§ 29-4-728. Revolving Fund Established
The board shall establish a revolving fund and shall pay into such revolving fund any moneys made available by the federal, state, or local government for the purpose of assisting in the provision of housing facilities for low- and moderate-income families. The board shall also deposit in such fund any other moneys which may be […]
§ 29-4-729. Reporting
The authority shall submit to the governor and the health, environment, welfare, and institutions committees of the house of representatives and the senate within six months after the end of the fiscal year a report that shall set forth a complete and detailed operating and financial statement of the authority during such year. Also included […]
§ 29-4-730. Powers of the Authority – Investments
The authority has the power: To invest any funds held in reserve, sinking funds, capital reserve funds, or any funds not required for immediate disbursement in property or in securities in which the state treasurer may legally invest funds subject to his control; and to sell from time to time such securities thus purchased and […]
§ 29-4-731. Agreement of This State
This state does hereby pledge to and agree with the holders of any notes or bonds issued under this part 7 that this state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the said holders thereof or in any way impair the […]
§ 29-4-732. This Part 7 Not a Limitation of Powers
Nothing in this part 7 shall be construed as a restriction or limitation upon any other powers which the authority might otherwise have under any other law of this state, and this part 7 is cumulative to any such powers. This part 7 does and shall be construed to provide a complete, additional, and alternative […]
§ 29-4-734. Termination of Powers
On and after June 30, 1992, the authority may not make equity investments pursuant to the powers granted to the authority by section 29-4-719.1 (2)(d). The authority may continue to discharge all present and future obligations regarding equity investments made prior to June 30, 1992. Source: L. 87: Entire section added, p. 1196, § 14, […]
§ 29-4-735. Colorado Strategic Seed Fund Council – Creation
There is hereby created the Colorado strategic seed fund council. Said council shall be composed of nine members, as follows: Four venture capitalists, one management consultant, and two institutional investors, all of whom shall be appointed by the governor, and one member appointed by the president of the senate and one member appointed by the […]
§ 29-4-725. Nonliability of State for Bonds
The state of Colorado shall not be liable for bonds of the authority, and such bonds shall not constitute a debt of the state. The bonds shall contain on the face thereof a statement to such effect. Source: L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-20. Editor’s note: This section was originally numbered […]
§ 29-4-726. Members of Authority Not Personally Liable on Bonds
Neither the members of the board nor any authorized person executing bonds issued pursuant to this part 7 shall be personally liable for such bonds by reason of the execution or issuance thereof. Source: L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-21. Editor’s note: This section was originally numbered as § 29-4-721 in […]
§ 29-4-727. Property Taxation – Exemption of Bonds From Taxation
In any instance where a proposed housing facility or project, whether owned by the authority or by another sponsor, would qualify for a property tax exemption under the laws of Colorado, the board may require that, as a condition for a loan or other assistance under this part 7, any such property shall be subject […]