§ 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, […]
§ 32-22-115. 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 […]
§ 32-22-116. 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.
§ 32-22-117. Reporting – Auditing
No later than January 31, 2024, and no later than each January 31 thereafter, the district shall publish and present at a joint meeting of the transportation and local government committee of the House of Representatives and the transportation and energy committee of the Senate, or their successor committees, a comprehensive annual report of its […]
§ 32-22-102. Definitions
As used in this article 22, unless the context otherwise requires: “Board” means the board of directors of the district. “Bond” means any bond, note, interim certificate, contract, or other obligation of the district authorized by and issued pursuant to this article 22. “Construct” or “construction” means the planning, designing, engineering, acquisition, installation, construction, or […]
§ 32-22-103. Front Range Passenger Rail District – Creation – Purpose – Boundaries
The front range passenger rail district is hereby created as a body politic and corporate and a political subdivision of the state. The district is not an agency of state government and is not subject to administrative direction by any department, commission, board, bureau, or agency of the state. The purpose of the district is […]
§ 32-22-104. Board of Directors – Appointment – Meetings – Compensation – Conflicts of Interest
The district is governed by a board of directors, all of whom shall represent the residents of the district, which consists of: Six directors appointed by the governor and confirmed by the senate. The directors appointed by the governor shall support the purposes of the district as outlined in subsection (2) of this section, and […]
§ 32-22-105. Board of Directors – Powers and Duties
Except as otherwise specifically provided in this article 22, the board, acting by a majority vote of a quorum of its total membership, shall exercise and perform all powers, privileges, and duties vested in or imposed upon the district pursuant to this article 22. The board may delegate any of its powers to its officers […]
§ 32-22-106. District – General Powers and Duties – Funds Created
In addition to any other powers granted to the district by this article 22, the district has the following powers: To have perpetual existence; To sue and be sued; To enter into contracts and agreements with any person, including the United States department of transportation and Amtrak, as necessary to exercise its powers and fulfill […]