Title 11, Financial Institutions
0 chapters · 699 sections in this title.
Colo. Rev. Stat. § 11-57-101 Applicability
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This article applies to bonds, notes, warrants, certificates, or other securities evidencing loans or the advancement of moneys, to be issued by or on behalf of the state or any political subdivision thereof or any district, public board, commission, authority, or other public bo…
Colo. Rev. Stat. § 11-57-102 Form - payment and transfer of securities
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The securities described in section 11-57-101 shall be in such registered or bearer form, with or without interest coupons; be subject to such conditions for transfer; be subject to such provisions for conversion as to denomination or to bearer or registered form; be made registe…
Colo. Rev. Stat. § 11-57-103 Determination by resolution or ordinance
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The determination of the body authorized or empowered to issue such securities required by section 11-57-102 shall be made in the resolution or ordinance authorizing the issuance of such securities or in any ordinance, resolution, or other instrument supplemental thereto. Source:…
Colo. Rev. Stat. § 11-57-104 No restriction on other acts
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This article shall constitute an additional and separate grant of powers which may be exercised without regard to any other act which contains the same subject matter; except that this article shall not be deemed to be a restriction or limitation on the exercise of powers by an i…
Colo. Rev. Stat. § 11-57-105 Records - registered public obligations
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Records, with regard to the ownership of or security interests in registered public obligations, shall not be subject to inspection or copying under any law of this state relating to the right of the public to inspect or copy public records, notwithstanding any law to the contrar…
Colo. Rev. Stat. § 11-57-201 Short title
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This part 2 shall be known and may be cited as the Supplemental Public Securities Act. Source: L. 2000: Entire part added, p. 133, � 1, effective August 2.
Colo. Rev. Stat. § 11-57-202 Legislative declaration
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The general assembly hereby finds, determines, and declares that, due to the changes in the public securities market and recent technological developments, it is important to provide public entities with the option to elect to apply the provisions of this part 2 when issuing secu…
Colo. Rev. Stat. § 11-57-203 Definitions
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As used in this part 2, unless the context otherwise requires: (1) Act of issuance means an ordinance, resolution, or decision to issue a security pursuant to delegated authority adopted by the issuing authority or officer of a public entity for the purpose of issuing a security …
Colo. Rev. Stat. § 11-57-204 Election of applicability
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(1) This part 2 is applicable to securities issued by any public entity if the issuing authority of such public entity elects in an act of issuance to apply all or any of the provisions of this part 2 to the issuance of such securities. If a public entity elects to apply a provis…
Colo. Rev. Stat. § 11-57-205 Delegation of authority
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(1) The issuing authority of a public entity may, in the act of issuance, at any time, delegate to any member of the issuing authority, chief executive officer, or chief financial officer of the public entity the authority to sign a contract for the purchase of the securities or …
Colo. Rev. Stat. § 11-57-206 Fixed and variable rates of interest for securities - agreement with third party for interest determinations
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The act of issuance authorizing the issuance of any securities or any trust indenture or other instrument created by such act of issuance may fix a rate or rates of interest, or provide for the determination of the rate or rates from time to time, by a designated agent according …
Colo. Rev. Stat. § 11-57-207 Denomination, maturity, interest, and negotiability of securities - rate of interest
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(1) Any securities issued may: (a) Mature at such time or times as determined by the public entity or as provided in section 11-57-205, not to exceed forty years; (b) Bear interest at a rate or rates payable or compoundable at such intervals as determined by the public entity or …
Colo. Rev. Stat. § 11-57-208 Pledged revenues received or credited subject to immediate lien - priority and validity of lien
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(1) A public entity may pledge all or any portion of its revenues to the payment of its securities unless the use of any of such revenues is restricted by other laws of the state. In pledging the proceeds of an ad valorem property tax, an issuing authority may limit the rate of t…
Colo. Rev. Stat. § 11-57-209 Recourse against public entities officers and agents - acceptance of securities constitutes waiver and release
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If a member of the issuing authority, or any officer or agent of the public entity acts in good faith, no civil recourse shall be available against such member, officer, or agent for payment of the principal, interest, or prior redemption premiums. Such recourse shall not be avai…
Colo. Rev. Stat. § 11-57-210 Recital in securities conclusive evidence of validity and regularity of issuance
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An act of issuance providing for the issuance of public securities or an indenture may provide that the securities shall contain a recital that they are issued pursuant to the supplemental public securities act. Such recital shall be conclusive evidence of the validity and the re…
Colo. Rev. Stat. § 11-57-211 Meetings aided by telecommunications devices
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The act of issuance authorizing the issuance of securities may be adopted by the issuing authority at a meeting where one or more members of the issuing authority may participate in such meeting and may vote on such act of issuance through the use of telecommunications devices. S…
Colo. Rev. Stat. § 11-57-212 Limitation of actions
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No legal or equitable action brought with respect to any legislative acts or proceedings in connection with the authorization or issuance of securities by a public entity shall be commenced more than thirty days after the authorization of such securities. Source: L. 2000: Entire …
Colo. Rev. Stat. § 11-57-213 Confirmation of actions and powers
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(1) In its discretion, the public entity may file a petition prior to the issuance of securities under the supplemental public securities act in the district court in any county in which the public entity or a portion thereof is located for a judicial examination and determinatio…
Colo. Rev. Stat. § 11-57-214 Investments
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Income received from any legal investment may be deposited by the public entity in any fund or account that the public entity maintains. Source: L. 2000: Entire part added, p. 139, � 1, effective August 2. L. 2004: Entire section amended, p. 949, � 4, effective May 21.