2020 Colorado Revised Statutes
Title 29 - Government - Local
Article 11.5. Alternative Forms of Payment to Local Governments
Section 29-11.5-102. Acceptance of alternative forms of payment for the payment of moneys payable to local governments - allocation of costs.
(1) Any local governmental entity responsible for the collection of moneys payable to a local governmental entity may accept one or more alternative forms of payment for the payment of such moneys in accordance with the provisions of this article.
(2) A collector local governmental entity that chooses to accept one or more alternative forms of payment for the payment of moneys payable to a local governmental entity that the collector local governmental entity must remit to one or more other governmental entities shall either:
Remit to such other governmental entities the gross amount of any payments madeby alternative forms of payment that the collector local governmental entity is required to remit to such other governmental entities notwithstanding the deduction of any moneys from such gross amount by any provider of alternative forms of payment pursuant to a master agreement or other agreement authorized by this article; or
Enter into an intergovernmental agreement with each such other governmental entityregarding the allocation of the costs of accepting such alternative forms of payment.
Source: L. 99: Entire article added, p. 429, § 2, effective August 4.
