§ 23-71-609. Validation
All outstanding bonds and all acts and proceedings had or taken, or purportedly had or taken, prior to July 1, 1964, by or on behalf of any district under law or under color of law preliminary to and in the authorization, execution, sale, issuance, and payment of such bonds are validated, ratified, approved, and confirmed, […]
§ 23-71-610. Prior Obligations Not Impaired
Nothing in this part 6 shall impair the obligations of any bonds, or the refunding thereof, issued by a district prior to July 1, 1964, or otherwise invalidate any such bond or the obligations or refunding thereof. Source: L. 75: Entire article added, p. 781, § 1, effective July 1.
§ 23-71-701. Short Title
This part 7 shall be known and may be cited as the “Local District College Revenue Securities Law”. Source: L. 75: Entire article added, p. 781, § 1, effective July 1.
§ 23-71-702. Definitions
As used in this part 7, unless the context otherwise requires: “Committee” means the governing body of a district or any successor governing body of the district. “District” means any local college district operating pursuant to the laws of this state. “Facilities” means buildings, structures, or other income-producing facilities from the operation of which or […]
§ 23-71-703. Power to Issue Securities
The committee of any district, pursuant to authorizing resolution and subject to the provisions and contractual limitations in resolutions authorizing outstanding revenue bonds and other securities of the district, may issue, without an election, securities to defray, in whole or in part, the cost of a project in the manner provided in and subject to […]
§ 23-71-704. Interim Securities
The committee may issue interim securities, which may be designated “bonds”, “notes”, or “warrants”, evidencing any emergency loans, construction loans, and other temporary loans of not exceeding three years, in supplementation of long-term financing, such interim securities to be funded with the proceeds of long-term securities, net pledged revenues, or further interim securities, or any […]
§ 23-71-705. Terms of Securities
Except to the extent inconsistent with this part 7, any securities issued under this part 7 for any project shall be issued in the form and manner and with the effect provided in sections 11-54-111 and 11-54-112, C.R.S., for public securities issued under the “Refunding Revenue Securities Law”. The authorizing resolution, trust indenture, or other […]
§ 23-71-706. Payable From Special Fund
The securities shall be payable and collectible, as to principal, interest, and any prior redemption premium, solely out of net pledged revenues; the holder thereof may not look to any general or other fund for such payment of such securities, except the net revenues pledged therefor; the securities shall not constitute an indebtedness or a […]
§ 23-71-707. Recital of Regularity
A resolution providing for the issuance of bonds or other securities under this part 7 or an indenture or other proceedings appertaining thereto may provide that the securities contain a recital that they are issued pursuant to this part 7, which recital shall be conclusive evidence of their validity and the regularity of their issuance. […]
§ 23-71-708. Committee Determination Conclusive
The determination of the committee that the limitations imposed under this part 7 upon the issuance of securities under this part 7 have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion, regardless of whether the authorizing resolution or the securities thereby authorized contain a recital as […]