HOUSE 2nd Reading Unamended January 20, 2004Second Regular Session Sixty-fourth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO. 04-0130.01 Jason Gelender HOUSE BILL 04-1019 HOUSE SPONSORSHIP Borodkin, McFadyen, and Stafford SENATE SPONSORSHIP Takis, and Isgar House Committees Senate Committees Transportation & Energy A BILL FOR AN ACT Concerning an increase in the maximum dollar amount of a contract that a public airport authority may execute without using a competitive bidding process that awards the contract to the lowest responsible bidder. Bill Summary (Note: This summary applies to this bill as introduced and does not necessarily reflect any amendments that may be subsequently adopted.) Transportation Legislation Review Committee. Requires a public airport authority to invite bids and award a contract for the construction of works, structures, or equipment or the performance or furnishing of labor, materials, or supplies to the lowest responsible bidder only if the value of the contract is $50,000 or more, rather than $10,000 or more as specified in existing law. Be it enacted by the General Assembly of the State of Colorado: SECTION 1. 41-3-105 (5) (h), Colorado Revised Statutes, is amended to read: 41-3-105. Board of commissioners. (5) The board, in addition to any other powers conferred by this article, has the following powers: (h) To prescribe a method of auditing and allowing or rejecting claims and demands and a method for the letting of contracts on a fair and competitive basis for the construction of works, structures, or equipment or the performance or furnishing of labor, materials, or supplies as required for the carrying out of any of the purposes of this article; but, in cases where the amount involved is ten fifty thousand dollars or more, the board shall provide for the letting of contracts to the lowest responsible bidder after publication in the official newspaper of notices inviting bids, subject to the right of said board to reject any and all proposals and to readvertise for bids as provided in this section. The procedures above described shall be subject to the approval of the board of county commissioners of any county independently creating an authority under the provisions of this article, and any action on the part of the board to raise or increase revenue from any source whatsoever for the purposes of the authority shall also be subject to such approval. The board shall be bound to carry out any action requested by the board of county commissioners. SECTION 2. Effective date - applicability. (1) This act shall take effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly that is allowed for submitting a referendum petition pursuant to article V, section 1 (3) of the state constitution (August 4, 2004, if adjournment sine die is on May 5, 2004); except that, if a referendum petition is filed against this act or an item, section, or part of this act within such period, then the act, item, section, or part, if approved by the people, shall take effect on the date of the official declaration of the vote thereon by proclamation of the governor. (2) This act shall apply to contracts executed on or after the effective date of this act.