§ 24-115-114. No Action Maintainable
An action or proceeding at law or in equity to review any act or proceeding or to question the validity or enjoin the performance of any act or proceeding or the issuance of any notes or for any other relief against or from any act or proceeding done under this article, whether based upon irregularities […]
§ 24-115-115. Annual Reports
No later than January 15 of any year in which notes issued pursuant to this article are outstanding or any moneys are in the critical needs fund, each issuing authority shall submit a report to the members of the joint budget committee of the general assembly and the members of the legislative audit committee of […]
§ 24-115-116. Investments
Except as otherwise provided in subsection (2) of this section, proceeds from the issuance of notes may be invested in any manner in which public moneys generally may be invested as provided by section 24-75-601.1 or any other applicable law. An issuing authority, in consultation with the state treasurer, may direct a corporate trustee that […]
§ 24-115-101. Short Title
This article shall be known and may be cited as the “Critical State Needs Financing Act”. Source: L. 2005: Entire article added, p. 745, § 1, effective June 1.
§ 24-115-117. Construction of Article
The powers conferred by this article shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by this article shall not directly or indirectly modify, limit, or affect, the powers conferred to the department, the executive director, or the commission by the state constitution or by any other law. […]
§ 24-115-102. Legislative Declaration
The general assembly hereby finds and declares that: The population of the state has grown rapidly in recent years, and that growth has increased the burdens placed upon state and local governments. The state and local governments have found it difficult to maintain existing infrastructure and to fully fund critical needs due to a decline […]
§ 24-115-118. Voter Approval Required
Notwithstanding any other provision of this article, the corporation, the department, the board, and the executive director shall have the authority to issue notes and otherwise exercise the powers specified in this article only if voters statewide approve House Bill 05-1194, enacted at the first regular session of the sixty-fifth general assembly, at the November […]
§ 24-115-103. Definitions
As used in this article, unless the context otherwise requires: “Board” means the board of directors of the critical needs financing corporation. “Commission” means the transportation commission created in section 43-1-106 (1), C.R.S. “Corporation” means the critical needs financing corporation created in section 24-115-104 (1). “Department” means the department of transportation created in section 43-1-103 […]
§ 24-115-104. Critical Needs Financing Corporation – Creation – Composition of Board of Directors – Powers
There is hereby created an independent public body politic and corporate to be known as the critical needs financing corporation. The corporation shall be a body corporate and an instrumentality of the state and shall not be an agency of state government and shall not be subject to administrative direction by any department, commission, board, […]
§ 24-115-105. Organizational Meeting – Chair – Personnel – Surety Note – Conflict of Interest
The director of the office of state planning and budgeting shall call and convene the initial organizational meeting of the board and shall serve as its chair pro tempore. At the meeting, appropriate bylaws shall be presented for adoption. The bylaws may provide for the election or appointment of officers, the delegation of certain powers […]