2020 Colorado Revised Statutes
Title 29 - Government - Local
Article 11.5. Alternative Forms of Payment to Local Governments
Section 29-11.5-104. Legislative declaration - master agreements.
(1) The general assembly hereby finds and declares that it is in the best interests of all Coloradans that local governmental entities that choose to accept alternative forms of payment do so in the most consumer-oriented, cost-effective, and uniform manner possible. Accordingly, it is the intent of the general assembly to encourage local governmental entities to join with other local governmental entities in contractual arrangements with providers of alternative forms of payment or to join one or more master agreements entered into by the state treasurer pursuant to section 24-19.5-104, C.R.S.
(2) Any local governmental entity that accepts one or more alternative forms of payment for payments payable to a local governmental entity may:
Join with one or more other local governmental entities in negotiating and enteringinto one or more contracts with one or more providers of alternative forms of payment; or
Join in any master agreement entered into by the state treasurer pursuant to section24-19.5-104, C.R.S., with the approval of the state treasurer or pursuant to any rules promulgated by the state treasurer.
Source: L. 99: Entire article added, p. 430, § 2, effective August 4.
