C.R.S. Section 43-3-203
Bonds authorized

(1)

For the purpose of defraying the cost of constructing, improving, or reconstructing any such turnpike and all expenses incidental thereto, including all engineering and legal fees and interest during construction and for one year thereafter, the department of transportation may, upon the affirmative majority vote of the entire membership of the transportation commission and with the approval of the general assembly evidenced by joint resolution of the senate and house of representatives, and signed by the governor, issue bonds of the state of Colorado, payable from a fund consisting of the fees, fares, and tolls derived from any designated turnpike project and with the approval of the general assembly evidenced by joint resolution of the senate and house of representatives, additionally secured by a pledge of and payable from a special fund set aside from the state highway fund, but the amount so set aside and pledged shall not exceed in any one year one hundred percent of the total of the following:

(a)

The amount of principal and interest falling due during such year; and

(b)

The amount required to be paid into the special sinking fund as a reasonable reserve for the payment of the bonds authorized in this part 2 in accordance with the resolution of the transportation commission authorizing their issuance as approved by the joint resolution of the senate and house of representatives.

Source: Section 43-3-203 — Bonds authorized, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-43.­pdf (accessed Oct. 20, 2023).

43‑3‑101
Freeways - how declared - commercial enterprises prohibited - definition 43‑3‑102
Engineer to divide freeway 43‑3‑103
Engineer may close street or road 43‑3‑104
Street not to open into freeway 43‑3‑105
When local service roads laid out 43‑3‑106
Acquiring land and right-of-way 43‑3‑107
Acquisition by commissioners and department of transportation jointly 43‑3‑201
Legislative declaration 43‑3‑202
Powers granted to department 43‑3‑202.5
Public-private initiatives - legislative declaration 43‑3‑203
Bonds authorized 43‑3‑204
Bond details 43‑3‑205
Trust indentures 43‑3‑206
Payment of bonds - use and disposition of fund 43‑3‑207
Bond lien 43‑3‑208
Bond proceeds 43‑3‑209
Tax exemption 43‑3‑210
Refunding bonds 43‑3‑211
Rights of bondholders 43‑3‑212.5
Disposition of tolls - when bonds issued 43‑3‑212.6
Disposition of tolls - when bonds not issued 43‑3‑213
No debt authorized 43‑3‑214
Succession of powers and duties 43‑3‑215
Legislative declaration 43‑3‑216
Additional powers 43‑3‑217
Execution 43‑3‑218
Bonds legal investments 43‑3‑219
Interest earnings 43‑3‑220
Notice of investment opportunity 43‑3‑301
Definitions 43‑3‑302
Traffic laws - toll collection - definitions 43‑3‑303
Toll roads must be kept in repair 43‑3‑304
Noncompete agreements 43‑3‑401
Legislative declaration 43‑3‑402
Powers and duties of transportation commission 43‑3‑403
Authority to construct tunnels 43‑3‑413
Fees, fares, tolls - contracts - rules 43‑3‑414
Vesting powers in transportation commission
Green check means up to date. Up to date

Current through Fall 2024

§ 43-3-203’s source at colorado​.gov