§ 30-26-501. Short Title
This part 5 shall be known and may be cited as the “County Capital Improvement Trust Fund Financing Act”. Source: L. 82: Entire part added, p. 484, § 1, effective July 1.
§ 30-26-502. Legislative Declaration
It is hereby declared to be the public policy of the state to facilitate, assist, and promote the efforts of counties within this state in the planning, construction, acquisition, improvement, equipping, maintenance, and operation of public projects. It is further the intent of the general assembly: To authorize counties in this state to finance the […]
§ 30-26-503. Definitions
As used in this part 5, unless the context otherwise requires: “Board” means the board of county commissioners or other governing body of any county. “Bonds” means any revenue bonds or other obligations issued by a county pursuant to this part 5 but does not include general obligation bonds. “County” means any county within this […]
§ 30-26-504. Authority for Establishment of County Capital Improvement Trust Funds
Each county is hereby authorized to create a county capital improvement trust fund to be used for the purposes set forth in this part 5. Moneys on deposit in any county capital improvement trust fund, and the proceeds from the investment of such funds, shall be used solely and exclusively for the purposes authorized by […]
§ 30-26-505. Bonds – Issuance – Terms
Any county, in addition to all other powers authorized by law, may, from time to time: Issue revenue bonds, in such principal amounts as the county may deem necessary or appropriate, for the purpose of financing any project, including the payment, funding, or refunding of the principal of, any premium on, and the interest on […]
§ 30-26-506. Pledge of Revenues, Funds, or Other Property Lien
Any pledge of revenues, moneys, funds, or other property made by a county pursuant to the provisions of this part 5 shall be valid and binding from the time when the pledge is made; the revenues, moneys, funds, or other property so pledged and thereafter received by such county shall immediately be subject to the […]
§ 30-26-507. Personal Liability
Neither the members of the board of a county nor any person executing bonds or notes issued pursuant to this part 5 shall be personally liable on any bonds of such county by reason of the issuance of such bonds. Source: L. 82: Entire part added, p. 488, § 1, effective July 1.
§ 30-26-508. Bonds – Exempt From Taxation
Any bonds issued under the provisions of this part 5, the transfer of any such bonds, and the income from such bonds shall be free from taxation by the state or any political subdivision or other instrumentality of the state. Source: L. 82: Entire part added, p. 488, § 1, effective July 1.
§ 30-26-509. Annual Audit
Each county for which a county capital improvement trust fund has been established shall prepare and submit, in accordance with the provisions of article 1 of title 29, C.R.S., an annual audit report of its activities with respect to such fund for the preceding fiscal year. Source: L. 82: Entire part added, p. 488, § […]
§ 30-26-510. Bonds – Eligible for Investment
Bonds issued under the provisions of this part 5 are hereby made securities in which all insurance companies, trust companies, banking associations, savings and loan associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest moneys, including capital, under the control of or belonging to such entities. Public entities, as defined […]
§ 30-26-511. Agreement of Counties
Any county is authorized to enter into agreements with the state or any of its agencies or departments, any of its political subdivisions, any agency or department of the United States, or any person with respect to any project in order to facilitate the financing, acquisition, and construction of such project and to promote the […]
§ 30-26-512. Effect on Inconsistent Acts and Rules and Regulations
It is the intent of the general assembly that, in the event of any conflict or inconsistency between the provisions of this part 5 and any other statute pertaining to matters established or provided for in this part 5 or in any rules and regulations adopted under this part 5 or under any other statutes, […]
§ 30-26-513. Construction of This Part 5
This part 5 shall be liberally construed to effectuate the legislative intent and the purposes of this part 5 as the complete and independent authority for the performance of each and every act and thing authorized in this part 5. All the powers granted in this part 5 shall be broadly interpreted to effectuate such […]