2022 Colorado Code
Title 13 - Courts and Court Procedure
Article 21 - Damages
Part 2 - Damages for Death by Negligence
§ 13-21-203.7. Adjustments of Dollar Limitations for Effects of Inflation

1. The limitations on noneconomic damages set forth in section 13-21-203 (1)(a) and the amount of the solatium set forth in section 13-21-203.5 must be adjusted for inflation as of January 1, 1998, January 1, 2008, January 1, 2020, and each January 1 every two years thereafter. The adjustments made on January 1, 1998, January 1, 2008, January 1, 2020, and each January 1 every two years thereafter must be based on the cumulative annual adjustment for inflation for each year since the effective date of the damages limitations in sections 13-21-203 (1)(a) and 13-21-203.5. The adjustments made pursuant to this subsection (1) must be rounded upward or downward to the nearest ten-dollar increment.
2. As used in this section, "inflation" means the annual percentage change in the United States department of labor, bureau of labor statistics, consumer price index for Denver-Boulder, all items, all urban consumers, or its successor index.
3. The secretary of state shall certify the adjusted limitation on damages within fourteen days after the appropriate information is available, and:
   1. The adjusted limitation on damages is applicable to all claims for relief that accrue on or after January 1, 1998, and before January 1, 2008;
   2. The adjusted limitation on damages as of January 1, 2008, is applicable to all claims for relief that accrue on and after January 1, 2008, and before January 1, 2020; and
   3. The adjusted limitation on damages as of January 1, 2020, and each January 1 every two years thereafter is applicable to all claims for relief that accrue on and after the specified January 1 and before the January 1 two years thereafter.

Source: L. 97: Entire section added, p. 923, § 5, effective August 6. L. 2007: (1) and (3) amended, p. 330, § 4, effective July 1. L. 2019: (1) and (3) amended, (SB 19-109), ch. 83, p. 296, § 3, effective August 2.