§ 29-23-111. Agreement of the State Not to Limit or Alter Rights of Obligees
The state hereby pledges and agrees with the holders of any bonds issued under this article and with those parties who enter into contract with the authority that the state will not limit, alter, restrict, or impair the rights vested in the authority or the rights or obligations of any person with which it contracts […]
§ 29-23-112. Investments
The authority may invest or deposit any funds in the manner provided by part 6 of article 75 of title 24, C.R.S. In addition, the authority may direct a corporate trustee which holds funds of the authority to invest or deposit such funds in investments or deposits other than those specified by such part 6 […]
§ 29-23-113. Bonds Eligible for Investment
All banks, trust companies, savings and loan associations, insurance companies, executors, administrators, guardian trustees, and other fiduciaries may legally invest any moneys within their control in any bonds issued under this article. Public entities, as defined in section 24-75-601 (1), C.R.S., may invest public funds in such bonds only if such bonds satisfy the investment […]
§ 29-23-114. Exemption From Taxation – Securities Laws
The income or other revenues of the authority, all property interests of the authority, any bonds issued by the authority, and the transfer of and the income from any bonds issued by the authority shall be exempt from all taxation and assessments of the state. Bonds issued by the authority shall be exempt from the […]
§ 29-23-115. Limitation of Actions
An action or proceeding, at law or in equity, to question the validity or enjoin the performance of any act or proceeding relating to the issuance of any bond of the authority shall be barred unless commenced within thirty days after the performance of the act or the effective date thereof, whichever is later. Source: […]
§ 29-23-101. Short Title
This article shall be known and may be cited as the “Pueblo Depot Activity Development Authority Act”. Source: L. 94: Entire article added, p. 954, § 1, effective April 28.
§ 29-23-102. Legislative Declaration
The general assembly hereby finds and declares that: Changes in the world’s political, social, and economic policies have resulted in changes in the military needs of the United States; Congress has ordered that certain military installations be closed or realigned pursuant to the “Defense Authorization and Base Realignment and Closure Act”, 26 U.S.C. sec. 2687, […]
§ 29-23-103. Definitions
As used in this article, unless the context otherwise requires: “Authority” means the Pueblo depot activity development authority created by this article. “Board” means the board of directors of the Pueblo depot activity development authority. “Bond” means any bond, note, interim certificate, contract, or other evidence of indebtedness of the authority authorized by this article. […]
§ 29-23-104. Authority – Creation
There is hereby created the Pueblo depot activity development authority which shall be a body corporate and politic and a political subdivision of the state. The authority shall not be an agency of state government. The authority shall have perpetual existence and succession. Source: L. 94: Entire article added, p. 956, § 1, effective April […]
§ 29-23-105. Boundaries of the Authority – Inclusion – Exclusion
The area comprising the authority shall consist of: Property may be included in the area comprising the authority upon satisfying the following requirements: The owner of the property considered for inclusion must file a written petition to include property with the board; and The Pueblo county board of county commissioners and the city council of […]