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Colo. Rev. Stat. § 11-10.5-101 Short title
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This article shall be known and may be cited as the "Public Deposit Protection Act". Source: L. 89: Entire article R&RE, p. 593, § 1, effective September 1.
Colo. Rev. Stat. § 11-10.5-102 Legislative declaration
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(1) The general assembly hereby declares that the purpose of this article is to serve the taxpayers and the citizens of Colorado by establishing standards and procedures to ensure the preservation and protection of all public funds held on deposit by a bank that are either not in…
Colo. Rev. Stat. § 11-10.5-103 Definitions
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As used in this article, unless the context otherwise requires: (1) "Aggregate uninsured public deposits" means the total amount of cash, checks, or drafts on deposit at the close of a business day for credit to the official custodian accounts in an eligible public depository, an…
Colo. Rev. Stat. § 11-10.5-104 Applicability of article
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The provisions of this article shall apply to all banks which elect to become eligible public depositories. No bank shall hold any public funds unless such bank has been designated as an eligible public depository pursuant to the provisions of this article. Source: L. 89: Entire …