§ 32-22-109. Taxes, Assessments, and Multiple-Fiscal Year Borrowing – Voter Approval Required
No action by the district to establish or increase any tax and no action of the governing body of any station area improvement district to establish or increase any tax or any special assessment on real property authorized by this article 22 shall take effect unless it is first submitted, as applicable, to a vote […]
§ 32-22-110. District – Successor to Southwest Chief and Front Range Passenger Rail Commission – Additional Authority to Succeed Prior Entity – Assumption of Rights, Obligations, and Liabilities
The district is the successor to the contractual rights and obligations of the southwest chief and front range passenger rail commission as the commission existed before its authorizing statutes were repealed and the commission was terminated by Senate Bill 21-238, enacted in 2021, and, to the extent permitted by federal law, also is the successor […]
§ 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 […]
§ 32-22-114. 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 […]