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Colorado Statutes, Title 32

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Title 32, Special Districts

0 chapters · 784 sections in this title.

All chapters in Title 32784 Ch 11209 Ch 1143 Ch 977 Ch 463 Ch 746 Ch 1536 Ch 11.535 Ch 1433 Ch 1229 Ch 2217 Ch 1316 Ch 1915 Ch 1714 Ch 2114

77 sections·Filtered byTitle 32✕Ch 9✕

Colo. Rev. Stat. § 32-9-137 Security details
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(1) Any district securities authorized to be issued in this article shall bear such date, shall be in such denomination, shall mature at such time, but in no event exceeding forty years from their date or any shorter limitation provided in this article, and shall bear interest at…
Colo. Rev. Stat. § 32-9-138 Negotiability
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Subject to the payment provisions specifically provided in this article, any district securities and any interest coupons thereto attached shall be fully negotiable within the meaning of and for all the purposes of article 8 of title 4, C.R.S., except as the board may otherwise p…
Colo. Rev. Stat. § 32-9-139 Single bonds
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(1) The board may: (a) Provide for the initial issuance of one or more securities, in this section called "bond", aggregating the amount of the entire issue, or a designated portion thereof; (b) Make such provision for installment payments of the principal amount of any such bond…
Colo. Rev. Stat. § 32-9-140 Sale of securities
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(1) Any securities authorized in this article, except for warrants not issued for cash, and except for temporary bonds issued pending preparation of definitive bonds, shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or a…

Colo. Rev. Stat. § 32-9-141 Application of proceeds

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All moneys received from the issuance of any securities authorized in this article shall be used solely for the purposes for which issued. Source: L. 69: p. 724, § 1. C.R.S. 1963: § 89-20-42.

Colo. Rev. Stat. § 32-9-142 Use of unexpended proceeds

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Any unexpended balance of such security proceeds remaining after the completion of the purposes for which such securities were issued shall be credited immediately to the fund or account created for the payment of the principal of said securities and shall be used therefor, subje…

Colo. Rev. Stat. § 32-9-143 Covenants in security proceedings

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Any resolution or trust indenture authorizing the issuance of securities or any other instrument relating thereto may contain covenants and other provisions limiting the exercise of powers conferred by this article upon the board in order to secure the payment of such securities,…

Colo. Rev. Stat. § 32-9-144 Remedies of security holders

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(1) Subject to contractual limitations binding upon the holders or owners of any issue or series of securities or trustee therefor and subject to any prior or superior rights of others, any holder or owner of securities or trustee therefor shall have the right and power for the e…

Colo. Rev. Stat. § 32-9-145 Limitations upon liabilities

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Neither the directors nor any person executing any district securities issued under this article shall be liable personally on the securities by reason of the issuance thereof. Securities issued pursuant to this article shall not in any way create or constitute any indebtedness, …

Colo. Rev. Stat. § 32-9-146 Interest after maturity

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No interest shall accrue on any security authorized in this article after it becomes due and payable if funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to a paying agent for such payment without default…

Colo. Rev. Stat. § 32-9-147 Refunding bonds

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(1) Except as otherwise provided in this article, any bonds issued under this article may be refunded without an election, subject to the provisions concerning their payment and to any other contractual limitations in the proceedings authorizing their issuance or otherwise relati…

Colo. Rev. Stat. § 32-9-148 Issuance of interim notes

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(1) Whenever a proposal to issue bonds for any purpose authorized in this article has been approved at an election held in accordance with this article, the district may borrow money without any other election in anticipation of sales taxes or of the receipt of the proceeds of sa…

Colo. Rev. Stat. § 32-9-149 Elections

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(1) Where in this article an election is permitted or required, the election shall be held concurrently or jointly with any general election held under the laws of this state or in accordance with article 41 of title 1, C.R.S., as applicable. (2) Repealed. Source: L. 69: p. 727, …

Colo. Rev. Stat. § 32-9-150 Election resolution

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(1) The board shall call any election by resolution adopted at least thirty days prior to the election. The resolution shall recite: (a) The objects and purposes of the election for which the indebtedness is proposed to be incurred; (b) The estimated cost; (c) How much, if any, o…

Colo. Rev. Stat. § 32-9-151 Conduct and costs of elections

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(1) Except as otherwise provided in this article, any district election shall be held and conducted in accordance with articles 1 to 13 of title 1, C.R.S. (2) The district shall reimburse each affected county for all true and actual costs of conducting a district election pursuan…

Colo. Rev. Stat. § 32-9-156 District - tax exempted

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The district shall be exempted from any general ad valorem taxes upon any property of the district acquired and used for purposes of this article. Source: L. 69: p. 730, § 1. C.R.S. 1963: § 89-20-57.

Colo. Rev. Stat. § 32-9-158 Merger, consolidation, or assumption of district

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Nothing in this article shall be construed to prevent the merger, consolidation, or assumption of the regional transportation district with, into, or by any other district, authority, or political subdivision of the state that may be authorized and formed pursuant to the laws and…

Colo. Rev. Stat. § 32-9-159 Freedom from judicial process

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(1) Execution or other judicial process shall not issue against any property of the district authorized in this article, nor shall any judgment against the district be a charge or lien upon its property. (2) Subsection (1) of this section does not apply to or limit the right of t…

Colo. Rev. Stat. § 32-9-160 Misdemeanors

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(1) Any person who wrongfully damages, injures, or destroys, or in any manner impairs the usefulness of any facility, property, structure, improvement, equipment, or other property of the district acquired under the provisions of this article 9, commits a class 2 misdemeanor. (2)…

Colo. Rev. Stat. § 32-9-161 Eminent domain

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(1) Subsequent to approval of incurrence of debt and issuance of securities in an election held pursuant to section 32-9-108, the power of eminent domain vested in the district shall include, but not be limited to, the power to condemn, in the name of the district: (a) Either the…

Colo. Rev. Stat. § 32-9-162 Money management

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The district has the authority to structure and transact its banking affairs in a manner most financially advantageous to the district, consistent with prevailing prudent business practice. The district may conduct its banking affairs with any banking or other state or federally …

Colo. Rev. Stat. § 32-9-163 Investment management

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(1) In addition to the authority granted the district under section 32-9-119 (1)(n), (1)(o), and (1)(p), the district may invest its moneys in any of the following: (a) Obligations of the United States government or its agencies and instrumentalities; (b) Certificates of deposit …

Colo. Rev. Stat. § 32-9-164 Custodians

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For purposes of making deposits or investments, the board may appoint, by written resolution, one or more persons to act as custodians of the moneys of the district, who shall give surety bonds in such amounts and form and for such purposes as the board requires. Source: L. 85: E…

Colo. Rev. Stat. § 32-9-165 Planning - ten-year plan - comprehensive operational analysis - accessible transportation service plan - reporting - funding study - transit-oriented community infrastructure - budget transparency and oversight

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(1) Ten-year strategic plan. (a) No later than September 30, 2026, the district shall create a ten-year strategic plan. The plan must: (I) In collaboration with local governments and the district subregional service councils, identify performance measures and targets for service,…

Colo. Rev. Stat. § 32-9-166 Information dashboards

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(1) The district shall create, maintain, and publish on its public website: (a) A public accountability dashboard that shows: (I) By transit route: (A) Data on ridership, including total ridership and weekend and weekday ridership; (B) On-time performance, including a clear defin…

Colo. Rev. Stat. § 32-9-167 Required policy updates - service policies and standards - equitable transit-oriented development policy - service buy-up policy - communication protocols - parking policies and strategies

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(1) On or before December 31, 2025, and every two years thereafter, the district shall update its service policies and standards to: (a) Define and map transit propensity based on population density, income, diversity, motor vehicle ownership, and other characteristics that influ…

Colo. Rev. Stat. § 32-9-168 EcoPass program - bulk purchasers - apartment building survey - report - definitions - repeal

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(1) As used in this section, unless the context otherwise requires: (a) "Bulk purchaser" means an entity that has a legal relationship with and that provides goods or services to a group of employees, residents, or members. "Bulk purchaser" includes, without limitation, an employ…