2016 Colorado Revised Statutes
Title 13 - Courts and Court Procedure
Judgments and Executions
Article 64 - Health Care Availability Act
Part 2 - Periodic Payments of Tort Judgments
§ 13-64-201. Legislative declaration

CO Rev Stat ยง 13-64-201 (2016) What's This?

(1) The general assembly declares the purposes of enacting this part 2 are to:

(a) Alleviate the practical problems incident to the unpredictability of future losses;

(b) Effectuate more precise awards of damages for actual losses;

(c) Pay damages as the losses are found to accrue;

(d) Assure that payments of damages more nearly serve the purposes for which they are awarded;

(e) Reduce the burden on public assistance costs created by the dissipation of lump-sum payments; and

(f) Conform to the income tax policies in the federal "Internal Revenue Code of 1986" and the laws of this state with respect to compensation for personal injuries.

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