Title 32, Special Districts
0 chapters · 777 sections in this title.
Colo. Rev. Stat. § 32-22-101 Short title
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The short title of this article 22 is the Front Range Passenger Rail District Act. Source: L. 2021: Entire article added, (SB 21-238), ch. 401, p. 2656, � 1, effective June 30.
Colo. Rev. Stat. § 32-22-102 Definitions
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As used in this article 22, unless the context otherwise requires: (1) Board means the board of directors of the district. (2) Bond means any bond, note, interim certificate, contract, or other obligation of the district authorized by and issued pursuant to this article 22. (3) C…
Colo. Rev. Stat. § 32-22-105 Board of directors - powers and duties
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(1) (a) Except as otherwise specifically provided in this article 22, the board, acting by a majority vote of a quorum of its voting directors shall exercise and perform all powers, privileges, and duties vested in or imposed upon the district pursuant to this article 22. The boa…
Colo. Rev. Stat. § 32-22-106 District - general powers and duties - funds created
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(1) In addition to any other powers granted to the district by this article 22, the district has the following powers: (a) To have perpetual existence; (b) To sue and be sued; (c) (I) To enter into contracts and agreements with any person, including the United States department o…
Colo. Rev. Stat. § 32-22-107 Station area improvement districts
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With the approval of each county or municipality having jurisdiction over the area of such a district, the district may establish a station area improvement district to finance the construction, operation, or maintenance of a station for a passenger rail system. A station area im…
Colo. Rev. Stat. § 32-22-108 Bonds
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(1) The district may issue bonds for any of its corporate purposes. The district shall issue bonds pursuant to a resolution of the board, and bonds shall be payable solely out of all or a specified portion of the revenue of the district as designated by the board. (2) As provided…
Colo. Rev. Stat. § 32-22-111 Agreement of the state not to limit or alter rights of obligees
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The state hereby pledges and agrees with the holders of any bonds issued under this article 22 and with any parties who enter into contracts with the district pursuant to this article 22 that the state will not impair the rights vested in the district or the rights or obligations…
Colo. Rev. Stat. § 32-22-112 Investments
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The district may invest or deposit any money of the district in the manner provided by part 6 of article 75 of title 24. In addition, the district may direct a corporate trustee that holds district money to invest or deposit the money in investments or deposits other than those s…
Colo. Rev. Stat. § 32-22-113 Bonds eligible for investment
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All banks, trust companies, savings and loan associations, insurance companies, executors, administrators, guardians, trustees, and other fiduciaries may legally invest any money within their control in any bonds issued pursuant to this article 22. Public entities, as defined in …
Colo. Rev. Stat. § 32-22-114 Exemption from taxation - securities laws
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The income or other revenue of the district, all properties at any time owned by the district, any bonds issued by the district, and the transfer of and the income from any bonds issued by the district are exempt from all taxation and assessments in the state. In the resolution o…
Colo. Rev. Stat. § 32-22-115 No action maintainable
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An action or proceeding at law or in equity to review any acts or proceedings or to question the validity or enjoin the performance of any act or proceedings or the issuance of any bonds or for any other relief against or from any acts or proceedings done under this article 22, w…
Colo. Rev. Stat. § 32-22-117 Reporting - auditing
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(1) No later than January 31, 2024, and no later than each January 31 thereafter, the district shall publish and present at a joint meeting of the transportation and local government committee of the House of Representatives and the transportation and energy committee of the Sena…