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Current as of January 01, 2025 | Updated by Findlaw Staff
As used in this part 2, unless the context otherwise requires:
(1) “Nonprofit contribution” means the supply by a nonprofit entity of resources to accomplish all or any part of the work on a project or the implementation or administration of a program.
(2) “Nonprofit entity” means a corporation or organization authorized to do business in the state that is exempt from taxation pursuant to section 501(a) of the federal “Internal Revenue Code of 1986”, 26 U.S.C. sec. 501(a), as amended, and is listed as an exempt organization in section 501(c)(3) of the federal “Internal Revenue Code of 1986”, 26 U.S.C. sec. 501(c)(3), as amended.
(3) “Public benefit” means an agency grant of a right or interest in or concerning an agency project or program.
(4) “Public-private initiative” means a nontraditional arrangement between an agency and one or more nonprofit entities that provides for:
(a) Acceptance of a nonprofit contribution to an agency project or service in exchange for a public benefit concerning the project or service other than only a money payment;
(b) Sharing of resources and the means of providing projects or services; or
(c) Cooperation in researching, developing, and implementing projects or services.
(5) “Unsolicited proposal” means a written proposal for a public-private initiative that is submitted by a nonprofit entity for the purpose of entering into an agreement with an agency but that is not in response to a formal solicitation or request issued by the agency.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 24. Government State § 24-38-202. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/co/title-24-government-state/co-rev-st-sect-24-38-202/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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