C.R.S. § 17-1-201

(1) The department shall adopt rules and implement a process to issue requests for competitive proposals for the use and development of private contract prisons. (2) Notwithstanding section 24-1-136 (11)(a)(I), no later than December 1 of each fiscal year, beginning with the 1996-97 fiscal year, the executive director shall submit a report to the speaker of the house of representatives and the president of the senate concerning the status of contracts in effect, and, with respect to completed prisons, the effectiveness of each private contract prison governed by a contract with the department.