Title 25, Public Health and Environment
0 chapters · 1,375 sections in this title.
Colo. Rev. Stat. § 25-25-101 Short title
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This article shall be known and may be cited as the Colorado Health Facilities Authority Act. Source: L. 77: Entire article added, p. 1304, � 1, effective July 1.
Colo. Rev. Stat. § 25-25-102 Legislative declaration
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(1) The general assembly hereby finds and declares that, for the benefit of the people of the state of Colorado and the improvement of their health, welfare, and living conditions: (a) It is essential that the people of this state have adequate medical care and health facilities;…
Colo. Rev. Stat. § 25-25-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Authority means the Colorado health facilities authority created by this article. (2) Board means the board of directors of the authority. (3) Bond, note, bond anticipation note, or other obligation means any bon…
Colo. Rev. Stat. § 25-25-104 Colorado health facilities authority - creation - membership - appointment - terms - vacancies - removal
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(1) There is hereby created an independent public body politic and corporate to be known as the Colorado health facilities authority. Said authority is constituted a public instrumentality, and its exercise of the powers conferred by this article shall be deemed and held to be th…
Colo. Rev. Stat. § 25-25-105 Organization meeting - chair - executive director - surety bond - conflict of interest
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(1) A member of the board, designated by the governor, shall call and convene the initial organizational meeting of the board and shall serve as its chair pro tempore. At such meeting, appropriate bylaws shall be presented for adoption. The board’s bylaws may provide for the elec…
Colo. Rev. Stat. § 25-25-106 Meetings of board - quorum - expenses
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(1) Four members of the board shall constitute a quorum for the purpose of conducting business and exercising its powers. Action may be taken by the board upon the affirmative vote of at least four of its members. A vacancy in the membership of the board shall not impair the righ…
Colo. Rev. Stat. § 25-25-107 General powers of authority
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(1) In addition to any other powers granted to the authority by this article, the authority shall have the following powers: (a) To have perpetual existence and succession as a body politic and corporate; (b) To adopt and from time to time amend or repeal bylaws for the regulatio…
Colo. Rev. Stat. § 25-25-108 Acquisition of property
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The authority may, directly or by or through a participating health institution as its agent, acquire by purchase, lease, gift, devise, or otherwise such lands, structures, real or personal property, rights-of-way, franchises, easements, and other interests in lands, including la…
Colo. Rev. Stat. § 25-25-109 Notes
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The authority may issue from time to time its negotiable notes for any corporate purpose, including the payment of all or any part of the cost of any facility, and may renew from time to time any notes by the issuance of new notes, whether the notes to be renewed have or have not…
Colo. Rev. Stat. § 25-25-110 Bonds
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(1) The authority may issue from time to time its bonds in such principal amount as the authority shall determine for the purpose of financing all or a part of the cost of any health institutions or any facilities authorized by this article or for the refinancing of outstanding o…
Colo. Rev. Stat. § 25-25-111 Negotiability of bonds
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All bonds and the interest coupons applicable thereto are hereby declared and shall be construed to be negotiable instruments. Source: L. 77: Entire article added, p. 1313, � 1, effective July 1.
Colo. Rev. Stat. § 25-25-112 Security for bonds and notes
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(1) The principal of and interest on any bonds or notes issued by the authority may be secured by a pledge of, or security interest in, the revenues, rentals, and receipts out of which the same may be made payable or from other moneys available therefor and not otherwise pledged …
Colo. Rev. Stat. § 25-25-113 Personal liability
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Neither the members of the authority nor any person executing the bonds or notes shall be liable personally on bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof. Source: L. 77: Entire article added, p. 1314, � 1, effective …
Colo. Rev. Stat. § 25-25-114 Purchase
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The authority may purchase its bonds or notes out of any funds available therefor. The authority may hold, pledge, cancel, or resell such bonds or notes, subject to and in accordance with agreements with bondholders or noteholders. Source: L. 77: Entire article added, p. 1314, � …
Colo. Rev. Stat. § 25-25-115 Procedure concerning issuance of bonds
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(1) Notwithstanding any other provisions of this article, the authority may not undertake any facility authorized by this article unless, prior to the issuance of any bonds or notes, the board finds that the facility will enable or assist a health institution to fulfill its oblig…
Colo. Rev. Stat. § 25-25-116 Trust agreement to secure bonds
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(1) In the discretion of the authority, any bonds issued under this article may be secured by a trust agreement between the authority and a corporate trustee or trustees. A corporate trustee may be any trust company or bank in Colorado. If the authority determines it to be in the…
Colo. Rev. Stat. § 25-25-117 Payment of bonds - nonliability of state
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Bonds and notes issued by the authority shall not constitute or become an indebtedness, a debt, or a liability of the state, the general assembly, or any county, city, city and county, town, school district, or other subdivision of the state, or of any other political subdivision…
Colo. Rev. Stat. § 25-25-118 Exemption from taxation - securities law
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The authority is hereby declared to be a public instrumentality of the state, performing a public function for the benefit of the people of the state for the improvement of their health and living conditions. Accordingly, the income or other revenues of the authority, all propert…
Colo. Rev. Stat. § 25-25-119 Rents and charges
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A sufficient amount of the revenues derived in respect of a facility, except such part of such revenues as may be necessary to pay the cost of maintenance, repair, and operation and to provide reserves and for renewals, replacements, extensions, enlargements, and improvements as …
Colo. Rev. Stat. § 25-25-120 Fees
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(1) All expenses of the authority incurred in carrying out the provisions of this article shall be payable solely from funds provided under the authority of this article, and no liability shall be incurred by the authority beyond the moneys which are provided pursuant to this art…
Colo. Rev. Stat. § 25-25-121 Conveyance of title - release of lien
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When the principal of and interest on bonds issued by the authority to finance the cost of facilities or to refinance outstanding indebtedness of one or more participating health institutions, including any refunding bonds issued to refund and refinance such bonds, have been full…
Colo. Rev. Stat. § 25-25-122 Investment of funds
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(1) The authority may invest the proceeds from the sale of a series of bonds or any funds related to the series in securities and other investments as may be provided in the proceedings under which the series of bonds are authorized to be issued, whether or not the investment or …
Colo. Rev. Stat. § 25-25-123 Proceeds as trust funds
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All moneys received pursuant to this article, whether as proceeds from the sale of bonds, notes, or other obligations or as revenues or receipts, shall be deemed to be trust funds to be held and applied solely as provided in this article. Any officer, bank, or trust company with …
Colo. Rev. Stat. § 25-25-124 Agreement of state not to limit or alter rights of obligees
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The state hereby pledges to and agrees with the holders of any bonds, notes, or other obligations issued under this article, and with those parties who may enter into contracts with the authority pursuant to the provisions of this article, that the state will not limit, alter, re…
Colo. Rev. Stat. § 25-25-125 Enforcement of rights of bondholders
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Any holder of bonds issued pursuant to this article or any trustee under a trust agreement, trust indenture, indenture of mortgage, or deed of trust entered into pursuant to this article, except to the extent that their rights are restricted by any bond resolution, may, by any su…
Colo. Rev. Stat. § 25-25-126 Bonds eligible for investment
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All banks, bankers, trust companies, savings and loan associations, investment companies, and insurance companies and associations and all executors, administrators, guardians, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging …
Colo. Rev. Stat. § 25-25-127 Account of activities - receipts for expenditures - report - audit
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(1) The authority shall keep an accurate account of its activities, receipts, and expenditures and shall annually make a report of its activities, receipts, and expenditures to the board, the governor, and the state auditor. The report shall be submitted within six months after t…
Colo. Rev. Stat. § 25-25-128 Federal social security act
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The authority may take such action as it deems appropriate to enable its employees to come within the provisions and obtain the benefits of the federal Social Security Act, as from time to time amended. Source: L. 77: Entire article added, p. 1319, � 1, effective July 1.
Colo. Rev. Stat. § 25-25-129 Powers of authority not restricted - law complete in itself
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This article shall not be construed as a restriction or limitation upon any powers which the authority might otherwise have under any laws of this state but shall be construed as cumulative of any such powers. No proceedings, referendum, notice, or approval shall be required for …
Colo. Rev. Stat. § 25-25-130 Powers in addition to those granted by other laws
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The powers conferred by this article are in addition and supplementary to, and the limitations imposed by this article do not affect the powers conferred by, any other law, except as provided in this article. Facilities may be acquired, purchased, constructed, reconstructed, impr…
Colo. Rev. Stat. § 25-25-131 Annual report
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The authority shall submit to the governor within six months after the end of the fiscal year a report which shall set forth a complete and detailed operating and financial statement of the authority during such year. Also included in the report shall be any recommendations with …