# C.R.S. § 10-16-1403: 10-16-1403. Colorado prescription drug affordability review board - powers and duties - rule > Colorado · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1403 ## Section - **Citation:** C.R.S. § 10-16-1403 - **Heading:** 10-16-1403. Colorado prescription drug affordability review board - powers and duties - rule - **Jurisdiction:** Colorado - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** CO Code / Title 10 / Article 16 / Part 14 / Section 10-16-1403 ## Text 10-16-1403. Colorado prescription drug affordability review board - powers and duties - rules. (1) To protect Colorado consumers from excessive prescription drug costs, the board shall: (a) Collect and evaluate information concerning the cost of prescription drugs sold to Colorado consumers, as described in section 10-16-1405; (b) Perform affordability reviews of prescription drugs, as described in section 10-16-1406; (c) Establish upper payment limits for prescription drugs, as described in section 10-16-1407; and (d) Make policy recommendations to the general assembly to improve the affordability of prescription drugs for Colorado consumers, as described in section 10-16-1414 (1)(h). (2) The board may establish ad hoc work groups to consider matters related to the work of the board pursuant to this part 14. Ad hoc work groups may include members of the public. (3) The division, on behalf of the board, may enter into a contract with a qualified, independent third party for any service necessary to carry out the powers and duties of the board. A third party with which the division contracts pursuant to this subsection (3), including any of the third party's directors, officers, employees, contractors, or agents, shall not release or publish any information that the third party acquires pursuant to its performance under the contract. Any third party with which the division contracts pursuant to this subsection (3) shall disclose any conflict of interest to the board. (4) In carrying out its duties pursuant to this part 14, the division, when performing its duties on behalf of the board, is exempt from the state "Procurement Code", articles 101 to 112 of title 24. (5) The board shall promulgate rules as necessary, pursuant to article 4 of title 24, for the implementation of this part 14. (6) (a) The division, on behalf of the board, may seek, accept, and expend gifts, grants, and donations from private or public sources for the purposes of this part 14, and any such gifts, grants, and donations are continuously appropriated to the department of regulatory agencies; except that the division shall not accept any gift, grant, or donation that creates a conflict of interest or the appearance of any conflict of interest for any board member. (b) The general assembly finds that the implementation of this part 14 does not rely entirely on the receipt of adequate funding through gifts, grants, or donations. Therefore, the board is not subject to the reporting requirements described in section 24-75-1303. ## Nearby sections - [C.R.S. § 10-16-1401 10-16-1401. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1401.md) - [C.R.S. § 10-16-1402 10-16-1402. Colorado prescription drug affordability review board - created - membership - t](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1402.md) - [C.R.S. § 10-16-1403 10-16-1403. Colorado prescription drug affordability review board - powers and duties - rule](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1403.md) - [C.R.S. § 10-16-1404 10-16-1404. Colorado prescription drug affordability review board meetings - required to be](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1404.md) - [C.R.S. § 10-16-1405 10-16-1405. Colorado prescription drug affordability review board - reports from carriers an](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1405.md) - [C.R.S. § 10-16-1406 10-16-1406. Colorado prescription drug affordability review board - affordability reviews of](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1406.md) - [C.R.S. § 10-16-1407 10-16-1407. Colorado prescription drug affordability review board - upper payment limits for](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1407.md) - [C.R.S. § 10-16-1408 10-16-1408. Colorado prescription drug affordability review board - judicial review](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1408.md) - [C.R.S. § 10-16-1409 10-16-1409. Colorado prescription drug affordability advisory council - created - membership](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1409.md) - [C.R.S. § 10-16-1410 10-16-1410. Use of savings - report - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1410.md) - [C.R.S. § 10-16-1411 10-16-1411. Unlawful acts - enforcement - penalties](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1411.md) - [C.R.S. § 10-16-1412 10-16-1412. Notice of withdrawal of prescription drugs with upper payment limits required -](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1412.md) - [C.R.S. § 10-16-1413 10-16-1413. Optional participating plans - notice of election to participate required](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1413.md) - [C.R.S. § 10-16-1414 10-16-1414. Reports](https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1414.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T10_A16_P14_S10-16-1403. Check the current official text before relying on it. Not legal advice.