C.R.S. Section 24-60-1906
Commission

  • authority to borrow money
  • authority to accept funds

(1)

The Cumbres and Toltec scenic railroad commission may borrow money for the following purposes:

(a)

To make emergency repairs, replacements, or additions to the railroad or to any equipment or facilities related to the operation of the railroad; and

(b)

To make capital expenditures for the development or improvement of the railroad.

(2)

The Cumbres and Toltec scenic railroad commission shall not enter into an agreement to borrow money unless a majority of the members approve a resolution which:

(a)

Specifies the amount of the loan;

(b)

Specifies the purposes of the loan; and

(c)

Authorizes the chairman of the commission to execute all documents on behalf of the commission which may be necessary to negotiate and execute a loan from a financial institution.

(3)

At no time shall the amount of the money borrowed by the Cumbres and Toltec scenic railroad commission pursuant to the provisions of this section exceed two hundred fifty thousand dollars.

(4)

No loan made to the Cumbres and Toltec scenic railroad commission pursuant to the provisions of this section shall create a debt of the state, nor shall such loan constitute a pledge of the general credit of the state or the commission. Such loan shall not constitute personal indebtedness of any member of the commission. No indebtedness entered into by the commission shall be secured by any type of security interest in the real or personal property of the railroad, nor shall such property be subject to any legal process to satisfy a judgment for the indebtedness in the event of nonpayment of the indebtedness.

(5)

The Cumbres and Toltec scenic railroad commission may pledge as security for the repayment of any indebtedness incurred and outstanding under the authority of this section all of the railroad user fees authorized to be charged pursuant to section 24-60-1907.

(6)

The commission may accept gifts, grants, contributions, or other funds from any source for the repayment of any indebtedness incurred pursuant to this section.

Source: Section 24-60-1906 — Commission - authority to borrow money - authority to accept funds, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑60‑101
Compacts recognized and declared to exist
24‑60‑102
Attorney general commissioner for Colorado
24‑60‑103
Compacts designed to suppress crime and enforce the criminal laws, etc
24‑60‑104
Commissioner to be furnished legal and clerical assistance
24‑60‑105
When commissioner to perform duties
24‑60‑106
Powers of commissioner
24‑60‑107
Compensation - traveling expenses
24‑60‑201
Compact approved and ratified
24‑60‑202
Compact
24‑60‑203
Peace officers enter other states without interference
24‑60‑204
Legal requirements to obtain extradition waived
24‑60‑205
Use of jails for temporary lodging recognized
24‑60‑206
Subpoenas, summons and court orders recognized as valid
24‑60‑207
When person on probation or parole may be permitted to reside in other states
24‑60‑208
Supervision over probationers or parolees
24‑60‑209
Probationers or parolees may be retaken
24‑60‑210
Officer shall transport without interference
24‑60‑211
Attorney generals make rules and regulations
24‑60‑212
Compact operative upon ratification
24‑60‑213
Remain in effect until renounced
24‑60‑401
Authority to enter into compacts
24‑60‑402
Compacts to provide rates
24‑60‑403
Prior compacts ratified
24‑60‑501
Disposal of detainers against prisoner based on untried charges
24‑60‑502
Appropriate court - definitions
24‑60‑503
Enforcement - cooperation
24‑60‑504
Habitual criminals - application of part 5
24‑60‑505
Escapes
24‑60‑506
Surrender of inmates
24‑60‑507
Administration
24‑60‑601
Compact
24‑60‑701
Definitions
24‑60‑702
Execution of compact
24‑60‑703
Administrator
24‑60‑704
Supplementary agreements
24‑60‑705
Financial arrangements
24‑60‑706
Responsibility of parents
24‑60‑707
Fee - counsel or guardian ad litem
24‑60‑708
Enforcement
24‑60‑801
Execution of compact
24‑60‑802
Transfer of inmates
24‑60‑803
Enforcement of compact
24‑60‑804
Hearings
24‑60‑805
Contracts
24‑60‑901
Legislative declaration
24‑60‑902
Compact approved and ratified
24‑60‑903
Approval of compact
24‑60‑904
Commissioner appointed - alternate
24‑60‑905
Retirement benefits
24‑60‑906
Other agencies cooperate
24‑60‑907
State contribution limited
24‑60‑908
Compact effective - when
24‑60‑909
Filing of documents
24‑60‑910
Budget submitted
24‑60‑911
Inspection of accounts
24‑60‑912
Governor executive head
24‑60‑1001
Execution of compact
24‑60‑1002
Compact administrator
24‑60‑1003
Supplementary agreements
24‑60‑1004
Annual budget
24‑60‑1005
Court review
24‑60‑1006
Authenticated copies of compact
24‑60‑1101
Compact approved and ratified
24‑60‑1102
Definition of “licensing authority”
24‑60‑1103
Compact administrator - expenses
24‑60‑1104
Executive head - definition
24‑60‑1105
Offenses - assessment of points
24‑60‑1106
Operator’s license under compact
24‑60‑1107
Review by district court
24‑60‑1201
Execution of compact
24‑60‑1202
State education council created
24‑60‑1203
Commission to file bylaws
24‑60‑1204
Membership on commission
24‑60‑1301
Execution of compact
24‑60‑1302
Article XX of state constitution not modified
24‑60‑1303
Executive director to represent state - alternate
24‑60‑1304
Consulting committee
24‑60‑1305
Advisory committee created
24‑60‑1306
Interstate audits
24‑60‑1307
Effective dates
24‑60‑1308
Applicability of article IV of compact
24‑60‑1401
Compact approved and ratified
24‑60‑1402
Governor to appoint member of the board - alternate
24‑60‑1403
Bylaws to be filed with secretary of state
24‑60‑1404
Workers’ compensation act and related acts - applicability
24‑60‑1501
Compact approved and ratified
24‑60‑1502
Limitations on interstate library districts
24‑60‑1503
State political subdivisions to comply with laws
24‑60‑1504
State library agency
24‑60‑1505
State aid to library district located partly within state
24‑60‑1506
Commissioner of education to administer compact
24‑60‑1507
Withdrawal from compact
24‑60‑1601
Short title
24‑60‑1602
Compact approved and ratified
24‑60‑1603
Administration
24‑60‑1701
Execution of compact
24‑60‑1702
When compact effective
24‑60‑1801
Short title
24‑60‑1802
Execution of compact
24‑60‑1803
Additional provisions and definitions
24‑60‑1901
Ratification of compact
24‑60‑1902
Interstate agency created
24‑60‑1903
Appointment of members of compact commission
24‑60‑1904
Payment of expenses of compact commission
24‑60‑1905
Commissioners exempt from civil liability
24‑60‑1906
Commission - authority to borrow money - authority to accept funds
24‑60‑1907
Railroad loan retirement fund - fees
24‑60‑1908
Loans - tax-exempt
24‑60‑2001
Short title
24‑60‑2002
Execution of compact
24‑60‑2003
Interstate agency created
24‑60‑2004
Members of compact commission
24‑60‑2005
Commissioners exempt from civil liability
24‑60‑2006
Administration
24‑60‑2101
Compact approved and ratified
24‑60‑2102
Licensing authority - definition
24‑60‑2103
Compact administrator - expenses
24‑60‑2104
Jurisdiction executive - definition
24‑60‑2201
Short title
24‑60‑2202
Execution of compact
24‑60‑2203
Legislative declaration
24‑60‑2204
Definitions
24‑60‑2205
Administration - application of other laws
24‑60‑2206
Site recommendation by counties
24‑60‑2207
Statewide assessment of facility sites
24‑60‑2208
State surcharge
24‑60‑2209
Governor to appoint member to compact board
24‑60‑2211
Coordination with other programs and agencies
24‑60‑2212
Regulation of fees
24‑60‑2301
Transfer or exchange of foreign nationals convicted of a crime - authorization by governor
24‑60‑2401
Legislative declaration
24‑60‑2402
Definitions
24‑60‑2403
Compacts authorized
24‑60‑2404
Contents of compact
24‑60‑2405
Rules and regulations
24‑60‑2501
Short title
24‑60‑2502
Execution of agreement
24‑60‑2601
Short title
24‑60‑2602
Execution of compact
24‑60‑2603
Licensing authority - definition
24‑60‑2604
Compact administrator - expenses
24‑60‑2701
Short title
24‑60‑2702
Execution of compact
24‑60‑2801
Short title
24‑60‑2802
Execution of compact
24‑60‑2803
Limitation on assessment
24‑60‑2901
Short title
24‑60‑2902
Compact approved and ratified
24‑60‑3001
Interstate insurance product regulation compact
24‑60‑3101
Legislative declaration
24‑60‑3102
Definitions
24‑60‑3103
Model legislation - compacts authorized
24‑60‑3301
Execution of compact
24‑60‑3401
Legislative declaration
24‑60‑3402
Compact approved and ratified
24‑60‑3501
Short title
24‑60‑3502
Compact approved and ratified
24‑60‑3601
Short title
24‑60‑3602
Compact approved and ratified
24‑60‑3701
Short title
24‑60‑3702
Compact approved and ratified
24‑60‑3801
Short title
24‑60‑3802
Compact approved and ratified
24‑60‑3901
Short title
24‑60‑3902
Compact approved and ratified
24‑60‑3903
Notice to revisor of statutes
24‑60‑4001
Short title
24‑60‑4002
Execution of agreement
24‑60‑4003
Reaffirmation of Colorado law
24‑60‑4004
Conflicting provisions of law
24‑60‑4101
Approved and ratified
24‑60‑4201
Short title
24‑60‑4202
Compact approved and ratified
24‑60‑4203
Construction of terms
24‑60‑4204
Notice to revisor of statutes
24‑60‑4301
Short title
24‑60‑4302
Compact approved and ratified
24‑60‑4303
Construction of terms
24‑60‑4304
Notice to revisor of statutes - effective date of compact
24‑60‑4401
Short title
24‑60‑4402
Compact approved and ratified
24‑60‑4403
Notice to revisor of statutes
24‑60‑4404
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 24-60-1906’s source at colorado​.gov