Colorado Revised Statutes Title 13. Courts and Court Procedure § 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   1 the adjusted limitation on damages within fourteen days after the appropriate information is available, and: