reglab/housing_qa huggingface dataset:
CO Code § 43-3-202.5 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-202.5. Public-Private Initiatives - Legislative Declaration

  The general assembly hereby finds and declares that:   The department of transportation is in need of funds to invest in new infrastructure projects, including turnpikes, within the state transportation system, and public-private partnerships can provide the state with a new source of capital for such projects;    Privately-developed transportation projects can result in time and cost savings, risk reduction, and new tax revenues to the state; and    Public-private agreements can be utilized by the state not only for the development of new turnpikes but also for the modernization and improvement of existing turnpikes.       The department of transportation may enter into public-private initiatives pursuant to part 12 of article 1 of this title for the following purposes:   To design, finance, construct, and operate a new turnpike project within the state; or    To improve an existing turnpike project in the state by modernizing, upgrading, expanding, or maintaining an existing turnpike facility.         The department of transportation is authorized to solicit and consider proposals, enter into agreements, grant public benefits, and accept contributions for public-private initiatives pursuant to part 12 of article 1 of this title concerning the purposes set forth in subsection (2) of this section.    As used in this subsection (3), “public benefit” has the same meaning as set forth in section 43-1-1201 (2).       A public-private initiative under this section shall include a provision that the public or private entity shall secure and maintain liability insurance coverage during the construction and improvement of any turnpike project in amounts appropriate to protect a project's viability.      History. Source: L. 96: Entire section added, p. 462, § 2, effective April 23. L. 2007: (3)(a) amended, p. 2051, § 105, effective June 1.
CO Code § 43-3-203 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-203. Bonds Authorized

  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:   The amount of principal and interest falling due during such year; and    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.        History. Source: L. 49: P. 603, § 3. CSA: C. 143, § 125(3). CRS 53: 120-8-3 . L. 54: P. 155, § 4. L. 56, Ex. Sess.: P. 38, § 4. C.R.S. 1963: § 120-8-3. L. 84: IP(1) amended, p. 1112, § 2, effective April 9. L. 91: IP(1) and (1)(b) amended, p. 1113, § 163, effective July 1. L. 96: Entire section amended, p. 463, § 3, effective April 23. History. Source: L. 49: P. 603, § 3. CSA: C. 143, § 125(3). CRS 53: 120-8-3 . L. 54: P. 155, § 4. L. 56, Ex. Sess.: P. 38, § 4. C.R.S. 1963: § 120-8-3. L. 84: IP(1) amended, p. 1112, § 2, effective April 9. L. 91: IP(1) and (1)(b) amended, p. 1113, § 163, effective July 1. L. 96: Entire section amended, p. 463, § 3, effective April 23.    Cross references:   For presentation of resolutions to the governor, see § 39 of art. V, Colo. Const.   ANNOTATION   The bonds provided in this article do not create a debt of the state prohibited by §§ 3 and 4 of art. XI, Colo. Const. Watrous v. Golden Chamber of Commerce, 121 Colo. 521 , 218 P.2d 498 (1950).
CO Code § 43-3-204 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-204. Bond Details

 All bonds issued under the provisions of this part 2 shall bear interest at a rate not exceeding a maximum net effective rate authorized by resolution of the transportation commission on the face value of the issue of bonds and shall be in such form and executed in such manner and shall be payable at such times extending not more than thirty years from the date thereof, shall contain the provisions for prior redemption, and shall be payable at such places as the department of transportation determines. The bonds shall be sold at public or private sale on such terms as the department of transportation may determine. In case any of the officers whose signatures or countersignatures appear on the bonds or the coupons attached thereto cease to be officers before delivery of the bonds, the signatures and countersignatures shall nevertheless be valid and sufficient for all purposes with the same force and effect as if they had remained in office until the delivery. The bonds shall contain on their face the designation of the project as determined by the department of transportation and in anticipation of the revenues of which the same are issued. All bonds issued under the provisions of this part 2 shall have and are declared to have all the qualities and incidents of negotiable instruments under the law of the state.   History. Source: L. 49: P. 604, § 4. CSA: C. 143, § 125(4). CRS 53: § 120-8-4. L. 56, Ex. Sess.: P. 38, § 5. C.R.S. 1963: § 120-8-4. L. 84: Entire section amended, p. 1113, § 3, effective April 9. L. 91: Entire section amended, p. 1114, § 164, effective July 1. L. 96: Entire section amended, p. 463, § 4, effective April 23. History. Source: L. 49: P. 604, § 4. CSA: C. 143, § 125(4). CRS 53: § 120-8-4. L. 56, Ex. Sess.: P. 38, § 5. C.R.S. 1963: § 120-8-4. L. 84: Entire section amended, p. 1113, § 3, effective April 9. L. 91: Entire section amended, p. 1114, § 164, effective July 1. L. 96: Entire section amended, p. 463, § 4, effective April 23.    Cross references:   For negotiable instruments, see article 3 of title 4.
CO Code § 43-3-205 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-205. Trust Indentures

 In the discretion of the department of transportation, such bonds may be secured by a trust indenture by and between the department of transportation and a corporate trustee which may be any trust company or bank having the powers of a trust company within or outside of the state. Such trust indentures may pledge or assign tolls and revenue to be received from the operation of the turnpike project but shall not convey or mortgage the turnpike or any part thereof. The resolution providing for the issuance of such bonds or such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including, without limiting the generality of the foregoing, covenants setting forth the duties of the department of transportation in relation to the acquisition of properties and the construction, maintenance, operation, repair, and insurance of the turnpike project and the custody, safeguarding, and application of all moneys. Such indenture may set forth the rights and remedies of the bondholders and of the trustee and may restrict the individual right of action of bondholders. In addition to the foregoing, such trust indenture may contain such other provisions as the department of transportation may deem reasonable for the security of bondholders. All expenses incurred in carrying out such trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the turnpike project.   History. Source: L. 49: P. 604, § 5. CSA: C. 143, § 125(5). CRS 53: § 120-8-5. C.R.S. 1963: § 120-8-5. L. 91: Entire section amended, p. 1114, § 165, effective July 1. History. Source: L. 49: P. 604, § 5. CSA: C. 143, § 125(5). CRS 53: § 120-8-5. C.R.S. 1963: § 120-8-5. L. 91: Entire section amended, p. 1114, § 165, effective July 1.
CO Code § 43-3-208 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-208. Bond Proceeds

 All moneys received from any bonds issued pursuant to this part 2 shall be applied solely to the payment of the cost of the turnpike project or to the appurtenant fund, and there is hereby created and granted a lien upon such moneys until so applied in favor of holders of such bonds or the trustee provided for in respect of such bonds.   History. Source: L. 49: P. 606, § 8. CSA: C. 143, § 125(8). CRS 53: § 120-8-8. C.R.S. 1963: § 120-8-8. History. Source: L. 49: P. 606, § 8. CSA: C. 143, § 125(8). CRS 53: § 120-8-8. C.R.S. 1963: § 120-8-8.
CO Code § 43-3-209 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-209. Tax Exemption

 The accomplishment by the department of transportation of the authorized purposes stated in this part 2 being for the benefit of the people of the state and for the improvement of their commerce and prosperity in which accomplishment the department of transportation will be performing essential governmental functions, the department of transportation shall not be required to pay any taxes or assessments on any property acquired or used by it for the purposes provided in this part 2.   History. Source: L. 49: P. 606, § 9. CSA: C. 143, § 125(9). CRS 53: § 120-8-9. C.R.S. 1963: § 120-8-9. L. 91: Entire section amended, p. 1116, § 168, effective July 1. History. Source: L. 49: P. 606, § 9. CSA: C. 143, § 125(9). CRS 53: § 120-8-9. C.R.S. 1963: § 120-8-9. L. 91: Entire section amended, p. 1116, § 168, effective July 1.
CO Code § 43-3-210 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-210. Refunding Bonds

 The department of transportation is authorized to provide, by resolution of the transportation commission, for the issuance of refunding bonds of the state of Colorado for the purpose of refunding any bonds issued under the provisions of this part 2 and then outstanding. The issuance of the refunding bonds, the maturities and other details thereof, the rights of the holders thereof, and the duties of the department of transportation in respect to the same shall be governed by the provisions of this part 2 insofar as the same may be applicable.   History. Source: L. 49: P. 606, § 10. CSA: C. 143, § 125(10). CRS 53: § 120-8-10. C.R.S. 1963: § 120-8-10. L. 91: Entire section amended, p. 1117, § 169, effective July 1. L. 96: Entire section amended, p. 465, § 7, effective April 23. History. Source: L. 49: P. 606, § 10. CSA: C. 143, § 125(10). CRS 53: § 120-8-10. C.R.S. 1963: § 120-8-10. L. 91: Entire section amended, p. 1117, § 169, effective July 1. L. 96: Entire section amended, p. 465, § 7, effective April 23.
CO Code § 43-3-211 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-211. Rights of Bondholders

 Any holder of bonds issued under the provisions of this part 2 or any of the coupons attached to said bonds and the trustee under the trust indenture, if any, except to the extent the rights given in this section may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, either at law or in equity by suit, action, mandamus, or other proceedings, may protect and enforce any and all rights granted under this section or under such resolution or trust indenture and may enforce and compel performance of any duties required by this part 2 or by such resolution or trust indenture to be performed by the department of transportation or any officer thereof, including the fixing, charging, and collecting of fees, fares, and tolls for the use of the turnpike project.   History. Source: L. 49: P. 606, § 11. CSA: C. 143, § 125(11). CRS 53: § 120-8-11. C.R.S. 1963: § 120-8-11. L. 91: Entire section amended, p. 1117, § 170, effective July 1. History. Source: L. 49: P. 606, § 11. CSA: C. 143, § 125(11). CRS 53: § 120-8-11. C.R.S. 1963: § 120-8-11. L. 91: Entire section amended, p. 1117, § 170, effective July 1.
CO Code § 43-3-212.5 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-212.5. Disposition of Tolls - When Bonds Issued

  If any bonds are issued pursuant to this part 2, any fees, fares, and tolls to be charged for the use of any turnpike shall be fixed and adjusted so that the fees, fares, and tolls collected, along with other revenues, if any, are at least sufficient to pay for, as applicable:   Any bonds issued pursuant to this part 2 and interest thereon, all sinking fund requirements, and any other requirements provided for by resolution of the transportation commission or by any trust indenture to which the department is a party; or    The reasonable return on investment of any private entity financing the project by means of a public-private initiative pursuant to section 43-3-202.5 and part 12 of article 1 of this title.       If amounts generated from the fees, fares, and tolls collected exceed the amount required in subsection (1) of this section, such fees, fares, and tolls shall then be used to pay the necessary costs for the proper operation, maintenance, and repair of any turnpike project.    If the transportation commission determines that a turnpike project is being adequately maintained, the department may use any proceeds in the special sinking fund in excess of the amounts required under subsections (1) and (2) of this section for the maintenance, construction, and operation of a network of turnpikes.     History. Source: L. 96: Entire section added, p. 466, § 9, effective April 23. L. 98: IP(1) amended, p. 1097, § 14, effective June 1.
CO Code § 43-3-212.6 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-212.6. Disposition of Tolls - When Bonds Not Issued

  If bonds are not issued pursuant to this part 2, any fees, fares, and tolls to be charged for the use of any turnpike shall be fixed and adjusted so that the fees, fares, and tolls collected, along with other revenues, if any, are at least sufficient to ensure, as applicable:   Reimbursement or payment to the department of transportation for all costs relating to or resulting from the turnpike project, including, but not limited to, costs for the design, finance, construction, operation, maintenance, improvement, and reconstruction of the turnpike, and for all works, facilities, and means necessary or convenient to the full exercise of the powers granted to the department of transportation under this part 2;    The reasonable return on investment of any private entity financing the turnpike project by means of a public-private initiative pursuant to section 43-3-202.5 and part 12 of article 1 of this title.       If amounts generated from the fees, fares, and tolls collected exceed the amount required in subsection (1) of this section and if the transportation commission determines that a turnpike project is being adequately maintained, the department of transportation may use any proceeds in excess of such amounts for the maintenance, construction, and operation of a network of turnpikes.     History. Source: L. 96: Entire section added, p. 466, § 9, effective April 23. L. 98: (1) amended, p. 1097, § 15, effective June 1.
CO Code § 43-3-213 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-213. No Debt Authorized

 Nothing in this part 2 shall be construed as authorizing the contracting by the state of a debt by loan in any form nor the pledging of general taxes of the state.   History. Source: L. 49: P. 607, § 13. CSA: C. 143, § 125(13). CRS 53: § 120-8-13. C.R.S. 1963: § 120-8-13. History. Source: L. 49: P. 607, § 13. CSA: C. 143, § 125(13). CRS 53: § 120-8-13. C.R.S. 1963: § 120-8-13.
CO Code § 43-3-214 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-214. Succession of Powers and Duties

 It is the intention of this section that the powers conferred and the duties imposed on the department of transportation by this part 2 shall be exercised and performed by any corporation, commission, or department succeeding to the powers and duties of the department of transportation as now constituted and as extended by the provisions of this part 2.   History. Source: L. 49: P. 607, § 14. CSA: C. 143, § 125(14). CRS 53: § 120-8-14. C.R.S. 1963: § 120-8-14. L. 91: Entire section amended, p. 1117, § 172, effective July 1. History. Source: L. 49: P. 607, § 14. CSA: C. 143, § 125(14). CRS 53: § 120-8-14. C.R.S. 1963: § 120-8-14. L. 91: Entire section amended, p. 1117, § 172, effective July 1.
CO Code § 43-3-215 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-215. Legislative Declaration

 It is declared that the total interest payable on bonds issued pursuant to the provisions of sections 43-3-201 to 43-3-214 may be reduced by granting to the transportation commission the additional powers set forth in this part 2 in connection with the refunding of said bonds as authorized by section 43-3-210 .   History. Source: L. 63: P. 796, § 1. C.R.S. 1963: § 120-8-15. L. 91: Entire section amended, p. 1118, § 173, effective July 1. History. Source: L. 63: P. 796, § 1. C.R.S. 1963: § 120-8-15. L. 91: Entire section amended, p. 1118, § 173, effective July 1.
CO Code § 43-3-216 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-216. Additional Powers

  In addition to the powers conferred upon it, the transportation commission has the power:   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.    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;    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.        History. Source: L. 63: P. 796, § 2. C.R.S. 1963: § 120-8-16. L. 91: IP(1) amended, p. 1118, § 174, effective July 1. History. Source: L. 63: P. 796, § 2. C.R.S. 1963: § 120-8-16. L. 91: IP(1) amended, p. 1118, § 174, effective July 1.
CO Code § 43-3-217 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-217. Execution

 Said refunding bonds may be executed in accordance with article 55 of title 11, C.R.S.   History. Source: L. 63: P. 797, § 3. C.R.S. 1963: § 120-8-17. History. Source: L. 63: P. 797, § 3. C.R.S. 1963: § 120-8-17.
CO Code § 43-3-218 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-218. Bonds Legal Investments

 It is lawful for the bonds issued pursuant to this part 2 to be purchased by any bank, trust company, savings and loan association, investment company and association, executor, administrator, guardian, trustee, and other fiduciary. Public entities, as defined in section 24-75-601 (1) , C.R.S., may invest public funds in such bonds only if said bonds satisfy the investment requirements established in part 6 of article 75 of title 24, C.R.S.   History. Source: L. 63: P. 797, § 4. C.R.S. 1963: § 120-8-18. L. 84: Entire section R&RE, p. 1114, § 5, effective April 9. L. 89: Entire section amended, p. 1133, § 77, effective July 1. History. Source: L. 63: P. 797, § 4. C.R.S. 1963: § 120-8-18. L. 84: Entire section R&RE, p. 1114, § 5, effective April 9. L. 89: Entire section amended, p. 1133, § 77, effective July 1.
CO Code § 43-3-219 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-219. Interest Earnings

 All interest derived from the investment of the proceeds of the bonds issued pursuant to this part 2 shall, at the discretion of the department of transportation, be applied to the purposes for which the bonds are issued or shall be credited to the funds created by this part 2. The interest derived from the investment of the funds created by this part 2 shall remain in such funds.   History. Source: L. 84: Entire section added, p. 1114, § 6, effective April 9. L. 91: Entire section amended, p. 1118, § 175, effective July 1.
CO Code § 43-3-220 (2021)
2021 Colorado Code|Title 43 - Transportation|Article 3 - Special Highway Construction|Part 2 - Turnpikes|§ 43-3-220. Notice of Investment Opportunity

  The department or the private entity responsible for issuing bonds under this part 2 may forward a copy of the bonds and a description of the investment opportunity for such bonds to any of the following for consideration under their respective statutory authority:   The board of trustees of the public employees' retirement association created under section 24-51-202, C.R.S.;    Repealed.    The board of directors of the fire and police pension association, as defined in section 31-31-102 (2), C.R.S.;    The boards of trustees of the firefighters' and police officers' old hire pension funds, as defined in section 31-30.5-102 (1.5), C.R.S.;    The board of trustees of the volunteer firefighter pension fund, as defined in section 31-30-1102 (1), C.R.S.;    Repealed.    The board of directors of the university of Colorado hospital authority, as defined in section 23-21-502 (2), C.R.S.;    The state treasurer for consideration under section 23-20-117.5, C.R.S.;    The county boards of retirement, as described in section 24-54-107, C.R.S.;    The governing boards of state colleges and universities, as defined in sections 24-54.5-102 (5) and 24-54.6-102 (4), C.R.S.; and    Any employer who has established a defined contribution plan.        History. Source: L. 98: Entire section added, p. 443, § 3, effective August 5. L. 2001: (1)(a) amended, p. 1286, § 76, effective June 5. L. 2009: (1)(b) repealed,(SB 09-066), ch. 73, p. 260, § 25, effective July 1; (1)(d) amended,(HB 09-1030), ch. 16, p. 92, § 6, effective August 5. L. 2010: (1)(f) repealed,(HB 10-1422), ch. 419, p. 2126, § 188, effective August 11.    Cross references:   For the legislative declaration contained in the 1998 act enacting this section, see section 1 of chapter 154, Session Laws of Colorado 1998.