C.R.S. Section 37-50-137
Investments and securities

(1)

The board, subject to contractual limitations from time to time imposed upon the district by a resolution authorizing the issuance of the outstanding bonds of the district, a trust indenture, or other related proceedings, may invest and reinvest proceeds of taxes, pledged revenues, and 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 deposit such proceeds in any trust bank, secured in such manner and subject to such terms and conditions as the board may determine, with or without the payment of any interest on such deposit, including, without limitation, time deposits evidenced by certificates of deposit.

(2)

Such securities and 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 such securities and certificates of deposit thus held shall, from time to time, be made 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.

(4)

Gains from such investments or reinvestments may be credited to any fund or account pledged for the payment of district bonds issued under this article, including any applicable reserve, any other fund or account pertaining to a project or facility, or the district’s general fund, subject to contractual limitations in a proceeding pertaining to outstanding district bonds.

(5)

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

Source: Section 37-50-137 — Investments and securities, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37‑50‑101
Legislative declaration 37‑50‑102
Definitions 37‑50‑103
Creation and name of district 37‑50‑104
Board of directors 37‑50‑105
Compensation of directors 37‑50‑106
Employees 37‑50‑107
General powers 37‑50‑108
Principal office - meetings 37‑50‑109
Authority of the board to levy taxes 37‑50‑110
Levy and collection of uniform sales and use tax 37‑50‑111
Limitations on power to levy and contract 37‑50‑112
Investment of unexpended revenues 37‑50‑113
Appointment and compensation of appraisers 37‑50‑114
Assessments - procedure in making 37‑50‑115
Collection by civil action 37‑50‑116
Assessments perpetual lien 37‑50‑117
Directors to remedy defects in assessments 37‑50‑118
Assessment record as evidence 37‑50‑119
Defects in notice perfected 37‑50‑120
Issuance of general obligation bonds 37‑50‑121
Costs - board of directors to concur 37‑50‑122
Sinking fund 37‑50‑123
Court confirmation 37‑50‑124
Election to authorize debt 37‑50‑125
Definition of elector 37‑50‑126
Elections 37‑50‑127
Election resolution 37‑50‑128
Conduct of election 37‑50‑129
Notice of election 37‑50‑130
Polling places 37‑50‑131
Election supplies 37‑50‑132
Election returns 37‑50‑133
Debt and tax levy election contests 37‑50‑134
Covenants and other provisions in bonds 37‑50‑135
Liens on pledged revenues 37‑50‑136
Rights - powers of holders of bonds - trustees 37‑50‑137
Investments and securities 37‑50‑138
Rents and charges 37‑50‑138.5
Prohibition on duplication of water use fees 37‑50‑139
Miscellaneous powers 37‑50‑140
Joint action entity 37‑50‑141
Refunding 37‑50‑142
Severability
Green check means up to date. Up to date

Current through Fall 2024

§ 37-50-137’s source at colorado​.gov