The study of the nature and regulation of public property in Colombian law has been influenced by the classic Civil Code distinction on the matter. This article tries to prove that this distinction has been surpassed by the reality of the legislative development and by the need to give these assets a more efficient management. Thus, the dual distinction of two sorts of public assets is no longer useful to analyze Colombian law, in which there are several categories of public assets as well as several public interest uses of those assets, their regulation is based on the need to protect general interests.