C.R.S. Section 37-47-146
Investments and securities

(1)

The board of directors of the district or subdistrict, respectively, issuing bonds under this article, subject to any contractual limitations from time to time imposed upon the district or subdistrict by any resolution authorizing the issuance of the outstanding bonds of the district or subdistrict or by any trust indenture or other proceedings pertaining thereto, may cause to be invested and reinvested any proceeds of taxes, any pledged revenues, and any proceeds of bonds issued under this article in securities meeting the investment requirements established in part 6 of article 75 of title 24, C.R.S., and may cause such proceeds of taxes, revenues, district or subdistrict bonds, and securities to be deposited in any trust bank or trust banks within or without or both within and without this state and secured in such manner and subject to such terms and conditions as the board of directors may determine, with or without the payment of any interest on such deposit, including, without limitation, time deposits evidenced by certificates of deposit.

(2)

Any such securities and any certificates of deposit thus held may, from time to time, be sold, and the proceeds may be so reinvested or redeposited as provided in this section.

(3)

Sales and redemptions of any such securities and certificates of deposit thus held shall, from time to time, be made in season so that the proceeds may be applied to the purposes for which the money with which such securities and certificates of deposit were originally acquired was placed in the district or subdistrict treasury.

(4)

Any gain from any such investments or reinvestments may be credited to any fund or account pledged for the payment of any district or subdistrict bonds issued under this article, including any reserve therefor, or any other fund or account pertaining to a project or any facilities, or the district’s or subdistrict’s general fund, subject to any contractual limitations in any proceedings pertaining to outstanding district or subdistrict bonds.

(5)

It is lawful for any commercial bank incorporated under the laws of this state which may act as depository of the proceeds of any bonds issued under this article, any securities owned by the district or subdistrict, any proceeds of taxes, any pledged revenues, and any moneys otherwise pertaining to a project or any facilities, or any combination thereof, to furnish such indemnifying bonds and to pledge such securities as may be required by the board of directors.

Source: Section 37-47-146 — Investments and securities, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37‑47‑101
Legislative declaration - rivers named 37‑47‑102
Definitions 37‑47‑103
Creation and name of district 37‑47‑104
Board of directors 37‑47‑105
Allowance for directors 37‑47‑106
Vacancy in office of director 37‑47‑107
Powers of district 37‑47‑108
Principal office - meetings 37‑47‑109
Assessment and levy by board 37‑47‑110
Creation of subdistricts 37‑47‑111
Rules and regulations 37‑47‑112
Procedure for establishment of subdistricts 37‑47‑113
Time and place of hearing on petition 37‑47‑114
Recording of protest - procedure - decree - fee 37‑47‑115
Plan for subdistrict 37‑47‑116
Appointment of appraisers 37‑47‑117
Compensation of appraisers 37‑47‑118
Directors bound by financing plan 37‑47‑119
Assessments - procedure in making 37‑47‑120
Improvement district bonds 37‑47‑121
Assessments constitute perpetual lien 37‑47‑122
Directors to remedy defects in assessments 37‑47‑123
Record of assessments as evidence 37‑47‑124
Defects in notice perfected 37‑47‑125
Contracts of subdistricts 37‑47‑126
Issuance of general obligation bonds and revenue bonds 37‑47‑127
Board to certify assessments 37‑47‑128
Limitations on power to levy and contract 37‑47‑129
Investment of surplus funds 37‑47‑130
Sinking fund 37‑47‑131
Court confirmation 37‑47‑132
Subdistrict furnishing water to nonirrigated land 37‑47‑133
Election to authorize debt 37‑47‑134
Definition of elector 37‑47‑135
Elections 37‑47‑136
Election resolution 37‑47‑137
Conduct of election 37‑47‑138
Notice of election 37‑47‑139
Polling places 37‑47‑140
Election supplies 37‑47‑141
Election returns 37‑47‑142
Debt election contests 37‑47‑143
Covenants and other provisions in bonds 37‑47‑144
Liens on pledged revenues 37‑47‑145
Rights - powers of holders of bonds - trustees 37‑47‑146
Investments and securities 37‑47‑147
Rents and charges 37‑47‑148
Miscellaneous powers 37‑47‑149
Cooperative powers 37‑47‑150
Joint action entity 37‑47‑151
Correlative powers of political subdivisions
Green check means up to date. Up to date

Current through Fall 2024

§ 37-47-146’s source at colorado​.gov