(1) (a) Any air carrier that provides intrastate air service within Colorado shall file a semiannual report with the aeronautics division regarding the on-time performance and the number of passengers denied boarding on intrastate flights by the air carrier during the six-month period covered by the report. The report shall be submitted within thirty days after the end of the six-month period covered by the report with the six-month period ending June 30 and December 31.

(b) Any air carrier that fails to file a report when due, as required by this subsection (1), and that fails to cure such failure within thirty days after notification by the division of such failure may, after notice and hearing conducted by the aeronautical board pursuant to section 24-4-105, be subject to the imposition of a monetary penalty of not less than two thousand five hundred dollars nor more than five thousand dollars for each violation. Moneys collected pursuant to this paragraph (b) shall be transmitted to the state treasurer, who shall credit the same to the aviation fund, created in section 43-10-109, C.R.S.

(c) As used in this section, unless the context otherwise requires, "air carrier" means any person undertaking by any means, directly or indirectly, to provide intrastate air transportation in aircraft with seating capacity for one hundred or fewer passengers.

(2) The report filed pursuant to subsection (1) of this section shall include the following information for each flight by the air carrier during the six-month period covered by the report that originated and terminated at points within Colorado:

(a) The air carrier and flight number;

(b) The origination point and termination point of the flight;

(c) The departure and arrival time for each scheduled operation of the flight, as published in the official airline guide, computer reservation systems, or other service publications;

(d) The scheduled departure and arrival time for each scheduled operation of the flight as listed in a computer reservation system regulated by 14 CFR part 255;

(e) The actual departure and arrival time for each operation of the flight;

(f) The date and day of the week of the scheduled flight operation;

(g) The amount of departure delay, if any, for each operation of the flight;

(h) The amount of arrival delay, if any, for each operation of the flight;

(i) The total number of passengers holding confirmed reserved space, as defined by 14 CFR 250.1, on each operation of the flight that were denied boarding involuntarily;

(j) The mechanical defects discovered and repairs made for each operation of the flight;

(k) For delayed or canceled flights, any weather conditions contributing to the delay or cancellation.