(1) The authority has the power to cooperate with any person:
To accept contributions, loans, advances, or liens securing obligations to or of theauthority from any person with respect to the financing, construction, operation, or maintenance of a regional transportation system and, in connection with any loan or advance, to enter into contracts establishing the repayment terms;
To enter into contracts with respect to and to cooperate in the financing, construction,operation, or maintenance of a specified regional transportation system;
To enter into joint operating contracts concerning a regional transportation system;
To acquire easements or rights-of-way for a regional transportation system;
To transfer dominion over all or any portion of a regional transportation system financed, constructed, operated, or maintained by the authority to the federal government, the state government, other governmental units, or any person; and
To designate a regional transportation system as part of the federal highway system,the state highway system, a county highway system, or a municipal highway system if the person with jurisdiction over the applicable highway system consents to the designation.
Source: L. 97: Entire part added, p. 494, § 1, effective August 6. L. 2005: Entire section amended, p. 1066, § 10, effective January 1, 2006.
Cross references: For the legislative declaration contained in the 2005 act amending this section, see section 1 of chapter 269, Session Laws of Colorado 2005.