C.R.S. Section 29-4-1105
General powers


(1)

In addition to any other powers granted to the authority in this part 11, the authority has the following powers:

(a)

To have the duties, privileges, immunities, rights, liabilities, and disabilities of a body corporate and political subdivision of the state;

(b)

To have perpetual existence and succession;

(c)

To adopt, have, and use a seal and to alter the same at its pleasure;

(d)

To sue and be sued;

(e)

To enter into any contract or agreement not inconsistent with this part 11 or the laws of the state;

(f)

To borrow money and to issue bonds evidencing the same;

(g)

To purchase, lease, lease with an option to purchase, trade, exchange, or otherwise acquire, maintain, hold, improve, mortgage, lease, encumber, and dispose of real property and personal property, whether tangible or intangible, and any interest therein, including easements and rights-of-way, without restriction or limitation;

(h)

To acquire office space, equipment, services, supplies, and insurance necessary to carry out the purposes of this part 11;

(i)

To deposit any money of the authority in any banking institution within or without the state or in any depository authorized in section 24-75-603, and to appoint, for the purpose of making such deposits, one or more persons to act as custodians of the money of the authority, who shall give surety bonds in such amounts and form and for such purposes as the board requires;

(j)

To contract for and to accept any gifts, grants, and loans of funds, property, or any other aid in any form from the federal government, the state, any state agency, or any other source, or any combination thereof, and to comply, subject to the provisions of this part 11, with the terms and conditions of such contracts or the acceptance of such items;

(k)

To have and exercise all rights and powers necessary or incidental to or implied from the specific powers granted in this part 11, which specific powers shall not be considered as a limitation upon any power necessary or appropriate to carry out the purposes and intent of this part 11;

(l)

To fix the time and place or places at which its regular and special meetings are to be held;

(m)

To adopt and from time to time amend or repeal bylaws and rules and regulations consistent with the provisions of this part 11, including rules regarding the definition and interpretation of terms used in this part 11. Nothing in this subsection (1)(m) grants the authority the power to redefine terms that are already defined in this part 11.

(n)

To elect one member as chairperson of the board and another member as chairperson pro tem of the board and to elect one or more members as secretary and treasurer of the board and elect or appoint such other offices as the board may determine and provide for their duties and terms of office;

(o)

To appoint agents, employees, and professional and business advisers, including real estate professionals, construction companies, property managers, attorneys, accountants, and financial advisers as may from time to time be necessary in its judgment to accomplish the purposes of this part 11, and to fix the compensation of such agents, employees, and advisers, and to establish the powers and duties of all agents, employees, and advisers, as well as any other person contracting with the authority to provide services, including termination of employment or the contract for services;

(p)

To make and execute agreements, contracts, and other instruments necessary or convenient in the exercise of the powers and functions of the authority under this part 11, including but not limited to contracts with any person, firm, corporation, municipality, state agency, county, or other entity. All municipalities, counties, and state agencies may enter into and do all things necessary to perform any such arrangement or contract with the authority.

(q)

To enter into interest rate exchange agreements for bonds in accordance with article 59.3 of title 11; and

(r)

Other powers necessary to accomplish the authority’s specific goals as required under this part 11.

Source: Section 29-4-1105 — General powers, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-29.­pdf (accessed Oct. 20, 2023).

29‑4‑101
Short title
29‑4‑102
Legislative declaration
29‑4‑103
Definitions
29‑4‑104
Powers of cities to undertake projects
29‑4‑105
Eminent domain
29‑4‑106
Acquisition of land for government
29‑4‑107
Management of housing projects
29‑4‑108
Moneys of city
29‑4‑109
Construction contracts and costs
29‑4‑110
Bonds secured by taxes - maturity
29‑4‑111
Bonds not secured by taxes authorized by resolution
29‑4‑112
Tax resolution - payment of bonds
29‑4‑113
Form of bonds - rate of interest
29‑4‑114
Provisions of bonds, mortgages, or trust indentures
29‑4‑115
Mortgage when financed by government
29‑4‑116
Remedies of an obligee of city
29‑4‑117
Additional remedies
29‑4‑118
Remedies cumulative
29‑4‑119
Limitations on remedies of obligee
29‑4‑120
Foreclosure sale subject to government agreement
29‑4‑121
Action by resolution
29‑4‑122
Tax exemptions
29‑4‑123
Supplemental nature of article
29‑4‑201
Short title
29‑4‑202
Legislative declaration
29‑4‑203
Definitions
29‑4‑204
Petition for creation of authority - notice - hearing
29‑4‑205
Appointment of commissioners
29‑4‑206
Duty of the authority and commissioners
29‑4‑207
Interested commissioners or employees
29‑4‑208
Removal of commissioners
29‑4‑209
Powers of authority
29‑4‑210
Rentals and tenant selection
29‑4‑211
Eminent domain
29‑4‑212
Acquisition of land for government
29‑4‑213
Zoning and building laws
29‑4‑214
Types of bonds
29‑4‑215
Form of bonds
29‑4‑216
Provisions of bond or mortgage
29‑4‑217
Power to mortgage - when
29‑4‑218
Remedies of an obligee of authority
29‑4‑219
Additional remedies
29‑4‑220
Remedies cumulative
29‑4‑221
Limitations on remedies of obligee
29‑4‑222
Sale subject to government agreement
29‑4‑223
Contracts with federal government
29‑4‑224
Wage and labor conditions
29‑4‑225
Insurance
29‑4‑226
Exemption from special assessments
29‑4‑227
Tax exemptions
29‑4‑228
Reports
29‑4‑229
Low rentals
29‑4‑230
Previous housing authorities validated
29‑4‑231
Contracts and undertakings validated
29‑4‑232
Notes and bonds validated
29‑4‑301
Short title
29‑4‑302
Legislative declaration
29‑4‑303
Definitions
29‑4‑304
Preparation of development plan
29‑4‑305
Assistance in preparation of plan
29‑4‑306
Action on setting up of authority
29‑4‑307
Additional powers of authority
29‑4‑308
Organization of authority
29‑4‑309
Condemnation for a superior use
29‑4‑310
Area not wholly in one municipality
29‑4‑311
Termination of an authority
29‑4‑312
Appropriations by municipality
29‑4‑313
Taxation
29‑4‑314
Supervision of reconstruction agency
29‑4‑401
Existing statutes no bar to creation of housing authority
29‑4‑402
Cities and towns empowered to create housing authorities
29‑4‑501
Legislative declaration
29‑4‑502
Definitions
29‑4‑503
Creation of housing authority
29‑4‑504
Appointment of commissioners
29‑4‑505
Powers of authority
29‑4‑506
Policy of authority
29‑4‑507
Exemption from special assessments - tax exemptions
29‑4‑508
Boundaries of authority
29‑4‑509
Conformity with building laws
29‑4‑601
Applicability of part 6
29‑4‑602
Posting and publication of notice - petition
29‑4‑603
Cooperative agreement - costs of election
29‑4‑604
Election - resolution
29‑4‑605
Notice of election
29‑4‑606
Conduct of election
29‑4‑607
Count of ballots - canvass - results of election
29‑4‑701
Short title
29‑4‑702
Legislative declaration
29‑4‑703
Definitions - rules
29‑4‑704
Colorado housing and finance authority
29‑4‑704.5
Reference in contracts and documents
29‑4‑705
Records of board
29‑4‑706
Meetings of board
29‑4‑707
Disclosure of interests required
29‑4‑708
General powers of the authority - repeal
29‑4‑709
Power of board - housing facility plans
29‑4‑710
Powers of the board - executive director - housing facility loans - assistance in housing facility development
29‑4‑710.5
Powers of the board - lease, sale, or financing of projects
29‑4‑710.6
Powers of the board - loans for capital
29‑4‑710.7
Powers of the board - issuance of bonds to maintain balances in the unemployment compensation fund
29‑4‑711
Power of board - housing facility plans - mortgage purchase - loans to lenders
29‑4‑712
Powers of the board - executive director - mortgage purchase - loans to lenders - assistance in providing housing facilities
29‑4‑713
Power of the board - home improvement loans
29‑4‑714
Powers of the board - home improvement loans - purchase of such loans - loans to lenders
29‑4‑716
Standards for approval of organizations
29‑4‑717
Findings - percentage of low-income families required
29‑4‑718
Bonds and notes
29‑4‑719.1
Economic development fund
29‑4‑720
Validity of any pledge
29‑4‑721
Remedies
29‑4‑722
Negotiable instruments
29‑4‑723
Bonds eligible for investment
29‑4‑724
Refunding bonds
29‑4‑725
Nonliability of state for bonds
29‑4‑726
Members of authority not personally liable on bonds
29‑4‑727
Property taxation - exemption of bonds from taxation
29‑4‑728
Revolving fund established
29‑4‑729
Reporting
29‑4‑730
Powers of the authority - investments
29‑4‑731
Agreement of this state
29‑4‑732
This part 7 not a limitation of powers
29‑4‑734
Termination of powers
29‑4‑735
Colorado strategic seed fund council - creation
29‑4‑1001
Short title
29‑4‑1002
Definitions
29‑4‑1003
Rent reporting for credit pilot program - created - third-party contractor - participant landlords and participant tenants - financial education courses required - compensation for participant landlords
29‑4‑1004
Rent reporting for credit pilot program - rules
29‑4‑1005
Rent reporting for credit pilot program - report
29‑4‑1006
Repeal of part
29‑4‑1101
Short title
29‑4‑1102
Legislative declaration
29‑4‑1103
Definitions
29‑4‑1104
Middle-income housing authority - creation - board of directors - meetings - records - tax exempt - audit - report
29‑4‑1105
General powers
29‑4‑1106
Additional powers - affordable workforce housing projects
29‑4‑1107
Powers of the board - selection of projects - ownership - report
29‑4‑1108
Relationship of authority and other jurisdictions
29‑4‑1109
Bonds
29‑4‑1110
Agreement of the state not to limit or alter rights of obligees
29‑4‑1111
Issuance of funds to the authority
29‑4‑1112
No action maintainable
29‑4‑1113
Judicial examination of powers, acts, proceedings, or contracts of the authority
29‑4‑1114
This part 11 not a limitation of powers
29‑4‑1115
Construction of this part 11
Green check means up to date. Up to date

Current through Fall 2024

§ 29-4-1105’s source at colorado​.gov