C.R.S. Section 32-9-137
Security details

(1)

Any district securities authorized to be issued in this article shall bear such date, shall be in such denomination, shall mature at such time, but in no event exceeding forty years from their date or any shorter limitation provided in this article, and shall bear interest at a rate such that the net effective interest rate of the issue of securities does not exceed the maximum net effective interest rate authorized, which interest may be evidenced by one or two sets of coupons payable annually or semiannually, except that the first interest payment date appertaining to any security may represent interest for any period not in excess of one year, as may be prescribed by resolution or other instrument. The securities and any coupons shall be payable in such medium of payment at any banking institution or such other place within or without the state as determined by the board, and the securities at the option of the board may be in one or more series, may be made subject to prior redemption in advance of maturity in such order or by lot or otherwise at such time without or with the payment of such premium, not exceeding seven percent of the principal amount of each security so redeemed, as determined by the board. For any securities the issuance of which does not require approval at an election pursuant to this article, the maximum net effective interest rate shall be established by the board prior to the sale and issuance of such securities.

(2)

Any district securities may be issued with privileges for conversion or registration, or both, for payment as to principal or interest, or both, and where interest accruing on the securities is not represented by interest coupons, the securities may provide for the endorsing of payments of interest thereon, and the securities generally shall be issued in such manner, in such form, either coupon or registered, with such recitals, terms, covenants, and conditions, and with such other details, as may be provided by the board in the resolution authorizing the securities, or other instrument appertaining thereto, except as otherwise provided in this article.

(3)

Any resolution authorizing the issuance of securities or any other instrument relating thereto may provide for their reissuance in other denominations in negotiable or nonnegotiable form and otherwise in such manner and form as the board may determine.

Source: Section 32-9-137 — Security details, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑9‑101
Short title 32‑9‑102
Legislative declaration 32‑9‑103
Definitions 32‑9‑104
Liberal construction 32‑9‑105
Creation of district 32‑9‑106.1
District area 32‑9‑106.6
Additional district areas as a result of annexation 32‑9‑106.7
Additional district area - petition or election - required filings - definitions 32‑9‑106.8
Additional district areas - annexation of unincorporated territory that is entirely surrounded by the district 32‑9‑106.9
District area - town of Castle Rock in Douglas county 32‑9‑107
Mass transportation system 32‑9‑107.5
Regional fixed guideway mass transit system - authorization 32‑9‑107.7
Regional fixed guideway mass transit systems - construction - authorization 32‑9‑109.5
Board of directors - membership - powers 32‑9‑111
Election of directors - dates - terms 32‑9‑112
Vacancies - appointments - recall 32‑9‑113
Fidelity bonds 32‑9‑114
Board’s administrative powers 32‑9‑115
Records of board - audits 32‑9‑116
Meetings of board 32‑9‑117
Compensation of directors 32‑9‑118
Conflicts in interest prohibited 32‑9‑119
Additional powers of district 32‑9‑119.1
Transportation expansion plan - utility relocation - legislative declaration - definitions 32‑9‑119.3
Elections for sales tax rate increase 32‑9‑119.4
Election for a sales tax rate increase - petition requirement 32‑9‑119.5
Competition to provide vehicular service within the regional transportation district - definition 32‑9‑119.7
Cost efficiency of transit services - reporting - plans 32‑9‑119.8
Provision of retail and commercial goods and services at district transfer facilities - residential and other uses at district transfer facilities permitted - definitions 32‑9‑119.9
Limited authority to charge fees for parking - reserved parking spaces - penalties - definitions 32‑9‑120
Levy of taxes - limitations 32‑9‑121
Levies to cover deficiencies 32‑9‑122
Levying and collecting taxes - lien 32‑9‑123
Delinquent taxes 32‑9‑123.5
Prohibition on borrowing by district 32‑9‑124
Forms of borrowing 32‑9‑125
Issuance of notes 32‑9‑126
Issuance of warrants 32‑9‑127
Maturities of notes and warrants 32‑9‑128
Incurrence of special obligations 32‑9‑128.5
Private activity and exempt facility bonds 32‑9‑129
Issuance of temporary bonds 32‑9‑130
Issuance of interim notes 32‑9‑131
Pledge of proceeds of sales taxes and revenues 32‑9‑132
Ranking among different issues 32‑9‑133
Ranking in same issue 32‑9‑134
Payment recital in securities 32‑9‑135
Incontestable recital in securities 32‑9‑136
Limitation upon payment 32‑9‑137
Security details 32‑9‑138
Negotiability 32‑9‑139
Single bonds 32‑9‑140
Sale of securities 32‑9‑141
Application of proceeds 32‑9‑142
Use of unexpended proceeds 32‑9‑143
Covenants in security proceedings 32‑9‑144
Remedies of security holders 32‑9‑145
Limitations upon liabilities 32‑9‑146
Interest after maturity 32‑9‑147
Refunding bonds 32‑9‑148
Issuance of interim notes 32‑9‑149
Elections 32‑9‑150
Election resolution 32‑9‑151
Conduct and costs of elections 32‑9‑156
District - tax exempted 32‑9‑158
Merger, consolidation, or assumption of district 32‑9‑159
Freedom from judicial process 32‑9‑160
Misdemeanors 32‑9‑161
Eminent domain 32‑9‑162
Money management 32‑9‑163
Investment management 32‑9‑164
Custodians
Green check means up to date. Up to date

Current through Fall 2024

§ 32-9-137’s source at colorado​.gov