As used in this part 7, unless the context otherwise requires:
(1) Commission means the transportation commission created by section 43-1-106.
(2) Department means the department of transportation created by part 1 of article 1 of this title.
(3) Executive director means the executive director of the department.
(4) Federal transportation funds means:
(a) Funds paid to the department by the United States department of transportation; and
(b) Funds paid to any political subdivision by the United States department of transportation that are subsequently paid to the department by such political subdivision.
(5) Political subdivision means any municipality, county, city and county, or other political subdivision of the state.
(6) Qualified federal aid transportation project means any project that may be financed, in whole or in part, with federal transportation funds.
(7) Repealed.
(8) State matching funds means revenues other than federal transportation funds that are credited to the state highway fund or the state highway supplementary fund in accordance with section 43-1-220 and that may be used by the department to pay the costs of any qualified federal aid transportation projects.
(9) Transportation revenue anticipation notes, revenue anticipation notes, or notes means revenue anticipation notes authorized by and issued in accordance with this part 7.
Source: L. 99: Entire part added, p. 1110, � 1, effective June 2. L. 2001: (2) amended, p. 1287, � 78, effective June 5. L. 2018: (7) repealed and (9) added, (SB 18-001), ch. 353, p. 2103, � 9, effective May 31.
Cross references: For the legislative declaration in SB 18-001, see section 1 of chapter 353, Session Laws of Colorado 2018.
43-4-703. Submission of ballot question regarding issuance of transportation revenue anticipation notes. (1) The secretary of state shall submit a ballot question to a vote of the registered electors of the state of Colorado at the statewide election to be held in November, 1999, for their approval or rejection. Each elector voting at said November election shall cast a vote as provided by law either Yes or No on the proposition: Shall state of Colorado debt be increased up to $1,700,000,000, with a maximum repayment cost of $2,300,000,000, with no increase in any taxes, for the purpose of addressing the critical, priority transportation needs in the state by financing transportation projects that qualify for federal funding through the issuance of revenue anticipation notes, and shall earnings on the proceeds of such notes constitute a voter-approved revenue change?
(2) The votes cast for the adoption or rejection of the question submitted pursuant to subsection (1) of this section shall be canvassed and the result determined in the manner provided by law for the canvassing of votes for representatives in congress.
Source: L. 99: Entire part added, p. 1110, � 1, effective June 2.
Editor's note: The ballot question specified in subsection (1) was referred to the voters on November 2, 1999, and was approved by the voters with the following vote count:
FOR: 477,982
AGAINST: 296,971