(1) The division and the commission constitute an enterprise for the purposes of section 20 of article X of the state constitution, so long as the commission retains the authority to issue revenue bonds and the division receives less than ten percent of its total annual revenues in grants, as defined in section 24-77-102(7), C.R.S., from all Colorado state and local governments combined. So long as they constitute an enterprise pursuant to this section, the division and the commission are not subject to any of the provisions of section 20 of article X of the state constitution.(2) The enterprise created pursuant to this section has all the powers and duties of the commission and the division as authorized under this title.(3) Nothing in this section limits or restricts the authority of the division to expend its revenues consistent with this title.L. 2011: Entire article added, (SB 11-208), ch. 293, p. 1377, §2, effective July 1. L. 2012: (1) and (2) amended, (HB 12-1317), ch. 248, p. 1211, § 26, effective June 4.
Colorado Legal Code