Title 35, Agriculture
0 chapters · 839 sections in this title.
Colo. Rev. Stat. § 35-75-101 Short title
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This article shall be known and may be cited as the Colorado Agricultural Development Authority Act. Source: L. 81: Entire article added, p. 1731, � 1, effective June 19.
Colo. Rev. Stat. § 35-75-102 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) The high cost and lack of available agricultural loans for farmers and other agricultural enterprises, with the resultant decrease in crop, livestock, and business productivity and resultant inability on the part of far…
Colo. Rev. Stat. § 35-75-103 Definitions
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As used in this article, unless the context otherwise requires: (1) Agriculture or agricultural enterprise means the real and personal property constituting farms, ranches, and other agricultural commodity producers, including aquaculture, floriculture, silvaculture, and other ag…
Colo. Rev. Stat. § 35-75-106 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. No vacancy in the membership of the board shall impair the right o…
Colo. Rev. Stat. § 35-75-107 General powers and duties of authority
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(1) In addition to any other powers specifically granted to the authority in this article, the authority has 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 reg…
Colo. Rev. Stat. § 35-75-108 Authority - loans to or made by lenders
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(1) The authority may: (a) Make, and undertake commitments to make, loans to lenders under terms and conditions requiring the proceeds thereof to be used by such lenders to make loans to finance agricultural enterprises. Loan commitments or actual loans shall be originated throug…
Colo. Rev. Stat. § 35-75-109 Authority - rules and regulations
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(1) Prior to exercising its authority under section 35-75-108 (1), the authority shall promulgate rules and regulations governing its activities authorized under this article, including, but not limited to: (a) Procedures for the submission of requests or invitations and proposal…
Colo. Rev. Stat. § 35-75-110 Notes
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(1) The authority may issue from time to time its negotiable notes for any corporate purpose 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 matured. The authority may issue notes partly to renew notes or to…
Colo. Rev. Stat. § 35-75-111 Bonds
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(1) (a) The authority may issue from time to time its bonds in such principal amounts as the authority determines to be necessary to provide sufficient funds for achieving any of its corporate purposes. (b) In anticipation of the sale of such bonds, the authority may issue bond a…
Colo. Rev. Stat. § 35-75-112 Negotiability of bonds
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All bonds and the interest coupons applicable to such bonds are hereby declared and shall be construed to be negotiable instruments. Source: L. 81: Entire article added, p. 1741, � 1, effective June 19.
Colo. Rev. Stat. § 35-75-113 Security for bonds and notes
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(1) (a) The principal and interest on any bonds or notes issued by the authority may be secured by a trust indenture by and between the authority and a corporate trustee, which may be any trust company or bank located within or without this state having trust powers. Such trust i…
Colo. Rev. Stat. § 35-75-114 Personal liability
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Neither the members of the board, employees 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. 81: Entire article added,…
Colo. Rev. Stat. § 35-75-115 Purchase
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The authority may purchase its bonds or notes out of any available funds. 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. 81: Entire article added, p. 1742, � 1, effect…
Colo. Rev. Stat. § 35-75-116 Payment of bonds - nonliability of state
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(1) Bonds and notes issued by the authority shall not constitute or become an indebtedness, a debt, or a liability of the state, nor shall the state be liable on such bonds and notes, nor shall such bonds or notes constitute the giving, pledging, or loaning of the full faith and …
Colo. Rev. Stat. § 35-75-117 Exemption from taxation - securities law
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The income or other revenues of the authority, all properties at any time owned by the authority, any bonds, notes, or other obligations issued pursuant to this article, the transfer of and the income, including any profit made on sale, from any such bonds, notes, or other obliga…
Colo. Rev. Stat. § 35-75-118 Fees
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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 article…
Colo. Rev. Stat. § 35-75-119 Investment powers of authority
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The authority may invest any money 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 money subject to the state treasurer's control; sell from ti…
Colo. Rev. Stat. § 35-75-120 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. § 35-75-121 Agreement of the 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, rest…
Colo. Rev. Stat. § 35-75-122 Enforcement of rights of bondholders
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A holder of bonds issued pursuant to this article 75 or a trustee under a trust agreement or trust indenture entered into pursuant to this article 75, except to the extent that the bond holder's or trustee's rights are restricted by any bond resolution, may protect and enforce, b…
Colo. Rev. Stat. § 35-75-123 Bonds eligible for investment
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All banks, bankers, trust companies, savings and loan associations, investment companies, insurance companies and associations, executors, administrators, guardians, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging to them or …
Colo. Rev. Stat. § 35-75-124 Account of activities - receipts for expenditures - report - audit
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The authority shall keep an accurate account of all its activities and of all its receipts and expenditures. The state auditor may investigate the affairs of the authority, may examine the properties and records of the authority, and may prescribe methods of accounting and the re…
Colo. Rev. Stat. § 35-75-125 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. 81: Entire article added, p. 1744, � 1, effective June 19. Cross r…
Colo. Rev. Stat. § 35-75-126 Powers of authority not restricted
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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. Nothing in this article shall be construed to deprive the state and it…
Colo. Rev. Stat. § 35-75-127 Repeal. (Repealed)
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Source: L. 81: Entire article added, p. 1745, � 1, effective June 19. L. 84: Entire section repealed, p. 950, � 1, effective March 26.
Colo. Rev. Stat. § 35-75-201 Legislative declaration - purpose of part
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(1) The general assembly finds, determines, and declares that, due to current economic conditions throughout rural Colorado, it is in the best interests of the people of this state that measures be taken to encourage, promote, and stimulate agriculturally based economic developme…
Colo. Rev. Stat. § 35-75-202 Definitions
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As used in this part 2, unless the context otherwise requires: (1) Board means the Colorado agricultural value-added development board created in section 35-75-203. (2) Department means the department of agriculture. (3) Development facility means a Colorado facility that either …