C.R.S. Section 43-3-216
Additional powers

(1)

In addition to the powers conferred upon it, the transportation commission has the power:

(a)

To establish escrow accounts in any bank within the state of Colorado which is a member of the federal deposit insurance corporation under protective agreements in amounts sufficient to insure the payment of any bonds refunded under the provisions of sections 43-3-201 to 43-3-214. Any or all of the accounts so established may be invested in direct obligations of the United States with appropriate maturities and yields to insure such payment. The term of any such escrow agreement shall not exceed five and one-half years.

(b)

To prescribe the terms, conditions, and manner in which such refunding bonds will be issued and sold and to provide for the payment of the costs of such refunding, including the fees of fiscal agents and attorneys and the charges of banks acting as escrow depositaries;

(c)

To do and perform all other things and acts, whether or not specifically enumerated in sections 43-3-201 to 43-3-214 or in sections 43-3-215 to 43-3-218, to effect a refunding of said bonds in order to effect a saving in interest cost to the state, but nothing in sections 43-3-215 to 43-3-218 shall be construed as authorizing the impairment of the obligation of contract.

Source: Section 43-3-216 — Additional powers, 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

§ 43-3-216’s source at colorado​.gov