Colorado Revised Statutes Title 43. Transportation § 43-4-1503. Fuels impact enterprise--creation--powers and duties

(1)(a) The fuels impact enterprise is created in the department. The enterprise is and operates as a government-owned business within the department in order to execute its business purposes as specified in subsection (2) of this section by exercising the powers and performing the duties and functions set forth in this section.

(b) The enterprise is a type2 entity, as defined in section 24-1-105, and exercises its powers and performs its duties and functions under the department. The governing board of the enterprise is made up of the transportation commission created in section 43-1-106(1).

(a) Impose a fuels impact reduction fee as authorized by section 43-4-1505 (1);

(b) Issue grants as authorized by the fuels impact reduction grant program created in section 43-4-1506; and

(c) Issue revenue bonds payable from fuels impact reduction fee revenue and other available money of the enterprise.

(a) To provide services as set forth in section 43-4-1506; and

(b) To have and exercise all rights and powers necessary or incidental to or implied from the specific powers and duties granted by this section.