§ 22-30.5-401. Short Title
This part 4 shall be known and may be cited as the “Charter School Facilities Financing Act”. Source: L. 2002: Entire part added, p. 1753, § 31, effective June 7.
§ 22-30.5-402. Legislative Declaration
The general assembly hereby finds and declares that: The “Charter Schools Act”, part 1 of this article, was enacted by the general assembly without providing a method for funding the capital construction needs of charter schools; Since the enactment of the “Charter Schools Act”, the general assembly has enacted legislation requiring a portion of the […]
§ 22-30.5-403. Definitions
As used in this part 4, unless the context otherwise requires: “Board of education” or “board” means a school district board of education. “Budget year” means the period beginning on July 1 of each year and ending on the following June 30 for which a budget for a district is adopted. “Charter school” means a […]
§ 22-30.5-404. Needs-Based Inclusion of Charter Schools in District Bond Elections – Eligibility – Allocation of Bond Revenues
In enacting this section, it is the intent of the general assembly to respect the principle of school district local control and to encourage school districts and charter schools to work together to ensure that the capital construction needs of charter schools can be met. Accordingly, nothing in this section shall be construed to limit […]
§ 22-30.5-405. Mill Levy for Charter School Capital Construction
With the agreement of all charter schools that will receive the revenues generated by a special mill levy, the board of education of any school district shall, at any time at which a ballot issue arising under section 20 of article X of the state constitution may be decided, submit to the eligible electors of […]
§ 22-30.5-406. Direct Payment of Charter School Bonds by the State Treasurer and School Districts
For the purpose of enhancing the ability of a charter school or an institute charter school to obtain favorable financing terms on bonds issued on behalf of the charter school or institute charter school by a governmental entity other than a school district for the purpose of financing charter school capital construction, a charter school […]
§ 22-30.5-407. State Charter School Debt Reserve Fund – Creation – Use of Fund Moneys – Legislative Declaration
The general assembly hereby finds and declares that: The state charter school debt reserve fund created by this section is intended to enhance the ability of any qualified charter school that chooses to finance capital construction with revenues from bonds issued on behalf of the qualified charter school by the Colorado educational and cultural facilities […]
§ 22-30.5-408. Replenishment of Qualified Charter School Debt Service Reserve Funds – Additional Responsibilities – State Treasurer – Qualified Charter Schools – Definitions
As used in this section: “Charter school debt service reserve fund” means a reasonably required debt service reserve fund or account that has been funded with proceeds derived from the issuance of qualified charter school bonds or other moneys of the qualified charter school. “Investment grade” means debt obligations that are rated in one of […]
§ 22-30.5-409. Annual Reports on Bonds Issued on Behalf of Charter Schools – Review by State Auditor
Prior to January 30, 2003, and prior to January 30 of each year thereafter, the Colorado educational and cultural facilities authority created in section 23-15-104 (1)(a), C.R.S., shall submit a report to the state auditor that includes information concerning the issuance of qualified charter school bonds, as defined in section 22-30.5-408 (1)(d), that have resulted […]