Title 29, Government - Local
0 chapters · 492 sections in this title.
Colo. Rev. Stat. § 29-4-601 Applicability of part 6
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For the purposes of this part 6, there shall be excluded from the term project or housing project any such project where there is in existence on or after October 1, 1963, a contract for financial assistance between any city, city and county, authority, housing authority, or coun…
Colo. Rev. Stat. § 29-4-602 Posting and publication of notice - petition
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(1) A city, city and county, authority, housing authority, or county housing authority shall not, on or after October 1, 1963, commence the construction of or acquire by purchase, lease, or otherwise any project, housing project, or addition to an existing project or housing proj…
Colo. Rev. Stat. § 29-4-603 Cooperative agreement - costs of election
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When, pursuant to the provisions of this part 6, an election is required in order to authorize an authority or housing authority to construct or acquire a project or housing project, the cooperation agreement between such authority or housing authority and the governing body of t…
Colo. Rev. Stat. § 29-4-604 Election - resolution
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(1) When, pursuant to the provisions of this part 6, an election of the registered electors of a city, city and county, authority, housing authority, or county housing authority is required in order to authorize any proposed act, said election may be held either concurrently with…
Colo. Rev. Stat. § 29-4-605 Notice of election
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(1) Upon the adoption of such election resolution, notice of such election shall be given as follows: (a) By publication of a full copy of the election resolution once each week for three successive weeks in some daily or weekly newspaper having a general circulation within the a…
Colo. Rev. Stat. § 29-4-606 Conduct of election
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Said election shall be conducted in all respects in accordance with the general election laws of this state insofar as the same are applicable and not inconsistent with the provisions of this part 6. Source: L. 63: p. 557, � 1. C.R.S. 1963: � 69-8-6. Cross references: For the gen…
Colo. Rev. Stat. § 29-4-607 Count of ballots - canvass - results of election
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At the hour designated for closing in the election resolution, the ballot boxes or voting machines in the several polling places shall be closed, the ballots counted, and the returns thereof made to the council, board of commissioners, or other governing body calling the election…
Colo. Rev. Stat. § 29-4-701 Short title
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This part 7 shall be known and may be cited as the Colorado Housing and Finance Authority Act. Source: L. 75: Entire section added, p. 970, � 1, effective April 19. L. 87: Entire section amended, p. 1190, � 1, effective May 20. Editor's note: This section was enacted as � 29-4-70…
Colo. Rev. Stat. § 29-4-702 Legislative declaration
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(1) The general assembly finds and declares that there is a shortage in Colorado of decent, safe, and sanitary housing which is within the financial capabilities of low- and moderate-income families. In order to alleviate the high cost of construction loans and home mortgage inte…
Colo. Rev. Stat. § 29-4-703 Definitions - rules
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As used in this part 7, unless the context otherwise requires: (1) Authority means the Colorado housing and finance authority created by this part 7. (2) Board means the board of directors of the Colorado housing and finance authority. (3) Bond means any bond, note, or other obli…
Colo. Rev. Stat. § 29-4-704 Colorado housing and finance authority
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(1) There is hereby created the Colorado housing and finance authority, which shall be a body corporate and a political subdivision of the state, shall not be an agency of state government, and shall not be subject to administrative direction by any department, commission, board,…
Colo. Rev. Stat. § 29-4-704.5 Reference in contracts and documents
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Whenever the Colorado housing finance authority is referred to or designated by any contract or document in connection with the duties and functions set forth in this part 7, such reference or designation shall be deemed to apply to the Colorado housing and finance authority. Sou…
Colo. Rev. Stat. § 29-4-705 Records of board
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All resolutions and orders shall be recorded and authenticated by the signature of the secretary or any assistant secretary of the board. Every legislative act of the board of a general or permanent nature shall be by resolution. The book of resolutions, corporate acts, and order…
Colo. Rev. Stat. § 29-4-706 Meetings of board
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(1) All meetings of the board shall be open to the public. No business of the board shall be transacted except at a regular or special meeting at which a quorum consisting of at least a majority of the total membership of the board is present. Any action of the board shall requir…
Colo. Rev. Stat. § 29-4-707 Disclosure of interests required
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Any board member, employee, or other agent or adviser of the authority, who has a direct or indirect interest in any contract or transaction with the authority, shall disclose this interest to the authority. This interest shall be set forth in the minutes of the authority, and no…
Colo. Rev. Stat. § 29-4-708 General powers of the authority
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(1) In addition to any other powers granted to the authority in this part 7, the authority has the following powers: (a) To have the duties, privileges, immunities, rights, liabilities, and disabilities of a body corporate and political subdivision of the state; (b) To have perpe…
Colo. Rev. Stat. § 29-4-709 Power of board - housing facility plans
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(1) The board shall establish criteria for the financial feasibility of any plan for the development of housing facilities to be undertaken with the proceeds of housing facility loans. (2) If the authority determines that such plan meets the board's criteria, that private financi…
Colo. Rev. Stat. § 29-4-710.5 Powers of the board - lease, sale, or financing of projects
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(1) Except as otherwise provided in an intergovernmental agreement entered into pursuant to article 46.5 of title 24, C.R.S., the authority may not undertake or finance a project until the board or the executive director pursuant to rules and regulations adopted by the board firs…
Colo. Rev. Stat. § 29-4-710.6 Powers of the board - loans for capital
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(1) The authority may not assist the capital needs of any profit or nonprofit enterprise or undertaking until the board or the executive director pursuant to rules and regulations adopted by the board first determines that: (a) Repealed. (b) The amount of a loan to provide capita…
Colo. Rev. Stat. § 29-4-713 Power of the board - home improvement loans
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(1) The board may cause the executive director to formulate and from time to time modify a plan for the provision of home improvement loans upon a finding by the board that the provision of such loans is necessary for any one or more of the following purposes: (a) To bring housin…
Colo. Rev. Stat. § 29-4-715 Sponsor - limitations on distributions. (Repealed)
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Source: L. 73: p. 811, � 1. C.R.S. 1963: � 69-11-11. L. 75: (1)(a), (1)(b), and (2) amended, p. 977, � 8, effective April 9. L. 82: (1)(b) and (1)(c) amended, p. 468, � 9, effective April 23. L. 2007: Entire section repealed, p. 707, � 9, effective May 3. Editor's note: This sect…
Colo. Rev. Stat. § 29-4-716 Standards for approval of organizations
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(1) No sponsor shall be considered eligible to develop housing facilities or provide services in connection therewith pursuant to this part 7 unless it shows to the authority's satisfaction that the organization is incorporated, authorized to do business, or otherwise organized a…
Colo. Rev. Stat. § 29-4-717 Findings - percentage of low-income families required
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(1) Prior to the authority's making or committing to make a housing facility loan for a housing facility with more than five dwelling units under this part 7, the board shall find: (a) That low-income families can afford, on the basis of the use of not more than thirty percent of…
Colo. Rev. Stat. § 29-4-718 Bonds and notes
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(1) (a) The authority has the power and is authorized to issue from time to time its notes and bonds in such principal amounts as the authority determines to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the payment of interest on…
Colo. Rev. Stat. § 29-4-719 Special funds - repeal. (Repealed)
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Source: L. 75: Entire section added, p. 984, � 1, effective May 22. L. 82: (4)(a) amended and (4)(b) repealed, p. 473, �� 8, 9, effective April 15. L. 2001: IP(1) amended and (9) and (10) added, p. 311, � 2, effective April 12. Editor's note: This section was repealed, effective …
Colo. Rev. Stat. § 29-4-719.1 Economic development fund
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(1) There is hereby created in the authority the economic development fund. The authority shall deposit into such economic development fund: (a) Any moneys appropriated and made available by the state for purposes of such economic development fund; (b) Any proceeds from the sale …
Colo. Rev. Stat. § 29-4-720 Validity of any pledge
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Any pledge made by the authority shall be valid and binding from the time when the pledge is made, and any assets or revenues shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be val…
Colo. Rev. Stat. § 29-4-721 Remedies
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Any holder of bonds issued under the provisions of this part 7, or any coupons appertaining thereto and the trustee under any trust agreement or resolution authorizing the issuance of such bonds, except to the extent the rights under this part 7 may be restricted by such trust ag…
Colo. Rev. Stat. § 29-4-722 Negotiable instruments
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Notwithstanding any of the foregoing provisions of this part 7 or any recitals in any bonds issued under the provisions of this part 7, all such bonds and interest coupons appertaining thereto shall be negotiable instruments under the laws of this state, subject only to any appli…
Colo. Rev. Stat. § 29-4-723 Bonds eligible for investment
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Bonds issued under the provisions of this part 7 are hereby made securities in which all insurance companies, trust companies, banking associations, savings and loan associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and le…
Colo. Rev. Stat. § 29-4-724 Refunding bonds
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(1) The board may provide for the issuance of refunding obligations of the authority for the purpose of refunding any obligations then outstanding that have been issued under this part 7 or issued by other public entities, including the payment of any redemption premium thereon a…
Colo. Rev. Stat. § 29-4-725 Nonliability of state for bonds
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The state of Colorado shall not be liable for bonds of the authority, and such bonds shall not constitute a debt of the state. The bonds shall contain on the face thereof a statement to such effect. Source: L. 73: p. 814, � 1. C.R.S. 1963: � 69-11-20. Editor's note: This section …
Colo. Rev. Stat. § 29-4-726 Members of authority not personally liable on bonds
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Neither the members of the board nor any authorized person executing bonds issued pursuant to this part 7 shall be personally liable for such bonds by reason of the execution or issuance thereof. Source: L. 73: p. 814, � 1. C.R.S. 1963: � 69-11-21. Editor's note: This section was…
Colo. Rev. Stat. § 29-4-727 Property taxation - exemption of bonds from taxation
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(1) In any instance where a proposed housing facility or project, whether owned by the authority or by another sponsor, would qualify for a property tax exemption under the laws of Colorado, the board may require that, as a condition for a loan or other assistance under this part…
Colo. Rev. Stat. § 29-4-728 Revolving fund established
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(1) The board shall establish a revolving fund and shall pay into such revolving fund any moneys made available by the federal, state, or local government for the purpose of assisting in the provision of housing facilities for low- and moderate-income families. The board shall al…
Colo. Rev. Stat. § 29-4-729 Reporting
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(1) The authority shall submit to the governor and the health, environment, welfare, and institutions committees of the house of representatives and the senate within six months after the end of the fiscal year a report that shall set forth a complete and detailed operating and f…
Colo. Rev. Stat. § 29-4-730 Powers of the authority - investments
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(1) The authority has the power: (a) To invest any funds 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 funds subject to his control; and to s…
Colo. Rev. Stat. § 29-4-731 Agreement of this state
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This state does hereby pledge to and agree with the holders of any notes or bonds issued under this part 7 that this state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the said holders thereof or in any way imp…
Colo. Rev. Stat. § 29-4-732 This part 7 not a limitation of powers
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Nothing in this part 7 shall be construed as a restriction or limitation upon any other powers which the authority might otherwise have under any other law of this state, and this part 7 is cumulative to any such powers. This part 7 does and shall be construed to provide a comple…
Colo. Rev. Stat. § 29-4-733 Termination of powers. (Repealed)
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Source: L. 82: Entire section added, p. 470, � 13, effective April 23. L. 87: Entire section repealed, p. 1197, � 21, effective May 20.
Colo. Rev. Stat. § 29-4-734 Termination of powers
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On and after June 30, 1992, the authority may not make equity investments pursuant to the powers granted to the authority by section 29-4-719.1 (2)(d). The authority may continue to discharge all present and future obligations regarding equity investments made prior to June 30, 1…
Colo. Rev. Stat. § 29-4-735 Colorado strategic seed fund council - creation
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(1) There is hereby created the Colorado strategic seed fund council. Said council shall be composed of nine members, as follows: Four venture capitalists, one management consultant, and two institutional investors, all of whom shall be appointed by the governor, and one member a…