Title 24, Government - State
0 chapters · 2,521 sections in this title.
Colo. Rev. Stat. § 24-117-101 Short title
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The short title of this article 117 is the Colorado BUILD Authority Act. Source: L. 2025: Entire article added, (SB 25-081), ch. 320, p. 1673, � 3, effective August 6.
Colo. Rev. Stat. § 24-117-102 Legislative declaration
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(1) The general assembly finds and declares that: (a) Colorado faces significant challenges accessing and leveraging the funding needed for critical infrastructure projects spanning from housing to water, roads to broadband, and clean energy; (b) The state acknowledges and commen…
Colo. Rev. Stat. § 24-117-103 Definitions
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As used in this article 117, unless the context otherwise requires: (1) Authority means the building urgent infrastructure and leveraging dollars authority created in this article 117. (2) Board means the board of directors of the authority. (3) Bond means any bond, note, debentu…
Colo. Rev. Stat. § 24-117-104 Building urgent infrastructure and leveraging dollars authority - creation - board of directors - meetings - records
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(1) The building urgent infrastructure and leveraging dollars authority is created as a body corporate and a political subdivision of the state. The authority is not an agency of state government and is not subject to administrative direction by any department, commission, board,…
Colo. Rev. Stat. § 24-117-105 General powers
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(1) In addition to any other powers granted to the authority in this article 117, the authority has the powers to: (a) Have the duties, privileges, immunities, rights, liabilities, and disabilities of a body corporate and political subdivision of the state; (b) Have perpetual exi…
Colo. Rev. Stat. § 24-117-106 Building urgent infrastructure and leveraging dollars bonds - conditions of issuance - building urgent infrastructure and leveraging dollars bonding fund creation - auditor examination - payment from bonding fund - exemption from taxation
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(1) The authority may issue and sell building urgent infrastructure and leveraging dollars bonds, payable solely from the building urgent infrastructure and leveraging dollars bonding fund, in compliance with this article 117. This article 117 is, without reference to any other l…
Colo. Rev. Stat. § 24-117-107 Payment of bonds - nonliability of state
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(1) Bonds issued by the authority must not constitute or become an indebtedness, a debt, or a liability of the state nor do such bonds constitute the giving, pledging, or loaning of the full faith and credit of the state. Bonds issued by the authority are payable solely from the …
Colo. Rev. Stat. § 24-117-108 The building urgent infrastructure and leveraging dollars authority operational fund - creation
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The building urgent infrastructure and leveraging dollars authority operational fund is created in the authority. The operational fund consists of money transferred to the operational fund; gifts; grants; donations; contributions from a governmental entity, not-for-profit organiz…
Colo. Rev. Stat. § 24-117-109 Exemption from taxation - securities law
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(1) The following are exempt from all taxation and assessments in Colorado: (a) The income or other revenues of the authority; (b) All properties at any time owned by the authority; (c) Any bonds, notes, or other obligations issued pursuant to this article 117 or any interest pai…
Colo. Rev. Stat. § 24-117-110 Startup costs
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For the purposes of meeting the necessary expenses of initial organization and operation, until such date as the authority otherwise derives sufficient money pursuant to this article 117, the authority or the department of the treasury may seek, accept, and expend gifts, grants, …
Colo. Rev. Stat. § 24-117-111 Investment powers of authority
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(1) The authority has the power to: (a) Invest any money held in reserve, sinking funds, capital reserve funds, or any funds not required for immediate disbursement in property or in securities in which the state treasurer may legally invest money subject to the treasurer's contr…
Colo. Rev. Stat. § 24-117-112 Infrastructure and long-term development assistance program - eligible project revolving fund - policies and procedures
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(1) The infrastructure and long-term development assistance program is created in the authority. The purpose of the program is to provide financing to eligible projects. The authority is not responsible, through the program or otherwise, for assisting in a project qualifying as a…
Colo. Rev. Stat. § 24-117-113 Report to general assembly
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Commencing in 2026, the authority shall submit a report of its activities to the governor, the capital development committee, and the transportation, housing, and local government committee of the house of representatives and the local government and housing committee of the sena…