Title 29, Government - Local
0 chapters · 492 sections in this title.
Colo. Rev. Stat. § 29-23-101 Short title
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This article shall be known and may be cited as the Pueblo Depot Activity Development Authority Act. Source: L. 94: Entire article added, p. 954, � 1, effective April 28.
Colo. Rev. Stat. § 29-23-102 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) Changes in the world's political, social, and economic policies have resulted in changes in the military needs of the United States; (b) Congress has ordered that certain military installations be closed or realigned pu…
Colo. Rev. Stat. § 29-23-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Authority means the Pueblo depot activity development authority created by this article. (2) Board means the board of directors of the Pueblo depot activity development authority. (3) Bond means any bond, note, i…
Colo. Rev. Stat. § 29-23-104 Authority - creation
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There is hereby created the Pueblo depot activity development authority which shall be a body corporate and politic and a political subdivision of the state. The authority shall not be an agency of state government. The authority shall have perpetual existence and succession. Sou…
Colo. Rev. Stat. § 29-23-105 Boundaries of the authority - inclusion - exclusion
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(1) The area comprising the authority shall consist of: Township 19 South, Range 62 West of the 6th P.M., Pueblo County Section 32 through 36: All Section 31: Lots 1, 2, 3, and 4, E1/2 NW1/4 and S1/2 Township 20 South, Range 62 West of the 6th P.M., Pueblo County Section 1 throug…
Colo. Rev. Stat. § 29-23-106 Board of directors - membership
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(1) The authority shall be governed by a board of directors which shall consist of seven members. Three members shall be appointed by the Pueblo county board of county commissioners, three members shall be appointed by the city council of the city of Pueblo, and one shall be join…
Colo. Rev. Stat. § 29-23-107 Board of directors - organization
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(1) The member appointed jointly by the Pueblo county board of county commissioners and the city council of the city of Pueblo shall call and convene the initial organizational meeting of the board and shall serve as the initial chair. At such meeting, the board shall adopt, and …
Colo. Rev. Stat. § 29-23-108 Board of directors - powers and duties
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(1) The board shall have the power to promote the reuse and development of the Pueblo depot activity for the benefit of the community and the state. (2) In addition to any other powers specifically granted to the board in this article, the board has the following powers and dutie…
Colo. Rev. Stat. § 29-23-109 Annual report
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The authority shall, in addition to any other required audit or reporting requirements, present an annual written program and financial report to the Pueblo county board of county commissioners and the city council of the city of Pueblo no later than ninety days after the close o…
Colo. Rev. Stat. § 29-23-110 Bonds
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(1) The authority may, from time to time, issue bonds for any of its corporate purposes. The bonds shall be issued pursuant to resolution of the board and shall be payable solely out of all or a specified portion of the revenues of the authority as designated by the board. (2) Bo…
Colo. Rev. Stat. § 29-23-111 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 and with those parties who enter into contract with the authority that the state will not limit, alter, restrict, or impair the rights vested in the authority or the rights or obligations …
Colo. Rev. Stat. § 29-23-112 Investments
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The authority may invest or deposit any funds in the manner provided by part 6 of article 75 of title 24, C.R.S. In addition, the authority may direct a corporate trustee which holds funds of the authority to invest or deposit such funds in investments or deposits other than thos…
Colo. Rev. Stat. § 29-23-113 Bonds eligible for investment
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All banks, trust companies, savings and loan associations, insurance companies, executors, administrators, guardian trustees, and other fiduciaries may legally invest any moneys within their control in any bonds issued under this article. Public entities, as defined in section 24…
Colo. Rev. Stat. § 29-23-114 Exemption from taxation - securities laws
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The income or other revenues of the authority, all property interests of the authority, any bonds issued by the authority, and the transfer of and the income from any bonds issued by the authority shall be exempt from all taxation and assessments of the state. Bonds issued by the…
Colo. Rev. Stat. § 29-23-115 Limitation of actions
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An action or proceeding, at law or in equity, to question the validity or enjoin the performance of any act or proceeding relating to the issuance of any bond of the authority shall be barred unless commenced within thirty days after the performance of the act or the effective da…