C.R.S. Section 30-20-1307
Board of directors

  • powers and duties

(1)

Intentionally left blank —Ed.

(a)

Except as otherwise provided in subsection (1)(b) of this section, the board of directors of a district shall distribute all of the funding the district receives from the department of local affairs to areas that are socially or economically impacted, either directly or indirectly, by the development, processing, or energy conversion of fuels and minerals leased under the federal act; except that the board of directors may elect to invest up to fifty percent of the funding as specified in subsection (5) of this section.

(b)

The board of directors may use up to ten percent of the annual funding for any administrative costs of the district; except that any investment-related expenses are excluded from the calculation of the district’s administration costs.

(c)

Notwithstanding any other provision of this part 13, the board of directors of a district may reserve, or invest as specified in subsection (5) of this section, all or a portion of the funding for use in subsequent years.

(2)

The board of directors may review any reports or studies made and may seek any additional reports or studies it deems necessary regarding the distribution of funding in the district.

(3)

The board of directors may cooperate or contract with any other district to provide any function or service lawfully authorized to each of the cooperating or contracting districts, including the sharing of costs, only if the cooperation or contracts are authorized by each district with the approval of each district’s board of directors. Any contract providing for the sharing of costs may be entered into for any period, not to exceed the existence of the district and notwithstanding any provision of law limiting the length of any financial contracts or obligations of governments. Any such contract shall set forth fully the purposes, powers, rights, obligations, and responsibilities, financial and otherwise, of the contracting parties. Where other provisions of law provide requirements for special types of intergovernmental contracting or cooperation, those special provisions shall control.

(4)

The board of directors may exercise any of the powers set forth in section 30-20-1305.5.

(5)

If the board of directors elects to invest the portion of the funding as allowed in subsection (1)(a) of this section:

(a)

The portion of the funding to be invested shall be held in a fund established by a resolution enacted by the district;

(b)

The board of directors shall make investments pursuant to the investment policy described in subsection (6) of this section and in a manner that complies with the “Uniform Prudent Investor Act”, article 1.1 of title 15;

(c)

The board of directors may invest the portion of the funding in any investment in which the board of trustees of the public employees’ retirement association may invest the funds of the association pursuant to section 24-51-206;

(d)

The board of directors may engage the services of investment advisors. The selection of investment advisors must be made following an open and competitive process.

(e)

The board of directors may appropriate and disburse any part of the invested funding and all sums in excess thereof, including interest, dividends, or similar appreciated values, but shall do so only upon the enactment of a resolution identifying the reason for the appropriation and disbursement;

(f)

The board of directors shall ensure that, at all times, liquid investment assets or other funding not invested remain at a level sufficient to pay for all budgeted and outstanding obligations of the district in any fiscal year; and

(g)

The board of directors, individually or as a group, shall not engage in any activities that might result in a conflict of interest with respect to their fiduciary responsibility for the district.

(6)

The board of directors shall adopt an investment policy resolution and shall review the investment policy annually. The investment policy must include:

(a)

An acknowledgment of the board of director’s fiduciary responsibility with respect to oversight of the district’s investment policy;

(b)

Performance benchmarks for all investments and for all investment advisors who may be hired by the board of directors;

(c)

A requirement for the preparation and publication of annual financial statements that must include, at minimum, information regarding starting balances, contributions, investment income, and losses, if any, and any investment fees incurred;

(d)

Careful consideration of investment fees or other brokerage costs which might reduce investment returns; and

(e)

A requirement that the board of directors annually review the investments and annually set appropriations to be included in the trust fund.

Source: Section 30-20-1307 — Board of directors - powers and duties, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-30.­pdf (accessed Oct. 20, 2023).

30‑20‑100.5
Legislative declaration
30‑20‑101
Definitions
30‑20‑101.5
Additional powers of the department - legislative declaration
30‑20‑102
Unlawful to operate site and facility without certificate of designation - rules - exceptions
30‑20‑102.5
Requirement for certificate of designation deemed satisfied - when
30‑20‑103
Application for certificate
30‑20‑103.5
Existing solid wastes disposal sites and facilities - application procedures
30‑20‑103.7
Review of applications by private contractors
30‑20‑104
Factors to be considered
30‑20‑104.5
Closure and postclosure care estimates - corrective action cost estimates - financial assurance requirements - rules
30‑20‑105
Certificate - state financial assurance requirements
30‑20‑107
Designation of exclusive sites and facilities
30‑20‑107.5
Operation of landfill gas facilities within solid wastes disposal sites and facilities
30‑20‑108
Contracts with governmental units authorized
30‑20‑109
Commission to promulgate rules - definitions
30‑20‑110
Minimum standards
30‑20‑110.5
Beneficial use of biosolids - water quality control commission to set fees - fund created - repeal
30‑20‑111
Departments to render assistance
30‑20‑112
Revocation of certificate
30‑20‑113
Inspection - enforcement - nuisances - violations - civil penalty
30‑20‑114
Violation - penalty
30‑20‑115
Solid wastes disposal site and facility fund - tax - fees
30‑20‑116
Privately owned solid wastes disposal site and facility - user fees
30‑20‑117
Siting and operation of solid waste-to-energy incineration system
30‑20‑118
Solid waste management fund - created
30‑20‑119
Disposal of low-level radioactive waste
30‑20‑120
Imminent and substantial endangerment from solid waste - definitions
30‑20‑122
Additional duties of the department - data collection on recycling, solid waste, and solid waste diversion - report
30‑20‑124
Closed landfill remediation grant program - creation - administration - application process - uses of grant program money - advisory committee - rules - fund - evaluation - report - definitions - repeal
30‑20‑201
Legislative declaration
30‑20‑202
Creation - proviso
30‑20‑203
Powers
30‑20‑204
Budget
30‑20‑205
Character of this part 2
30‑20‑301
Definitions
30‑20‑302
Public improvements within and without boundaries
30‑20‑303
Anticipation warrants
30‑20‑304
Power to lease
30‑20‑305
Terms and interest
30‑20‑306
Revenue and sinking fund - pledge of general income prohibited
30‑20‑307
Donations or gifts
30‑20‑308
Authentication before delivery
30‑20‑309
Obligations payable from project revenue only
30‑20‑310
Numbering and retirement
30‑20‑401
Definitions
30‑20‑402
Powers
30‑20‑403
Authorization of facilities and bonds
30‑20‑404
Bond provisions
30‑20‑405
Signatures on bonds
30‑20‑406
Tax exemption
30‑20‑407
Covenants in bond resolution
30‑20‑408
No county liability on bonds
30‑20‑409
Remedies of bondholders
30‑20‑410
Refunding bonds
30‑20‑411
Incontestable recital in bonds
30‑20‑412
Application of bond proceeds
30‑20‑413
Continuing rights of bondholders
30‑20‑414
Validation
30‑20‑415
Effect of and limitations upon validation
30‑20‑416
Compulsory sewer connections - owner to be notified
30‑20‑417
Resolution adopted
30‑20‑418
Cost of connection
30‑20‑419
Appropriation from system
30‑20‑420
Failure to pay rates and charges - lien
30‑20‑421
Prior rates and charges declared valid
30‑20‑422
Construction of this part 4
30‑20‑501
Short title
30‑20‑502
Legislative declaration
30‑20‑503
Definitions
30‑20‑504
Authority of governing body
30‑20‑505
Organization petition - contents
30‑20‑506
Bond of petitioners
30‑20‑507
Notice of hearing
30‑20‑508
Hearing - dismissal - findings - declaration - when action barred
30‑20‑509
Recording of resolution
30‑20‑510
Governing body constitutes board - duties
30‑20‑511
Meetings
30‑20‑512
General powers of district
30‑20‑512.5
Local improvement districts - authority to establish
30‑20‑513
Determination of special benefits - factors considered
30‑20‑514
Power to levy taxes
30‑20‑515
Determining and fixing rate of levy
30‑20‑516
Levies to cover deficiencies
30‑20‑517
County officers to levy and collect taxes - liens
30‑20‑518
Property sold for taxes
30‑20‑519
Reserve fund
30‑20‑520
Inclusion or exclusion - petition - notice - hearing - order
30‑20‑521
Liability of property
30‑20‑522
Board can issue bonds - form - legislative declaration
30‑20‑527
Procedure
30‑20‑528
Correction of faulty notices
30‑20‑529
Early hearings
30‑20‑530
County jurisdiction unimpaired
30‑20‑531
Method not exclusive
30‑20‑532
Confirmation of board actions and powers
30‑20‑533
Exemption from taxation
30‑20‑534
Limitation of actions
30‑20‑601
Power to make local improvements
30‑20‑601.5
Legislative declaration - inclusion of energy efficiency and renewable energy production projects in local improvement districts
30‑20‑602
Definitions
30‑20‑603
Improvements and funding authorized - how instituted - conditions - definitions
30‑20‑604
Cost assessed in accordance with benefits
30‑20‑604.5
District sales tax
30‑20‑605
Property of irregular form - assessment
30‑20‑606
Determination of special benefits - factors considered
30‑20‑607
Statement of expenses - apportionment
30‑20‑608
Notice of apportionment
30‑20‑609
Hearing on objections
30‑20‑610
Assessment constitutes a lien - filing with county clerk and recorder - corrections
30‑20‑611
Assessment roll
30‑20‑612
When assessments payable - installments
30‑20‑613
Effect of payment in installments
30‑20‑614
How installments paid - interest
30‑20‑615
Penalty for default - payment of balance
30‑20‑616
Payment in full - assessment roll returned - payment of share
30‑20‑617
Sale of property for nonpayment - county may purchase property on default
30‑20‑618
Power of board to contract debt - question submitted to voters
30‑20‑619
Issuing bonds - property specially benefited
30‑20‑619.5
Issuing refunding bonds
30‑20‑620
Bonds negotiable - interest
30‑20‑622
Contracts for construction - bond - default
30‑20‑623
Provisions to be inserted
30‑20‑624
Utility connections may be ordered before paving - costs - default
30‑20‑625
No action maintainable - exception - grounds - limitations
30‑20‑626
Requirements of publication of notice
30‑20‑627
Local improvements completed - dissolution
30‑20‑628
County treasurer - policies and procedures
30‑20‑701
Legislative declaration
30‑20‑702
County may establish districts
30‑20‑702.5
Acquisition of land by Larimer county authorized
30‑20‑703
Powers of county commissioners
30‑20‑704
Budget
30‑20‑705
Purpose
30‑20‑801
Creation of cemetery districts
30‑20‑802
Petition for creation of district
30‑20‑803
Board of directors - meetings
30‑20‑804
District officers
30‑20‑805
Powers of district
30‑20‑806
Taxation
30‑20‑807
Cemetery district fund
30‑20‑808
Abandoned graves - right to reclaim
30‑20‑901
Legislative declaration
30‑20‑902
Definitions
30‑20‑903
County authority relating to solid waste-to-energy incineration systems
30‑20‑904
Department of public health and environment rules
30‑20‑1001
Definitions
30‑20‑1002
Lead-acid batteries - disposal limitations
30‑20‑1003
Lead-acid batteries - collection for recycling
30‑20‑1004
Lead-acid battery wholesalers
30‑20‑1005
Used oil disposal limitations
30‑20‑1009
Inspection - enforcement - nuisances - violations - civil penalty
30‑20‑1010
Violation - penalty
30‑20‑1101
Short title
30‑20‑1102
Legislative declaration
30‑20‑1103
Definitions
30‑20‑1104
Integrated project delivery contracts - authorization - effect of other laws
30‑20‑1105
Integrated project delivery contracting process - prequalification of participating entities - apprentice training
30‑20‑1106
Requests for proposals - evaluation and award of integrated project delivery contracts
30‑20‑1107
Supplemental provisions
30‑20‑1108
Types of contracts
30‑20‑1201
Short title
30‑20‑1202
Definitions
30‑20‑1203
Eligible clean energy project financing - county approval - private activity bond financing
30‑20‑1301
Short title
30‑20‑1302
Legislative declaration
30‑20‑1303
Definitions
30‑20‑1304
Power to create federal mineral lease districts
30‑20‑1305.5
Powers of a district
30‑20‑1306
Board of directors - appointment or election - removal
30‑20‑1307
Board of directors - powers and duties
30‑20‑1401
Legislative declaration - rules - enforcement - recyclable material
30‑20‑1402
Definitions
30‑20‑1403
Waste tire fee - distribution - rules
30‑20‑1404
Waste tire administration, enforcement, market development, and cleanup fund - creation - rules
30‑20‑1405
End users fund - creation - quarterly rebates - rules - repeal
30‑20‑1407
Scope
30‑20‑1408
Waste tire haulers
30‑20‑1409
Waste tire generators - requirements - exemptions
30‑20‑1410
Used tire management
30‑20‑1411
Waste tire collection facility - requirements - exemptions
30‑20‑1412
Waste tire processors - requirements
30‑20‑1413
Mobile processors - requirements
30‑20‑1414
Limitations on the disposal of tires
30‑20‑1415
Waste tire monofills - requirements
30‑20‑1416
End users
30‑20‑1417
Decals - manifests
Green check means up to date. Up to date

Current through Fall 2024

§ 30-20-1307’s source at colorado​.gov