Title 29, Government - Local
0 chapters · 492 sections in this title.
Colo. Rev. Stat. § 29-3-101 Short title
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This article shall be known and may be cited as the County and Municipality Development Revenue Bond Act. Source: L. 67: p. 671, � 1. C.R.S. 1963: � 36-24-1. L. 73: p. 475, � 1.
Colo. Rev. Stat. § 29-3-102 Legislative declaration
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(1) It is the intent of the general assembly by the passage of this article to authorize counties and municipalities to finance, acquire, own, lease, improve, and dispose of properties to the end that such counties and municipalities may be able to promote industry and develop tr…
Colo. Rev. Stat. § 29-3-103 Definitions
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As used in this article 3, unless the context otherwise requires: (1) Bonds or revenue bonds means bonds, notes, or other securities evidencing an obligation and issued under this article by a county or municipality. (2) County means any county within this state. (3) Finance or f…
Colo. Rev. Stat. § 29-3-104 General powers
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(1) In addition to any other powers, each county and municipality has the following powers: (a) To acquire, whether by construction, purchase, gift, devise, lease, or sublease; to improve and equip; and to finance, refinance, sell, lease, or otherwise dispose of one or more proje…
Colo. Rev. Stat. § 29-3-105 Bonds to be special obligations
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(1) All bonds issued by a county or municipality under the authority of this article shall be special, limited obligations of the county or municipality. Except as provided in section 29-3-116, the principal of and interest on such bonds shall be payable, subject to the mortgage …
Colo. Rev. Stat. § 29-3-106 Form and terms of bonds - exemption from Colorado income tax
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(1) The bonds shall be authorized by resolution of the county commissioners or by ordinance of the municipality; shall be subject to such maximum net effective interest rate; and shall be in such denominations, bear such date, mature at such time not exceeding forty years from th…
Colo. Rev. Stat. § 29-3-107 Bond security
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The principal of, the interest on, and any prior redemption premiums due in connection with the bonds shall be payable from, secured by a pledge of, and constitute a lien on the revenues out of which such bonds shall be made payable. In addition, they may be secured by a mortgage…
Colo. Rev. Stat. § 29-3-108 Terms of proceedings and instruments
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(1) The proceedings under which the bonds are authorized to be issued and any mortgage or trust indenture given to secure the same may contain any provisions customarily contained in instruments securing bonds and constituting a covenant with the bondholders, including, but not l…
Colo. Rev. Stat. § 29-3-109 Investments and bank deposits
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(1) The county or municipality may provide that proceeds from the sale of bonds and special funds from the revenues of the project shall be invested and reinvested in such securities and other investments, whether or not any such investment or reinvestment is authorized under any…
Colo. Rev. Stat. § 29-3-110 Acquisition of project
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(1) The county or municipality may also provide that: (a) The project and improvements to be constructed, if any, shall be constructed by the county or municipality, the user, the user's designee, or any one or more of them on real estate owned by the county or municipality, the …
Colo. Rev. Stat. § 29-3-111 Limited obligation
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In making such agreements or provisions, a county or municipality shall not obligate itself, except with respect to the project and the application of the revenues therefrom and bond proceeds therefor. Source: L. 67: p. 674, � 11. C.R.S. 1963: � 36-24-11.
Colo. Rev. Stat. § 29-3-112 Rights upon default
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(1) The proceedings authorizing any bonds, or any mortgage securing such bonds, may provide that if there is a default in the payment of the principal of, the interest on, or any prior redemption premiums due in connection with the bonds or in the performance of any agreement con…
Colo. Rev. Stat. § 29-3-113 Determination of revenue
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(1) Prior to entering into a financing agreement for the project and the issuance of bonds in connection therewith, the governing body must determine: (a) The amount necessary in each year to pay the principal of and the interest on the first bonds proposed to be issued to financ…
Colo. Rev. Stat. § 29-3-114 Financing of project
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Prior to the issuance of any bonds authorized by this article, the county or municipality shall enter into a financing agreement with respect to the project with a user providing for payment to the county or municipality of such revenues as, upon the basis of such determinations …
Colo. Rev. Stat. § 29-3-115 Option to purchase
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(1) A lease may grant the user of a project an option to purchase all or a part of the project at a stipulated purchase price or at a price to be determined upon appraisal as is provided in the lease. (2) The option may be exercised at such time as the lease may provide. (3) The …
Colo. Rev. Stat. § 29-3-116 Refunding
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(1) Any bonds issued pursuant to the provisions of this article and at any time outstanding may be refunded at any time and from time to time by a county or municipality by the issuance of its refunding bonds in such amount as the governing body may determine to refund the princi…
Colo. Rev. Stat. § 29-3-117 Application of proceeds
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(1) The proceeds from the sale of any bonds shall be applied only for the purpose for which the bonds were issued and if, for any reason, any portion of such proceeds are not needed for the purpose for which the bonds were issued, such unneeded portion of the proceeds shall be ap…
Colo. Rev. Stat. § 29-3-118 No payment by county or municipality
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(1) No county or municipality has the power to pay out of its general fund or otherwise contribute any part of the costs of acquiring a project and, unless specifically acquired for uses of the character described in this article or unless the land is determined by the governing …
Colo. Rev. Stat. § 29-3-119 No county or municipal operation
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(1) When all principal of, interest on, and any prior redemption premium due in connection with the bonds issued for a project leased to a user have been paid in full and in the event the option to purchase or option to renew the lease, if any, contained in the lease has not been…
Colo. Rev. Stat. § 29-3-120 Payment in lieu of taxes
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(1) Pursuant to section 4 of article X of the state constitution, all property owned by a county or municipality pursuant to this article shall be and remain exempt from taxation. Nevertheless, any county or municipality acquiring or extending any project as provided in this arti…
Colo. Rev. Stat. § 29-3-121 Eminent domain not available
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No land acquired by a county or municipality by the exercise of condemnation through eminent domain can be used for the project to effectuate the purposes of this article. Source: L. 67: p. 677, � 21. C.R.S. 1963: � 36-24-21.
Colo. Rev. Stat. § 29-3-122 Limitation of actions
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No action shall be brought questioning the legality of any contract, financing agreement, mortgage, trust indenture, proceeding, or bonds executed in connection with any project or improvements authorized by this article on and after thirty days from the effective date of the res…
Colo. Rev. Stat. § 29-3-123 Sufficiency of article
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(1) This article, without reference to other statutes of the state, constitutes full authority for the exercise of powers granted in this article, including but not limited to the authorization and issuance of bonds under this article. (2) No other act or law with regard to the a…
Colo. Rev. Stat. § 29-4-101 Short title
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This part 1 shall be known and may be cited as the City Housing Law. Source: L. 35: p. 498, � 1. CSA: C. 82, � 4. CRS 53: � 69-2-1. C.R.S. 1963: � 69-2-1.
Colo. Rev. Stat. § 29-4-102 Legislative declaration
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(1) It is hereby declared: (a) That unsanitary or unsafe dwelling accommodations exist in the various cities and that such unsafe or unsanitary conditions arise from overcrowding and concentration of population, the obsolete and poor condition of the buildings, improper planning,…
Colo. Rev. Stat. § 29-4-103 Definitions
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As used in this part 1, unless the context otherwise requires: (1) Authority or housing authority means an authority established in accordance with the provisions of part 2 of this article and any amendments or supplements thereto. (2) Bonds means bonds, interim receipts, or othe…
Colo. Rev. Stat. § 29-4-104 Powers of cities to undertake projects
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(1) Every city has power and is authorized: (a) To construct, acquire, own, or lease any housing project within the city; (b) To contract debts for the construction of any housing project within the city, to borrow money, to issue its bonds to finance such construction, and to pr…
Colo. Rev. Stat. § 29-4-105 Eminent domain
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(1) Every city has the right to acquire by eminent domain any property, real or personal, which it may deem necessary to carry out the purposes of this part 1 after the adoption by it of a resolution declaring that the acquisition of the property described therein is in the publi…
Colo. Rev. Stat. § 29-4-106 Acquisition of land for government
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A city may acquire by purchase or by the exercise of the power of eminent domain any property, real or personal, which it may deem necessary for any housing project being constructed or operated by a government or an authority. The city, upon such terms and conditions and for suc…
Colo. Rev. Stat. § 29-4-107 Management of housing projects
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(1) The city, at the city's sole and absolute discretion, may: (a) Contract with a nonprofit entity or private entity to manage, maintain, and operate any housing project constructed, acquired, owned, or leased by the city; or (b) Deliver possession of any housing projects constr…
Colo. Rev. Stat. § 29-4-108 Moneys of city
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All proceeds received from the sale of the bonds, all moneys received from the federal government, and all revenues received by any city from any housing project shall be paid to the financial officer of the city designated for such purposes, who shall not commingle any such mone…
Colo. Rev. Stat. § 29-4-109 Construction contracts and costs
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(1) Any contract for the construction of a housing project or any part thereof may be awarded by the city upon any day at least five days, excluding Sundays, after at least one publication of notice requesting bids upon such contract in a newspaper circulating in the city, or if …
Colo. Rev. Stat. § 29-4-110 Bonds secured by taxes - maturity
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(1) The council shall submit to an election the question of the authorization of the issuance of bonds payable from taxes or additionally secured by taxes. Such bonds shall mature at such times, not exceeding fifteen years from their respective dates, as the council provides. Suc…
Colo. Rev. Stat. § 29-4-1101 Short title
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The short title of this part 11 is the Middle-income Housing Authority Act. Source: L. 2022: Entire part added, (SB 22-232), ch. 354, p. 2516, � 2, effective June 3.
Colo. Rev. Stat. § 29-4-1102 Legislative declaration
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(1) The general assembly finds and declares that: (a) There is an acute shortage of affordable middle-income housing in the state, particularly in fast-growing areas where jobs are being created. Housing is increasingly not affordable for essential workers such as nurses, teacher…
Colo. Rev. Stat. § 29-4-1103 Definitions
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As used in this part 11, unless the context otherwise requires: (1) Affordable rental housing component means the property and activities included in a public-private partnership that are part of an affordable rental housing project or are related to providing housing assistance …
Colo. Rev. Stat. § 29-4-1105 General powers
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(1) In addition to any other powers granted to the authority in this part 11, 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 perp…
Colo. Rev. Stat. § 29-4-1106 Additional powers - affordable workforce housing projects
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(1) In addition to the powers specified in section 29-4-1105, the authority has the following powers: (a) To acquire, construct, rehabilitate, own, operate, and finance affordable rental housing projects; (b) To consult with a qualified nonprofit organization, county, municipalit…
Colo. Rev. Stat. § 29-4-1107 Powers of the board - selection of projects - ownership - report
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(1) (a) On or before April 1, 2023, the authority shall publish the first solicitation for proposals as part of an initial pilot program and must complete the review and selection process on or before July 1, 2023, in accordance with the requirements set forth in this section. Th…
Colo. Rev. Stat. § 29-4-1108 Relationship of authority and other jurisdictions
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(1) The provision of affordable rental housing by the authority is a matter of statewide concern and therefore each county, municipality, or special district in which an affordable rental housing project is located, in connection with the project, shall provide governmental servi…
Colo. Rev. Stat. § 29-4-1109 Bonds
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(1) (a) The authority may issue bonds to finance its affordable rental housing projects, to finance the affordable rental housing component in a public-private partnership, or to accomplish or further any of its powers or duties relating to affordable rental housing projects. (b)…
Colo. Rev. Stat. § 29-4-111 Bonds not secured by taxes authorized by resolution
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(1) The council may authorize the issuance of bonds not payable from or additionally secured by taxes by a resolution which shall state in substance: (a) The amount or maximum amount of bonds to be issued; (b) The housing projects for the financing of which such bonds are to be i…
Colo. Rev. Stat. § 29-4-1110 Agreement of the state not to limit or alter rights of obligees
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The state pledges and agrees with the holders of any bonds issued under this part 11 and with those parties who enter into contracts with the authority that the state will not impair the rights vested in the authority or the rights or obligations of any person with which the auth…
Colo. Rev. Stat. § 29-4-1111 Issuance of funds to the authority
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On July 1, 2022, the state treasurer shall issue to the authority a warrant paid from the general fund in an amount equal to one million dollars for use by the authority consistent with the provisions of this part 11. Source: L. 2022: Entire part added, (SB 22-232), ch. 354, p. 2…
Colo. Rev. Stat. § 29-4-1112 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 11, whet…
Colo. Rev. Stat. § 29-4-1114 This part 11 not a limitation of powers
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Nothing in this part 11 constitutes a restriction or limitation upon any other powers that the authority might otherwise have under any other law of the state, and this part 11 is cumulative to any such powers. This part 11 does and is construed to provide a complete, additional,…
Colo. Rev. Stat. § 29-4-1115 Construction of this part 11
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The grant of authority pursuant to this part 11 is in addition to all other authority provided by law. Nothing in this part 11 limits the authority of the state, a local government, or a political subdivision of the state, including the Colorado housing and finance authority crea…
Colo. Rev. Stat. § 29-4-112 Tax resolution - payment of bonds
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(1) Before delivering any bonds payable from or additionally secured by taxes and authorized to be issued pursuant to this part 1, the council shall adopt a resolution, referred to in this part 1 as the tax resolution, which shall recite in substance that adequate provision will …
Colo. Rev. Stat. § 29-4-113 Form of bonds - rate of interest
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(1) The bonds of the city shall be issued in one or more series and shall bear such dates, bear interest at such rates, be in such denominations which may be made interchangeable, be in such form, either coupon or registered, carry such registration privileges, be executed in suc…
Colo. Rev. Stat. § 29-4-114 Provisions of bonds, mortgages, or trust indentures
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(1) In connection with the issuance of bonds or the incurring of any obligations under a lease, and in order to secure the payment of such bonds or obligations, the city has power: (a) To pledge by resolution, trust indenture, mortgage subject to the limitations imposed in this p…