Title 43, Transportation
0 chapters · 400 sections in this title.
Colo. Rev. Stat. § 43-4-501 Short title
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This part 5 shall be known and may be cited as the Public Highway Authority Law. Source: L. 87: Entire part added, p. 1843, � 1, effective August 27.
Colo. Rev. Stat. § 43-4-502 Legislative declaration
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(1) The general assembly hereby finds, determines, and declares that: (a) The necessity for this part 5 results from the large population and population growth within metropolitan regions in the state, from the significant and growing demand for construction of beltways within su…
Colo. Rev. Stat. § 43-4-503 Definitions
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As used in this part 5, unless the context otherwise requires: (1) Authority means a body corporate and political subdivision of the state created pursuant to this part 5. (2) Board means the board of directors of an authority. (3) Bond means any bond, note, interim certificate, …
Colo. Rev. Stat. § 43-4-504 Creation of authorities
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(1) Any combination may create, by contract, an authority which shall be authorized to exercise the functions conferred by the provisions of this part 5 upon the issuance by the director of the division of a certificate stating that the authority has been duly organized according…
Colo. Rev. Stat. § 43-4-505 Board of directors
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(1) (a) All powers, privileges, and duties vested in or imposed upon the authority shall be exercised and performed by and through the board. The board, by resolution, may delegate any of the powers of the board to any of the officers or agents of the board; except that, to ensur…
Colo. Rev. Stat. § 43-4-506.5 Traffic laws - toll collection
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(1) The traffic laws of this state, and those of any municipality through which passes a public highway constructed, operated, or maintained by an authority, and such an authority's rules and regulations regarding toll collection and enforcement shall pertain to and govern the us…
Colo. Rev. Stat. § 43-4-507 Local improvement districts
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The board may establish local improvement districts within the boundaries of the authority to facilitate the financing, construction, operation, or maintenance of public highways within or without the boundaries of the authority. Such local improvement districts may be establishe…
Colo. Rev. Stat. § 43-4-508 Value capture areas
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(1) The board may establish one or more value capture areas within its boundaries to facilitate the financing and construction, operation, or maintenance of public highways within or without the boundaries of the authority. Such value capture areas may be established by the board…
Colo. Rev. Stat. § 43-4-509 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 as designated by the board. (2) Bonds may be execut…
Colo. Rev. Stat. § 43-4-510 Cooperative powers
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(1) The authority has the power to cooperate with any person: (a) To accept contributions, loans, or advances from any person with respect to the financing, construction, operation, or maintenance of a public highway and in connection with any loan or advance to enter into contra…
Colo. Rev. Stat. § 43-4-511 Powers of governmental units
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(1) A governmental unit, for the purpose of aiding and cooperating in the financing, construction, operation, or maintenance of any public highway, has the power: (a) To sell, lease, loan, donate, grant, convey, assign, transfer, and otherwise dispose to the authority any real or…
Colo. Rev. Stat. § 43-4-512 Referendum
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No action by an authority to establish or increase any annual motor vehicle registration fee authorized by this part 5 shall take effect unless first submitted to a vote of the registered electors of that portion of the combination in which the fee is proposed to be collected at …
Colo. Rev. Stat. § 43-4-513 Notice - opportunity for comment
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(1) The board of any authority created pursuant to this part 5, at least forty-five days prior to any meeting at which the board shall consider or take action on a proposal to establish, increase, or decrease any fee authorized by this part 5, shall deliver written notice of the …
Colo. Rev. Stat. § 43-4-514 Notice - coordination of information - report
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(1) (a) At least forty-five days prior to the creation of any authority or value capture area pursuant to this part 5, a notice containing the proposed boundaries of the authority or value capture area and the methods proposed for financing public highways in the authority or a c…
Colo. Rev. Stat. § 43-4-516 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 part 5 and with those parties who enter into contracts with the authority or any member of the combination pursuant to this part 5 that the state will not limit, alter, restrict, or impair the rig…
Colo. Rev. Stat. § 43-4-517 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. § 43-4-518 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 moneys within their control in any bonds issued under this part 5. Public entities, as defined in section 2…
Colo. Rev. Stat. § 43-4-519 Exemption from taxation - securities laws
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The income or other revenues of the authority, all properties at any time owned by 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 in the state. In the re…
Colo. Rev. Stat. § 43-4-520 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 part 5, w…
Colo. Rev. Stat. § 43-4-521 Termination of revenue-raising powers
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When all bonds and obligations of an authority have been paid in full and the authority has established a maintenance trust fund sufficient to meet future needs of the authority, all revenue-raising powers granted pursuant to this part 5, including tolls, shall terminate. Source:…
Colo. Rev. Stat. § 43-4-601 Short title
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This part 6 shall be known and may be cited as the Regional Transportation Authority Law. Source: L. 97: Entire part added, p. 480, � 1, effective August 6. L. 2005: Entire section amended, p. 1057, � 2, effective January 1, 2006. Cross references: For the legislative declaration…
Colo. Rev. Stat. § 43-4-602 Definitions
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As used in this part 6, unless the context otherwise requires: (1) Advertising device means an outdoor sign, display, poster, or other message used to advertise a product or service or other message. (1.5) Authority means a body corporate and political subdivision of the state cr…
Colo. Rev. Stat. § 43-4-606 Establishment of regional transportation activity enterprises
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(1) Any authority may establish regional transportation activity enterprises for the purpose of pursuing or continuing activities authorized by this part 6. Any regional transportation activity enterprise established or maintained pursuant to this part 6 is not subject to the pro…
Colo. Rev. Stat. § 43-4-607 Traffic laws - toll collection
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(1) The traffic laws of this state and of any municipality, in which a regional transportation system is constructed, operated, or maintained by an authority, and the authority's rules regarding toll collection and enforcement shall pertain to and govern the use of any regional t…
Colo. Rev. Stat. § 43-4-607.5 Streetscape enhancements - local and private authority
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A local government whose jurisdiction includes territory within an authority may create, permit, or contract streetscape enhancements within that territory. Source: L. 2005: Entire section added, p. 1064, � 6, effective January 1, 2006. Cross references: For the legislative decla…
Colo. Rev. Stat. § 43-4-608 Local improvement districts
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The board, or the board of the regional transportation district established under article 9 of title 32, C.R.S., in the case of any authority whose territory is located in whole or in part within the boundaries of the district, may establish local improvement districts within the…
Colo. Rev. Stat. § 43-4-609 Bonds
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(1) The authority may, from time to time, issue bonds for any of its corporate purposes. The authority shall issue the bonds pursuant to resolution of the board, and the bonds shall be payable solely out of all or a specified portion of the revenues as designated by the board. (2…
Colo. Rev. Stat. § 43-4-610 Cooperative powers
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(1) The authority has the power to cooperate with any person: (a) To accept contributions, loans, advances, or liens securing obligations to or of the authority from any person with respect to the financing, construction, operation, or maintenance of a regional transportation sys…
Colo. Rev. Stat. § 43-4-611 Powers of governmental units
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(1) A governmental unit, for the purpose of aiding and cooperating in the financing, construction, operation, or maintenance of any regional transportation system, has the power: (a) To sell, lease, loan, donate, grant, convey, assign, transfer, and otherwise dispose to the autho…
Colo. Rev. Stat. § 43-4-612 Referendum
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(1) (a) No action by an authority to establish or increase any tax authorized by this part 6 shall take effect unless first submitted to a vote of the registered electors of that portion of the combination or that portion of the territory in which a transportation planning organi…
Colo. Rev. Stat. § 43-4-613 Notice - opportunity for comment
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(1) The board of any authority created pursuant to this part 6, at least forty-five days prior to any meeting at which the board shall consider or take action on a proposal to establish, increase, or decrease any tax or fee authorized by this part 6, shall deliver written notice …
Colo. Rev. Stat. § 43-4-614 Notice - coordination of information
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(1) (a) At least forty-five days prior to the creation of any authority pursuant to this part 6, a notice containing the proposed boundaries of the authority and the methods proposed for financing regional transportation systems in the authority shall be sent to the division and …
Colo. Rev. Stat. § 43-4-615 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 part 6 and with those parties who enter into contracts with an authority or any member of a combination or member of a transportation planning organization exercising the powers of an authority as…
Colo. Rev. Stat. § 43-4-616 Investments
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An 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, an authority may direct a corporate trustee that holds funds of the authority to invest or deposit the funds in investments or deposits other than those sp…
Colo. Rev. Stat. § 43-4-617 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 moneys within their control in any bonds issued under this part 6. Public entities, as defined in section 2…
Colo. Rev. Stat. § 43-4-618 Exemption from taxation - securities laws
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The income or other revenues of an authority, all properties at any time owned by an authority, any bonds issued by an authority, and the transfer of and the income from any bonds issued by an authority are exempt from all taxation and assessments in the state. In the resolution …
Colo. Rev. Stat. § 43-4-619 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 part 6, wheth…
Colo. Rev. Stat. § 43-4-701 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) The rapid growth of the economy of this state has prompted new and ever-increasing uses of public highways, roads, and other transportation infrastructure, and the existing transportation infrastructure of this state ca…
Colo. Rev. Stat. § 43-4-702 Definitions
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As used in this part 7, unless the context otherwise requires: (1) Commission means the transportation commission created by section 43-1-106. (2) Department means the department of transportation created by part 1 of article 1 of this title. (3) Executive director means the exec…
Colo. Rev. Stat. § 43-4-704 Powers of executive director
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The executive director is authorized to enter into contracts with the federal government, the state of Colorado, any state institution or agency, any political subdivision, any department, agency, or instrumentality of a political subdivision, and any political or public corporat…
Colo. Rev. Stat. § 43-4-705 Revenue anticipation notes - ballot issue
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(1) Subject to the provisions of this part 7, the executive director, on behalf of the department, from time to time, may issue revenue anticipation notes for the purpose of financing any qualified federal aid transportation projects. (2) (a) Subject to the provisions of this sub…
Colo. Rev. Stat. § 43-4-706 Financial obligations subject to annual budget allocation
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(1) Any revenue anticipation notes issued in accordance with this part 7 shall constitute a contract between the department and the owner or holder thereof. In no event shall any decision by the commission not to allocate revenue anticipation note proceeds not otherwise pledged, …
Colo. Rev. Stat. § 43-4-707 Note proceeds
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(1) The certificate, trust indenture, or other instrument authorizing the issuance of revenue anticipation notes in accordance with the provisions of this part 7 may pledge all or any portion of the proceeds from the issuance of such notes to the payment of such notes and any cos…
Colo. Rev. Stat. § 43-4-708 Investments
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(1) Any proceeds from the issuance of revenue anticipation notes or any other moneys relating to such notes that are credited to the state highway supplementary fund shall be invested in the same manner as all other moneys credited to said fund as provided by law. (2) The executi…
Colo. Rev. Stat. § 43-4-709 Powers of political subdivisions
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(1) A political subdivision, for the purpose of aiding and cooperating in the financing, construction, operation, or maintenance of any qualified federal aid transportation project, has the power: (a) To sell, lease, loan, donate, grant, convey, assign, or otherwise transfer to t…
Colo. Rev. Stat. § 43-4-710 Notes legal investments
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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 moneys within their control in any revenue anticipation notes issued in accordance with this part 7. Public…
Colo. Rev. Stat. § 43-4-711 Exemption from taxation
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Except as otherwise provided in this section, the income from revenue anticipation notes is exempt from all taxation and assessments in the state. In the certificate, indenture of trust, or other instrument authorizing the issuance of such notes, the executive director may waive …
Colo. Rev. Stat. § 43-4-712 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 revenue anticipation notes or for any other relief against or from any acts or proceedings done und…
Colo. Rev. Stat. § 43-4-713 Annual reports
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(1) No later than January 15, 2001, and no later than January 15 of each year thereafter, the executive director shall submit a report to the members of the joint budget committee of the general assembly, the members of the legislative audit committee of the general assembly, the…
Colo. Rev. Stat. § 43-4-714 Use of note proceeds - repeal. (Repealed)
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Source: L. 99: Entire part added, p. 1118, � 1, effective June 2. L. 2018: Entire section amended, (SB 18-001), ch. 353, p. 2105, � 11, effective May 31. L. 2019: (2)(a) and (3) amended, (SB 19-263), ch. 334, p. 3086, � 6, effective May 29. L. 2020: (2)(a) and (3) amended, (HB 20…