C.R.S. Section 35-75-109
Authority

  • rules and regulations

(1)

Prior to exercising its authority under section 35-75-108 (1), the authority shall promulgate rules and regulations governing its activities authorized under this article, including, but not limited to:

(a)

Procedures for the submission of requests or invitations and proposals for making loans to lenders and procedures for the investment in, purchase, assignment, and sale of loans;

(b)

Procedures for reinvestment by lenders of the proceeds, or an equivalent amount, from any loan to lenders and procedures for the investment in or purchase by the authority of loans or the assignment or sale to the authority of loans to finance agricultural enterprises;

(c)

The number of agricultural projects, location of the projects, and other characteristics of agricultural enterprises to be financed directly or indirectly by the authority pursuant to section 35-75-108 (1), including, to the extent reasonably possible, assurance that the agricultural enterprises to be financed by an issue of bonds or series of issues will improve employment conditions or otherwise enhance the welfare of persons in the agricultural sector;

(d)

Rates, fees, charges, and other terms and conditions of originating or servicing loans in order to protect against an excessive financial return or benefit by the originator or servicer;

(e)

The type and amount of collateral or security to be provided to assure repayment of loans made by the authority;

(f)

The type of collateral, payment bonds, performance bonds, or other security to be provided for any loans made by a lender for construction loans;

(g)

The nature and amount of fees to be charged by the authority to provide for expenses and reserves of the authority;

(h)

Standards and requirements for the allocation of available money among lenders and the determination of the maturities, terms, conditions, and interest rates for loans made, purchased, sold, assigned, or committed pursuant to this article;

(i)

Commitment requirements for agricultural financing by lenders involving money provided directly or indirectly by the authority; or

(j)

Any other matters related to the duties or exercise of the authority’s powers or duties under this article.

Source: Section 35-75-109 — Authority - rules and regulations, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-35.­pdf (accessed Oct. 20, 2023).

35‑75‑101
Short title
35‑75‑102
Legislative declaration
35‑75‑103
Definitions
35‑75‑104
Colorado agricultural development authority - creation - membership
35‑75‑105
Organization meeting - chairman - personnel - surety bond - conflict of interest
35‑75‑106
Meetings of board - quorum - expenses
35‑75‑107
General powers and duties of authority
35‑75‑108
Authority - loans to or made by lenders
35‑75‑109
Authority - rules and regulations
35‑75‑110
Notes
35‑75‑111
Bonds
35‑75‑111.5
Issuance of bonds to construct renewable energy generation facilities and electric transmission lines - renewable energy cooperatives
35‑75‑112
Negotiability of bonds
35‑75‑113
Security for bonds and notes
35‑75‑114
Personal liability
35‑75‑115
Purchase
35‑75‑116
Payment of bonds - nonliability of state
35‑75‑117
Exemption from taxation - securities law
35‑75‑118
Fees
35‑75‑119
Investment powers of authority
35‑75‑120
Proceeds as trust funds
35‑75‑121
Agreement of the state not to limit or alter rights of obligees
35‑75‑122
Enforcement of rights of bondholders
35‑75‑123
Bonds eligible for investment
35‑75‑124
Account of activities - receipts for expenditures - report - audit
35‑75‑125
Federal social security act
35‑75‑126
Powers of authority not restricted
35‑75‑201
Legislative declaration - purpose of part
35‑75‑202
Definitions
35‑75‑203
Colorado agricultural value-added development board - creation - members
35‑75‑204
Duties of board - agriculture value-added grants, loans and loan guarantees, and equity investments
35‑75‑205
Grants, loans and loan guarantees, and equity investments - agriculture value-added cash fund - created - report - definition
Green check means up to date. Up to date

Current through Fall 2024

§ 35-75-109’s source at colorado​.gov