C.R.S. Section 32-14-123
Sale of special obligation bonds


(1)

Any special obligation bonds issued pursuant to this article shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the option of the board, below par, at a discount not exceeding seven percent of the principal amount thereof, but such special obligation bonds shall never be sold at a price such that the net effective interest rate exceeds the maximum net effective interest rate authorized.

(2)

No discount, except as provided in subsection (1) of this section, or commission shall be allowed or paid on or for any sale to any purchaser or bidder, directly or indirectly.

Source: Section 32-14-123 — Sale of special obligation bonds, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑14‑101
Short title
32‑14‑102
Legislative declaration
32‑14‑103
Definitions
32‑14‑104
Creation of district - area of district
32‑14‑105
Authorizing election
32‑14‑106
Board of directors - membership - qualifications
32‑14‑107
Board of directors - powers and duties
32‑14‑108
Conflicts of interest prohibited
32‑14‑109
Records of board - audits - legislative oversight - powers and duties of state auditor
32‑14‑110
Privatization - study and consideration
32‑14‑111
Criteria - stadium site - stadium
32‑14‑112
Consultation with urban land institute - Colorado baseball commission - consideration of recommendations
32‑14‑113
Costs - acquisition of stadium site - construction of stadium - use of public moneys - target percentage
32‑14‑114
Sales tax imposed - collection - administration of tax - discontinuance
32‑14‑115
Sales tax revenues - use
32‑14‑116
Operating revenues - use
32‑14‑117
Issuance of special obligation bonds
32‑14‑118
Pledge of sales tax revenues and net operating revenues
32‑14‑119
Payment, recital, and securities
32‑14‑120
Incontestable recital in securities
32‑14‑121
Limitation upon payment
32‑14‑122
Negotiability
32‑14‑123
Sale of special obligation bonds
32‑14‑124
Contracts
32‑14‑125
Management agreement - operation of stadium
32‑14‑126
Lease of stadium - major league baseball franchise
32‑14‑126.5
Revenue sharing
32‑14‑128
Limitations upon liabilities
32‑14‑129
Sale of real and personal property of district
32‑14‑130
Limitations upon promotional activities
32‑14‑131
Colorado baseball commission - creation - membership
32‑14‑132
Commission - powers and duties
32‑14‑133
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 32-14-123’s source at colorado​.gov