§ 11-58-101. Short Title

This article shall be known and may be cited as the “Public Securities Information Reporting Act”. Source: L. 91: Entire article added, p. 667, § 1, effective June 1.

§ 11-58-102. Legislative Declaration

The general assembly hereby declares that the annual disclosure of financial and credit information for nonrated public securities will benefit both issuers and investors by expanding and stabilizing the market for nonrated public securities and thereby improve the marketability of such securities. The general assembly further declares that issuers of nonrated public securities are strongly […]

§ 11-58-103. Definitions

As used in this article, unless the context otherwise requires: “Annual information report” means a written report completed on forms prescribed by the director of the department of local affairs. “Conduit financing” means an outstanding nonrated public security for which a private profit making or nonprofit making issuer constitutes the ultimate credit source for the […]

§ 11-58-104. Applicability of Article

This article applies to the state, any political subdivision thereof, and any district, board, commission, authority, or other public corporate body in the state if there are at the time outstanding nonrated public securities which such entity has issued to the public or on its behalf has caused to be issued to the public. Source: […]

§ 11-58-105. Annual Information Report

Each issuer of nonrated public securities issued pursuant to sections 31-25-107 (9) and 31-25-807 (3), C.R.S., and title 32, C.R.S., shall make public within sixty days following the end of each of such issuer’s fiscal year ending on or after December 31, 1991, an annual information report or reports with respect to any of such […]

§ 11-58-107. Immunity From Liability

The issuer or any public employee thereof shall be immune from liability for information contained in or omitted from any annual information report concerning a nonrated public security unless the inclusion or omission of such information was willful and wanton for the purpose of materially misleading actual or potential holders of such nonrated public security. […]