers: To have perpetual existence; To have and use a corporate seal; To sue and be sued, and be a party to suits, actions, and proceedings; To enter into contracts and agreements affecting the affairs of the authority, including, but not limited to, contracts with the United States, the state […]

§ 41-3-107. Legal Status of Authorities – Tax Exemption

An authority created pursuant to this article is hereby declared to be a political subdivision of the state, exercising essential governmental powers for a public purpose. The general assembly, therefore, finds: That no authority, or county independently creating an authority, shall be required to pay any general ad valorem taxes upon an airport or any […]

§ 41-3-108. Legal Investments and Securities

It shall be legal for any bank, trust company, banker, savings bank, or banking institution, any building and loan association, savings and loan association, investment company, and other person carrying on a banking or investment business, any insurance company, insurance association, or other person carrying on an insurance business, and any executor, administrator, trustee, or […]