Colo. Rev. Stat. § 13-64-201

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 13-64-201 - Legislative declaration
(1) The general assembly declares the purposes of enacting this part 2 are to:
(a) Alleviate the practical problems incident to the unpredictability of future losses;
(b) Effectuate more precise awards of damages for actual losses;
(c) Pay damages as the losses are found to accrue;
(d) Assure that payments of damages more nearly serve the purposes for which they are awarded;
(e) Reduce the burden on public assistance costs created by the dissipation of lump-sum payments; and
(f) Conform to the income tax policies in the federal "Internal Revenue Code of 1986" and the laws of this state with respect to compensation for personal injuries.

C.R.S. § 13-64-201

L. 88: Entire article added, p. 613, § 1, effective July 1.