C.R.S. Section 24-82-705
Terms and conditions of financed purchase of an asset or certificate of participation agreements

Any additional financed purchase of an asset or certificate of participation agreement entered into by the director pursuant to this part 7 may contain such terms, provisions, and conditions as the director may deem appropriate. Such provisions may allow the state to receive fee title to the real and personal property which is the subject of such additional financed purchase of an asset or certificate of participation agreement on or prior to the expiration of the entire term of the agreement, including all optional renewal terms. Any additional financed purchase of an asset or certificate of participation agreement entered into pursuant to this part 7 may further provide for the issuance, distribution, and sale of instruments evidencing rights to receive rentals and other payments made and to be made under such additional financed purchase of an asset or certificate of participation agreement, but only if and after a court of competent jurisdiction renders a final decision as to the constitutionality of the issuance of certificates of participation or other instruments evidencing the commitment of a district to make payments in subsequent fiscal years of money due under an installment purchase agreement for the purchase of real or personal property which requires payments during more than one fiscal year, or any agreement for the lease or rental of real or personal property which requires payments during more than one fiscal year and under which such district is entitled to receive title to the property at the end of the term for nominal or no additional consideration. Such instruments shall not be notes, bonds, or any other evidence of indebtedness of the state of Colorado within the meaning of any provision of the Colorado constitution or the laws of the state of Colorado concerning or limiting the creation of indebtedness by the state of Colorado. Interest paid under any additional financed purchase of an asset or certificate of participation agreement entered into pursuant to this part 7, including interest represented by such instruments, shall be exempt from Colorado income tax. Any such additional financed purchase of an asset or certificate of participation agreements shall provide an option for the state to purchase the property that is the subject of the agreement prior to the termination of such additional financed purchase of an asset or certificate of participation agreement. In no event shall any individual representing a firm that was the successful bidder for a proposed financial services contract, which contract related to a master financing program, prior to June 20, 1987, be allowed to become the underwriter or financial advisor for any master financed purchase of an asset or certificate of participation agreement entered into by the director prior to June 30, 1988, pursuant to this part 7.

Source: Section 24-82-705 — Terms and conditions of financed purchase of an asset or certificate of participation agreements, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑82‑101
Control of legislative space in the capitol, the legislative services building, and the state office building at 1525 Sherman street - responsibility of department of personnel for supervision of maintenance in capitol buildings group - exception - capitol complex master plan 24‑82‑102
State authorized to acquire property - disposition 24‑82‑102.5
Unused state-owned real property - cash fund - legislative declaration - definitions - repeal 24‑82‑103
Off-street parking - financing 24‑82‑104
Capitol thoroughfares - city and county of Denver regulation 24‑82‑105
Security for state capitol buildings group - jurisdiction of law enforcement personnel on state property 24‑82‑106
Acceptance - governor’s approval 24‑82‑107
Transfer of employees and property 24‑82‑108
State capitol building advisory committee - creation - repeal 24‑82‑109
State capitol building renovation fund 24‑82‑201
Power to grant - utilities - public streets and highways 24‑82‑202
Approval 24‑82‑203
Terms - limitations - moneys 24‑82‑204
Part 2 supplementary 24‑82‑301
Contract of purchase authorized 24‑82‑302
Acquisition and conveyance 24‑82‑401
State agency for surplus property 24‑82‑402
Director - staff 24‑82‑403
State agency - powers and duties 24‑82‑404
Delegation of power 24‑82‑405
Transfer charges 24‑82‑406
Authority to secure surplus property - revocation 24‑82‑407
Funds transferred 24‑82‑408
Purchases - how made 24‑82‑409
Revolving fund 24‑82‑501
Short title 24‑82‑502
Legislative declaration 24‑82‑503
Conveyance of state lands authorized - description 24‑82‑504
Siting of institute 24‑82‑601
Definitions 24‑82‑602
Required energy performance goal 24‑82‑701
Definitions 24‑82‑702
Financed purchase of an asset or certificate of participation agreements 24‑82‑703
Seller 24‑82‑704
Payment obligations subject to annual appropriation by the general assembly 24‑82‑705
Terms and conditions of financed purchase of an asset or certificate of participation agreements 24‑82‑706
Subsequent payments 24‑82‑707
Ancillary agreements 24‑82‑708
Fiscal rules inapplicable - independent powers 24‑82‑709
Participation by institutions of postsecondary education 24‑82‑801
Financed purchase of an asset or certification of participation agreements for acquisition of real or personal property - definition 24‑82‑802
Financed purchase of an asset or certificate of participation agreements for real property - definitions - financed purchase of an asset or certificate of participation rental cash fund 24‑82‑803
Financed purchase of an asset or certificate of participation agreements for certain capital construction projects - legislative declaration 24‑82‑901
Definitions 24‑82‑902
Outdoor lighting fixtures funded by the state - standards 24‑82‑1001
Legislative declaration - exclusion of proceeds of leveraged leasing agreements from fiscal year spending - voter approval not required 24‑82‑1002
Definitions 24‑82‑1003
Leveraged leasing 24‑82‑1004
Leased assets not subject to taxation 24‑82‑1005
Liability not created by leveraged leasing agreement - indemnification agreements 24‑82‑1201
Definitions 24‑82‑1202
Leases of buildings 24‑82‑1203
Payment obligations subject to annual appropriation by the general assembly 24‑82‑1204
Terms and conditions of lease agreements 24‑82‑1205
Ancillary agreements 24‑82‑1206
Fiscal rules inapplicable - independent powers 24‑82‑1207
Inapplicability of part 7 24‑82‑1301
Legislative declaration 24‑82‑1302
Definitions 24‑82‑1303
Financed purchase of an asset or certificate of participation agreements for capital construction and transportation projects
Green check means up to date. Up to date

Current through Fall 2024

§ 24-82-705’s source at colorado​.gov