§ 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: […]
§ 29-23-106. Board of Directors – Membership
The authority shall be governed by a board of directors which shall consist of seven members. Three members shall be appointed by the Pueblo county board of county commissioners, three members shall be appointed by the city council of the city of Pueblo, and one shall be jointly appointed by the Pueblo county board of […]
§ 29-23-107. Board of Directors – Organization
The member appointed jointly by the Pueblo county board of county commissioners and the city council of the city of Pueblo shall call and convene the initial organizational meeting of the board and shall serve as the initial chair. At such meeting, the board shall adopt, and at any time may amend, bylaws in relation […]
§ 29-23-108. Board of Directors – Powers and Duties
The board shall have the power to promote the reuse and development of the Pueblo depot activity for the benefit of the community and the state. In addition to any other powers specifically granted to the board in this article, the board has the following powers and duties: To have and to use a seal […]
§ 29-23-109. Annual Report
The authority shall, in addition to any other required audit or reporting requirements, present an annual written program and financial report to the Pueblo county board of county commissioners and the city council of the city of Pueblo no later than ninety days after the close of the authority’s fiscal year. Source: L. 94: Entire […]
§ 29-23-110. Bonds
The authority may, from time to time, issue bonds for any of its corporate purposes. The bonds shall be issued pursuant to resolution of the board and shall be payable solely out of all or a specified portion of the revenues of the authority as designated by the board. Bonds of the authority, as provided […]