§ 32-22-111. 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 22 and with any parties who enter into contracts with the district pursuant to this article 22 that the state will not impair the rights vested in the district or the rights or obligations of any person with which […]
§ 32-22-112. Investments
The district may invest or deposit any money of the district in the manner provided by part 6 of article 75 of title 24. In addition, the district may direct a corporate trustee that holds district money to invest or deposit the money in investments or deposits other than those specified by said part 6 […]
§ 32-22-113. Bonds Eligible for Investment
All banks, trust companies, savings and loan associations, insurance companies, executors, administrators, guardians, trustees, and other fiduciaries may legally invest any money within their control in any bonds issued pursuant to this article 22. Public entities, as defined in section 24-75-601 (1), may invest public money in the bonds only if the bonds satisfy the […]
§ 32-21-112. District Revenues
Any revenues raised or generated by the district shall be in addition to and shall not be used to replace any funding the counties in the district would otherwise be entitled to receive from the state or federal government. Source: L. 2019: Entire article added, (HB 19-1052), ch. 72, p. 264, § 6, effective August […]
§ 32-22-114. Exemption From Taxation – Securities Laws
The income or other revenue of the district, all properties at any time owned by the district, any bonds issued by the district, and the transfer of and the income from any bonds issued by the district are exempt from all taxation and assessments in the state. In the resolution or indenture authorizing the bonds, […]
§ 32-21-113. Cooperation Between Districts or Other Existing Providers Permitted
A district organized under this article 21 has the authority to contract with or work cooperatively and in conjunction with another district or other public or private provider of early childhood development services to provide services and facilities to the residents of such districts. Source: L. 2019: Entire article added, (HB 19-1052), ch. 72, p. […]
§ 32-22-115. No Action Maintainable
An action or proceeding at law or in equity to review any acts or proceedings or to question the validity or enjoin the performance of any act or proceedings or the issuance of any bonds or for any other relief against or from any acts or proceedings done under this article 22, whether based upon […]
§ 32-21-114. Levy and Collection of Ad Valorem Taxes
A district created pursuant to this article 21 has the power, upon approval by the eligible electors of the district, to levy and collect ad valorem taxes on and against all taxable property within the district. A tax levied by a district in accordance with this section shall take effect on either January 1 or […]
§ 32-22-116. Judicial Examination of Powers, Acts, Proceedings, or Contracts of the District
In its discretion, the board may file a petition at any time in the district court in and for any county in which the district is located wholly or in part seeking a judicial examination and determination of any power conferred to the district, any revenue-raising power exercised or that may be exercised by the […]
§ 32-22-101. Short Title
The short title of this article 22 is the “Front Range Passenger Rail District Act”. Source: L. 2021: Entire article added, (SB 21-238), ch. 401, p. 2656, § 1, effective June 30.