17-5-101. Definitions. As used in this part, the following definitions apply: (1) ”Bonds” include bonds, notes, warrants, debentures, certificates of indebtedness, temporary bonds, temporary notes, interim receipts, interim certificates, and all instruments or obligations evidencing or representing indebtedness, evidencing or representing the borrowing of money, or evidencing or representing a charge, lien, or encumbrance on specific revenues, […]
17-5-102. Rate of interest on bonds to be determined by governing bodies. (1) Bonds of a political subdivision shall bear interest at such rate or rates as its governing body shall determine. (2) The provisions of this section establish the rate of interest on bonds of political subdivisions as defined in 17-5-101 and expressly supersede any other […]
17-5-103. Rate of interest on special assessments determined by governing bodies — limitations. All special assessments levied by a political subdivision must bear interest at a rate or rates determined by the political subdivision’s governing body, except that the rate may not exceed the greater of 7% per annum or, in the event that the special […]
17-5-104. Effect of revisions on bonds previously authorized. If prior to April 23, 1981, a political subdivision was authorized to issue bonds pursuant to a law that limited the rate of interest on the bonds, it may issue all of the bonds so authorized under the provisions of 17-5-102 even if the rate of interest on […]
17-5-105. Redemption of bonds — optional method. Between April 23, 1981, and July 1, 1983, a governing body in connection with the issuance of bonds may, at its option, provide that such bonds shall be redeemable at such time or times and upon such terms and conditions as the governing body shall deem to be in […]
17-5-106. Notice of public bond sale. Notwithstanding any other provision of state law relating to the publication of notice in advance of the sale of bonds, it is sufficient to publish the notice once a week for 2 consecutive weeks preceding the sale. History: En. Sec. 1, Ch. 173, L. 1987.
17-5-107. Public or private sale — procedure for public sale. (1) The governing body of a political subdivision may sell its bonds at public or private sale as determined by the governing body and, if the bonds are sold at private sale, in denominations and forms approved by the governing body. If the governing body conducts […]
17-5-108 through 17-5-110 reserved.
17-5-111. Electronic submission of bids. Any bid for the purchase of bonds to be submitted in writing or as a sealed bid may also be submitted by facsimile or other electronic transmission or through an electronic bidding system, as authorized by the governing body in the resolution authorizing the sale of the bonds. History: En. Sec. 21, […]
17-5-112 through 17-5-115 reserved.
17-5-116. Allocation of bonding limits — American Recovery and Reinvestment Act of 2009. Unless the regulations adopted by the United States secretary of the treasury specify otherwise: (1) the office of public instruction is responsible for allocating the state’s share of qualified school construction bonds as authorized in section 1521 of the American Recovery and Reinvestment Act […]
17-5-117. Tax credit bonds. (1) As used in this section, “tax credit bond” means any general obligation bond, impact aid revenue bond, special improvement district bond, revenue bond, industrial development bond, tax increment bond, or any other bond of the state or a political subdivision that has been duly authorized and is eligible for designation as […]
