reglab/housing_qa huggingface dataset:
CO Code § 11-59-101 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-101. Short Title

 This article shall be known and may be cited as the “Colorado Municipal Bond Supervision Act”.   History. Source: L. 91: Entire article added, p. 2404, § 1, effective January 1, 1992.
CO Code § 11-59-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-102. Legislative Declaration

  The general assembly finds that:   The financial reputation and integrity of all local governments and political subdivisions are a matter of statewide concern;    There is a growing concern statewide with special districts and municipal and county improvement districts that are either insolvent or threatened with insolvency and the attendant impairment of viability and of the ability to provide public services; and    The credit reputation of political subdivisions of the state of Colorado is of vital interest to citizens of the state.       The general assembly determines that it is necessary to empower the securities commissioner to regulate and monitor the issuance of municipal bonds of political subdivisions and to develop information and recommendations for appropriate action for the general assembly in connection therewith.    The general assembly declares that the annual disclosure of financial and credit information for public securities will benefit both issuers and investors by expanding and stabilizing the market for public securities and thereby improving the marketability of such securities.    Therefore, the general assembly declares that it is in the best interests of this state and its citizens that safeguards and full disclosure be made in connection with the issuance of bonds of special districts and municipal and county improvement districts and that this article is necessary to protect the continued provision of public services and the credit of political subdivisions. This article is remedial in nature and is to be broadly construed to effectuate its purposes.     History. Source: L. 91: Entire article added, p. 2404, § 1, effective January 1, 1992.
CO Code § 11-59-106 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-106. Requirement for Registration of District Bonds

 It is unlawful for any district to issue bonds or for any other person to make a distribution of such bonds unless they are first registered with the securities commissioner under section 11-59-108 or unless the issuance of bonds is exempted under section 11-59-110 .   History. Source: L. 91: Entire article added, p. 2411, § 1, effective January 1, 1992. L. 94: Entire section amended, p. 1847, § 14, effective July 1.
CO Code § 11-59-107 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-107. General Registration Provisions

  An application for registration of bonds may be filed by the district proposing to issue the bonds or a broker-dealer licensed or exempt under article 51 of this title acting on behalf of such district.    Every application for registration shall be accompanied by a fee, which shall be determined and collected pursuant to section 11-59-119.    Any document or portion thereof filed with the securities commissioner under this article within five years preceding the filing of an application for registration may be incorporated by reference in an application to the extent that such document or portion thereof is accurate at the time of such incorporation by reference.    The securities commissioner may, by rule or order, permit the omission of any item of information or document from any application.    The securities commissioner may, by rule or order, require as a condition of registration under section 11-59-108 that a district require that persons building or developing improvements in the district furnish security to the district for their undertakings relating to payments supporting the offering. The commissioner may, by rule or order, determine the manner and form of such security, which may include but need not be limited to:   Letters of credit or guarantees from depository institutions or such other persons, companies, or institutions approved by the securities commissioner;    Escrow deposits of cash or securities; or    First lien mortgages on land owned by developers or builders, together with recent appraisals.       An application for registration may be amended after its effective date so as to increase the quantity of bonds being offered. A district filing such an amendment shall pay a fee, which shall be determined and collected pursuant to section 11-59-119, with respect to the additional bonds being registered.     History. Source: L. 91: Entire article added, p. 2411, § 1, effective January 1, 1992.
CO Code § 11-59-108 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-108. Registration of Bonds

  An issuance of bonds may be registered by a district under this article.    An application for registration of bonds under this section shall contain full and fair disclosure of all material facts respecting the bonds offered, including the following information, shall state the title of the bonds and the number and amount being registered under this article, and shall be accompanied by the following documents:   The most recent district audit report;    Engineering and architectural reports which describe the cost and location of improvements in the district;    Copies of intergovernmental agreements, construction contracts, and competitive bids which disclose the material elements of any proposed project to be financed by the proceeds of the offering, if available;    Copies of signed agreements, if available, with persons building or developing improvements in the district which are to be owned, managed, leased, or sold by such persons;    Copies of agreements, if any, with the owners of major parcels of vacant or undeveloped land in the district which disclose development fees or other payments to be made to support the proposed bonds while the district is being developed in accordance with the service plan;    Recently audited financial statements of persons building or developing improvements in the district for contracts in excess of fifty thousand dollars;    In a special district, copies of the service plan and any amendments thereto and copies of all reports required by law to be filed with the county or counties wherein the special district is located and, where appropriate, evidence of compliance with any other requirement of law imposed on special districts issuing bonds; and    Such additional information as the securities commissioner requires by rule or order and as is required for full and fair disclosure respecting the bonds offered.       A registration application under this section becomes effective when the securities commissioner so orders, if the application is not subject to a stop order under section 11-59-109. In the case of an order of effectiveness, the securities commissioner shall include in such order a list of the documents reviewed in connection with the application for registration.    The date of filing shall be the date that the application for registration or an amendment to the application is received by the securities commissioner.    Districts are subject to the open meetings law under part 4 of article 6 of title 24, C.R.S., and the open records law under article 72 of title 24, C.R.S.     History. Source: L. 91: Entire article added, p. 2412, § 1, effective January 1, 1992. L. 95: (5) amended, p. 1093, § 5, effective May 31.
CO Code § 11-59-111 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-111. Unlawful Representation Concerning Registration or Exemption

  Neither the fact that an application for registration has been filed nor the fact that an application for registration has become effective constitutes a finding by the securities commissioner that any document filed under this article is true, is complete, and is not misleading. No such fact, nor the fact that an exemption or exception is available for a security or transaction, means that the securities commissioner has passed in any way upon the merits or qualifications of, or has recommended or given approval to, any security or transaction. In the case of an issue of bonds made pursuant to an order of registration effective under section 11-59-108, nothing in this subsection (1) shall prohibit the inclusion in the official statement used in connection with the offer or sale of such bonds a representation that the issue of bonds has been registered with the securities commissioner and a statement identifying the documents reviewed by the securities commissioner in the course of the registration process.    It is unlawful to make, or cause to be made, to any prospective or existing investor or property owner any representation inconsistent with subsection (1) of this section.     History. Source: L. 91: Entire article added, p. 2417, § 1, effective January 1, 1992.
CO Code § 11-59-112 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-112. Misleading Filing

 It is unlawful for any person to make or cause to be made, in any document filed with the securities commissioner or in any proceeding under this article, any statement which the person knows or has reasonable grounds to know is, at the time and in light of the circumstances under which it is made, false or misleading in any material respect.   History. Source: L. 91: Entire article added, p. 2418, § 1, effective January 1, 1992.
CO Code § 11-59-114 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-114. Enforcement by Injunction

  Whenever it appears to the securities commissioner upon sufficient evidence satisfactory to the securities commissioner that any person has engaged in or is about to engage in any act or practice constituting a violation of any provision of this article or of any rule or order under this article, the securities commissioner may apply to the district court for the city and county of Denver to temporarily restrain or preliminarily or permanently enjoin the act or practice in question and to enforce compliance with this article or any rule or order under this article. In any such action, the securities commissioner shall not be required to plead or prove irreparable injury or the inadequacy or a remedy at law. Under no circumstances shall the court require the commissioner to post a bond.    The securities commissioner may include in any action authorized by subsection (1) of this section a claim for restitution, disgorgement, or other equitable relief on behalf of some or all of the persons injured by the act or practice constituting the subject matter of the action.     History. Source: L. 91: Entire article added, p. 2419, § 1, effective January 1, 1992.
CO Code § 11-59-115 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-115. Criminal and Civil Penalties and Damages

  Any person who willfully violates the provisions of section 11-59-112 commits a class 3 felony and shall be punished as provided in section 18-1.3-401, C.R.S.    [ ] Any person who willfully violates any of the provisions of this article, other than section 11-59-112, or any rule or order under this article commits a class 3 misdemeanor and shall be punished as provided in section 18-1.3-501, C.R.S., and any second violation of this section shall be punishable by a civil penalty of fifty dollars per day to a maximum penalty of one thousand dollars.    Conviction of violation of any provision of this article under this section shall also establish a prima facie case for liability for civil damages by any person injured thereby.    The securities commissioner may refer such evidence as is available to the securities commissioner under authority of this article concerning any violation which constitutes the commission of any felony or misdemeanor to the attorney general or the appropriate district attorney, who may, with or without such a reference, prosecute the appropriate criminal proceedings under this article or otherwise as authorized by law, or the securities commissioner may refer such evidence to the United States attorney.    Nothing in this article limits the power of the state to punish any person for any conduct which constitutes a crime by statute.    No person shall be prosecuted, tried, or punished for any criminal violation of this article unless the indictment, information, complaint, or action for the same is found or instituted within five years after the commission of the offense.    Editor's note: This version of subsection (2) is effective until March 1, 2022.  (2) [ ] Any person who willfully violates any of the provisions of this article 59, other than section 11-59-112 , or any rule or order under this article 59 commits a petty offense and shall be punished as provided in section 18-1.3-503 , and any second violation of this section shall be punishable by a civil penalty of fifty dollars per day to a maximum penalty of one thousand dollars.  Editor's note: This version of subsection (2) is effective March 1, 2022.  History. Source: L. 91: Entire article added, p. 2419, § 1, effective January 1, 1992. L. 2002: (1) and (2) amended, p. 1472, § 45, effective October 1. L. 2021: (2) amended,(SB 21-271), ch. 462, p. 3152, § 130, effective March 1, 2022.    Editor's note:   Section 803(2) of chapter 462 (SB 21-271), Session Laws of Colorado 2021, provides that the act changing this section applies to offenses committed on or after March 1, 2022.   Cross references:   For the legislative declaration contained in the 2002 act amending subsections (1) and (2), see section 1 of chapter 318, Session Laws of Colorado 2002.
CO Code § 11-59-116 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-116. Administrative Proceedings

 Any administrative proceeding under this article shall be conducted pursuant to the provisions of section 24-4-105 , C.R.S. The securities commissioner may refer the conduct of any administrative proceeding to an administrative law judge pursuant to part 10 of article 30 of title 24, C.R.S. Every hearing in an administrative proceeding shall be public unless the securities commissioner, in the commissioner's discretion, grants a request joined in by all the respondents that the hearing be conducted privately.   History. Source: L. 91: Entire article added, p. 2420, § 1, effective January 1, 1992.
CO Code § 11-59-117 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-117. Judicial Review of Orders

  Any person claiming to be aggrieved by a final order of the securities commissioner, including a refusal to issue an order, may obtain judicial review thereof, and the securities commissioner may obtain an order of court for its enforcement in a proceeding as provided in this section.    Such proceeding shall be brought in the court of appeals by appropriate proceedings under section 24-4-106 (11), C.R.S.    Such proceeding shall be initiated by the filing of a petition in the court of appeals and the service of a copy thereof upon the securities commissioner and upon all parties who appeared before the securities commissioner, and thereafter such proceeding shall be processed under the Colorado appellate rules. The court of appeals shall have jurisdiction of the proceeding and the questions determined therein and shall have power to grant such temporary relief or restraining order as it deems just and proper and to make and enter upon the pleadings, testimony, and proceedings set forth in such transcript an order enforcing, modifying, and enforcing as so modified or setting aside the order of the securities commissioner in whole or in part.    An objection that has not been urged before the securities commissioner shall not be considered by the court, unless the failure or neglect to urge such objection shall be excused because of extraordinary circumstances.    The findings of the securities commissioner as to the facts shall be conclusive if supported by substantial evidence.    The jurisdiction of the court shall be exclusive, and its judgment and order shall be final, subject to review as provided by law and the Colorado appellate rules.    The commencement of proceedings under subsection (1) of this section does not, unless specifically ordered by the court, operate as a stay of the securities commissioner's order.     History. Source: L. 91: Entire article added, p. 2420, § 1, effective January 1, 1992.
CO Code § 11-59-118 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-118. Interpretation and Interpretive Opinions

  The provisions and rules of this article shall be coordinated with the provisions and rules of article 51 of this title to the extent that such coordination is consistent with both the purposes and provisions of this article.    The securities commissioner may, in such commissioner's discretion, honor requests from interested persons for interpretive opinions regarding any provision of this article or any rule or order under this article. Any person making such a request shall pay an opinion fee, which shall be determined and collected pursuant to section 11-59-119 and which shall not be refundable. In response to any request for an interpretive opinion received under this section, the securities commissioner may waive any condition imposed under this article as it applies to the person making such request.     History. Source: L. 91: Entire article added, p. 2421, § 1, effective January 1, 1992.
CO Code § 11-59-119 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-119. Collection of Fees - Division of Securities Cash Fund

  A fee payable under this article shall be deemed paid when the securities commissioner receives the payment.    The securities commissioner shall transmit all fees collected under this article to the state treasurer, who shall credit the same to the division of securities cash fund created by section 11-51-707. Moneys credited to the division of securities cash fund shall be used as provided in this section and in section 11-51-707 and shall not be deposited in or transferred to the general fund of this state or any other fund.    The securities commissioner shall set the amount of each fee which the securities commissioner is authorized by law to collect under this article. In the discretion of the commissioner, the securities commissioner may set application for registration or amendment fees payable under section 11-59-104 by establishing a basic filing fee up to a maximum of five hundred dollars, plus a scale of rates applied to the dollar amount of bonds to be registered, not to exceed five dollars per ten thousand dollars, up to a maximum of ten thousand dollars based on the dollar amount of bonds to be issued. The securities commissioner may set the exemption fee payable under section 11-59-110 up to a maximum of one hundred dollars. Such fees for a fiscal year may be adjusted by the securities commissioner no more often than twice during that fiscal year.     History. Source: L. 91: Entire article added, p. 2422, § 1, effective January 1, 1992.
CO Code § 11-59-120 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59 - Colorado Municipal Bond Supervision Act|§ 11-59-120. Effective Date

 The rule-making authority of the securities commissioner and the provisions of section 11-59-104 (1) and section 11-59-105 shall take effect July 1, 1991, and, unless otherwise provided, all other provisions of this article shall take effect January 1, 1992.   History. Source: L. 91: Entire article added, p. 2422, § 1, effective January 1, 1992.
CO Code § 11-59.3-101 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59.3 - Interest Rate Exchange Agreements|§ 11-59.3-101. Legislative Declaration

 The general assembly finds and declares that interest rate exchange agreements can be used to reduce net borrowing costs, to achieve desirable net effective interest rates in connection with the issuance and sale of public securities, and to provide an efficient means of debt management.   History. Source: L. 92: Entire article added, p. 949, § 1, effective April 29.
CO Code § 11-59.3-102 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59.3 - Interest Rate Exchange Agreements|§ 11-59.3-102. Definitions

 As used in this article, unless the context otherwise requires:    “Proposed public securities” means public securities for which a public entity has:   Entered into a binding sale contract subject to customary conditions; or    Received voter approval pursuant to section 20 of article X of the state constitution.       “Public entity” means any of the following entities: The state of Colorado; any institution, agency, instrumentality, authority, county, city, town, city and county, district, or other political subdivision of the state, including any school district and institution of higher education; any institution, department, agency, instrumentality, or authority of any entity listed in this subsection (2); and any other entity, organization, or corporation formed by intergovernmental agreement or other contract between or among any of the entities listed in this subsection (2).    “Public securities” means bonds, notes, debentures, interim certificates, bond anticipation notes, commercial paper, or other evidences of indebtedness, or lease, installment purchase, or other agreements, or certificates of participation therein, issued by or on behalf of a public entity.     History. Source: L. 92: Entire article added, p. 949, § 1, effective April 29. L. 2004: (3) amended, p. 950, § 6, effective May 21. L. 2005: (1) amended, p. 880, § 1, effective June 1.
CO Code § 11-59.3-104 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59.3 - Interest Rate Exchange Agreements|§ 11-59.3-104. Construction of Article

 The powers conferred by this article shall be in addition and supplemental to, and not in substitution for, and the limitations imposed by this article shall not directly or indirectly modify, limit, or affect the powers conferred by any other law. Nothing in this article shall be construed to limit the powers of home rule municipalities organized under the provisions of article XX of the state constitution.   History. Source: L. 92: Entire article added, p. 952, § 1, effective April 29.
CO Code § 11-59.3-105 (2021)
2021 Colorado Code|Title 11 - Financial Institutions|Article 59.3 - Interest Rate Exchange Agreements|§ 11-59.3-105. Liberal Construction

 This article shall be liberally construed so that the legislative intent may be fulfilled.   History. Source: L. 92: Entire article added, p. 952, § 1, effective April 29.