C.R.S. Section 32-11.5-701
Budgets, accounts, audits, and construction contracting

(1)

The district shall adopt a budget for each fiscal year, shall maintain accounts, and shall cause audits to be made pertaining to the financial affairs of the district as respectively provided in the “Local Government Budget Law of Colorado”, part 1 of article 1 of title 29, C.R.S., the “Colorado Local Government Uniform Accounting Law”, part 5 of article 1 of title 29, C.R.S., and the “Colorado Local Government Audit Law”, part 6 of article 1 of title 29, C.R.S.

(2)

The district shall be subject to the provisions of article 91 of title 24, C.R.S., regarding construction contracting. In accordance with section 24-101-105 (2), C.R.S., the district may adopt all or any part of the “Procurement Code”, articles 101 to 112 of title 24, C.R.S. The district may also award contracts using an integrated project delivery method pursuant to the “Integrated Delivery Method for Special District Public Improvements Act”, part 18 of article 1 of this title.

Source: Section 32-11.5-701 — Budgets, accounts, audits, and construction contracting, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed May 26, 2025).

32–11.5–101
Short title 32–11.5–102
Legislative declaration 32–11.5–103
Definitions 32–11.5–104
Public purpose - liberal construction - sufficiency of article 32–11.5–201
Creation of district 32–11.5–202
Boundaries of district 32–11.5–203
Board of directors - general powers and delegation thereof - manner of appointment - compensation 32–11.5–204
Board - meetings - records 32–11.5–205
Powers of district 32–11.5–206
Approval of other infrastructure 32–11.5–207
Powers of public bodies 32–11.5–301
Service charges 32–11.5–401
Taxes 32–11.5–402
Bonds 32–11.5–501
Improvement districts, special assessments, and bonds - general authority of district 32–11.5–502
Initiating procedure 32–11.5–503
Combination of projects 32–11.5–504
Effect of estimates 32–11.5–505
Fixing hearing and notice 32–11.5–506
Subsequent modifications 32–11.5–507
Provisional order hearing 32–11.5–508
Post-hearing procedure 32–11.5–509
Creation of improvement district 32–11.5–510
Construction contracts 32–11.5–511
Division of tract 32–11.5–601
Annexation of lands to watershed management area 32–11.5–602
Petition of fee owners 32–11.5–603
Petition of eligible electors 32–11.5–604
Annexation election 32–11.5–605
Annexation initiated by the board 32–11.5–606
General annexation provisions 32–11.5–701
Budgets, accounts, audits, and construction contracting 32–11.5–702
No action maintainable 32–11.5–703
Early hearings 32–11.5–704
Freedom from judicial process
Green check means up to date. Up to date

Current through Fall 2025

§ 32-11.5-701’s source at colorado​.gov