§ 23-71-601. Definitions
As used in this part 6, unless the context otherwise requires: “Board of trustees” means the governing body authorized by law to administer the affairs of any local college district. “District” means a local college district organized and existing pursuant to law. “Federal securities” means the bills, certificates of indebtedness, notes, or bonds which are […]
§ 23-71-602. Refunding Bonds May Be Issued
Any district in this state may issue negotiable coupon bonds to be denominated refunding bonds for the purpose of refunding any of the bonded indebtedness of such district, whether said indebtedness is due or not due or has or may hereafter become payable or redeemable at the option of such district, or by consent of […]
§ 23-71-603. Question of Issuing Refunding Bonds
When the board of trustees of any district deems it expedient to issue refunding bonds under the provisions of this part 6 and the net effective interest rate and the net interest cost of said issue of refunding bonds do not exceed the net effective interest rate and the net interest cost of the outstanding […]
§ 23-71-604. Authorization – Form – Interest
Such refunding bonds shall be authorized by a resolution fixing the date, the denominations, the rate of interest on individual bonds, the maturity dates which shall not be more than twenty-five years after the date of such refunding bonds, and the place of payment, within or without the state of Colorado, of both principal and […]
§ 23-71-516. Sale at Less Than Par – Discount
If it is found to be in the best interest of the district, the board of trustees may issue such bonds and accept therefor less than their face value; but such bonds shall be sold at a price such that the net effective interest rate for the issue of bonds does not exceed the maximum […]
§ 23-71-605. Sale – Proceeds – Amounts
Such refunding bonds may be exchanged for the bonds to be refunded, or they may be sold at, above, or below their par value; but such refunding bonds shall be exchanged or sold at a price such that the net interest cost and the net effective interest rate for the issue of refunding bonds does […]
§ 23-71-517. Board of Trustees to Certify Needed Revenues
If the board of trustees has issued any of said bonds at the time of certifying to the board of county commissioners a statement showing the amount necessary to raise from the taxable property of said district for the general fund as required by law, it shall also certify to said board of county commissioners […]
§ 23-71-606. Needed Revenues – Tax Levy – Miscellaneous
Whenever a board of trustees issues refunding bonds under the provisions of this part 6, sections 23-71-517 to 23-71-521 shall be applicable to said refunding bonds and the procedures therefor, in the same manner as prescribed for other district bonds; except that any such refunding bonds shall be payable from the same funds which are […]
§ 23-71-518. Tax Levy to Pay Principal and Interest
If any district has issued bonds under the provisions of this part 5, it is the duty of the board of county commissioners of the county in which said district is situated, at the time of levying other district taxes, to levy a tax on all the taxable property of said district at a rate […]
§ 23-71-607. Application of Bond Proceeds – Procedures – Limitations
The proceeds derived from the issuance of any refunding bonds under the provisions of this part 6 shall either be immediately applied to the payment or redemption and retirement of the bonds to be refunded and the cost and expense incident to such procedures or shall immediately be placed in escrow to be applied to […]