reglab/housing_qa huggingface dataset:
CO Code § 22-42-120 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-120. Place of Payment

  The board of education of a school district is authorized to designate the office of the county treasurer of the county in which the headquarters of such school district is situated as the place of payment or optional place of payment of the principal of or interest on any bonds issued by any such school district, or to designate any commercial bank or trust company as the place of payment or optional place of payment of the principal of or interest on any bonds issued by any such school district, and the commercial bank or trust company so designated may be located either within or without this state.    It is the duty of the board of education of said school district to cause sufficient moneys from said tax levy or refunding escrow account to be placed from time to time at the place of payment, or optional place of payment, designated on said bonds in an amount to satisfy the principal and interest obligations of said bonds as the same may become due and payable from time to time. It is the duty of the treasurer of said school district to pay, or instruct the third-party custodian administering the school district's bond redemption fund pursuant to section 22-45-103 (1)(b)(V) to pay, the obligations of said bonds as the same may become due and payable, upon presentation of the bonds and coupons respectively evidencing such obligations, from any moneys to the credit of the appropriate account available for that purpose.     History. Source: L. 64: R&RE, p. 556, § 1. C.R.S. 1963: § 123-11-21. L. 2003: (2) amended, p. 1296, § 4, effective April 22. History. Source: L. 64: R&RE, p. 556, § 1. C.R.S. 1963: § 123-11-21. L. 2003: (2) amended, p. 1296, § 4, effective April 22.
CO Code § 22-42-121 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-121. Registration of Bonds

 Whenever any school district issues bonds under the provisions of this article, the board of education may make and enter in its record a request that the county clerk and recorder of the county wherein the headquarters of such school district is situated register the bonds on a collective, not an individual, basis in a book to be kept by him or her for that purpose. When so registered, the legality thereof shall not be open to contest by such district, or any person whomsoever, for any reason whatsoever. A certified copy of the order of the board, so made and entered of record, shall be furnished to such county clerk and recorder by the board of education and thereupon it shall be his or her duty to register said bonds on a collective basis, noting the name of the district and the amount, the date of issuance and maturity, and the rate of interest of said bonds. The county clerk and recorder is not required to make a separate entry in said book or complete or process a registration form for each such bond of such issue, or otherwise register each such bond of such issue on an individual basis. He or she shall receive a fee pursuant to section 30-1-103 (1) , C.R.S.   History. Source: L. 64: R&RE, p. 557, § 1. C.R.S. 1963: § 123-11-22. L. 91: Entire section amended, p. 708, § 3, effective July 1. L. 2014: Entire section amended, (HB 14-1073), ch. 30, p. 175, § 1, effective July 1. History. Source: L. 64: R&RE, p. 557, § 1. C.R.S. 1963: § 123-11-22. L. 91: Entire section amended, p. 708, § 3, effective July 1. L. 2014: Entire section amended, (HB 14-1073), ch. 30, p. 175, § 1, effective July 1.
CO Code § 22-42-125 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-125. Public Disclosure of Terms of Sale

  Whenever school bonds are sold, the board of the district selling the same shall cause to be prepared and filed with the department of education, within ten days after said sale, a report setting forth a description of the bond issue, the applicable interest rate, including the net effective interest rate, other terms of the sale, and applicable statistical, comparative bond market data, ratings, and indices relative to prevailing market conditions prior to and at the time of said sale, and explaining the reasons why it was necessary, if it was, that the bonds be sold at a negotiated sale instead of by public competitive bidding. The department of education may request additional information from the school district or from the purchaser of the bonds regarding terms of the sale.    One or more copies of said report shall be retained on file at the administrative headquarters of the district, and a copy thereof shall be made available upon written request to any officer or representative of any organization of Colorado school districts.     History. Source: L. 70: P. 336, § 12. C.R.S. 1963: § 123-11-26. History. Source: L. 70: P. 336, § 12. C.R.S. 1963: § 123-11-26.
CO Code § 22-42-126 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-126. Validation

 All school elections and all acts and proceedings had or taken, or purportedly had or taken, prior to June 2, 1971, by or on behalf of any school district, under law or under color of law, preliminary to and in the holding and canvass of all school elections are validated, ratified, approved, and confirmed, notwithstanding any lack of power, authority, or otherwise, and notwithstanding any defects or irregularities in such elections, acts, and proceedings.   History. Source: L. 71: P. 1151, § 10. C.R.S. 1963: § 123-11-27. History. Source: L. 71: P. 1151, § 10. C.R.S. 1963: § 123-11-27.
CO Code § 22-42-127 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-127. Validation - Effect - Limitations

  All bonds issued and other contracts, leases, or agreements executed by school districts, all district bond elections held and carried, and all acts and proceedings had or taken prior to July 1, 1973, by or on behalf of such districts, preliminary to and in the authorization, execution, sale, and issuance of all bonds, the authorization and execution of all other contracts, leases, or agreements, and the exercise of other powers in section 22-42-104 are hereby validated, ratified, approved, and confirmed, notwithstanding any defects and irregularities, other than constitutional, in such bonds, acts, and proceedings, in such authorization, execution, sale, and issuance, and in such exercise of powers; and such bonds and other contracts, leases, or agreements are and shall be binding, legal, valid, and enforceable obligations of the district to which they appertain in accordance with their terms and their authorization proceedings.    This section shall operate to supply legislative authority as may be necessary to accomplish the validations provided and authorized in this section but shall be limited to validations consistent with all provisions of applicable law in effect at the time of such action or other matter. This article shall not operate to validate any action or other matter the legality of which is being contested or inquired into in any legal proceedings pending and undetermined prior to July 1, 1973, nor to validate any action or other matter which has been determined in any legal proceedings prior to July 1, 1973, to be illegal, void, or ineffective.     History. Source: L. 73: P. 1277, § 6. C.R.S. 1963: § 123-11-28. History. Source: L. 73: P. 1277, § 6. C.R.S. 1963: § 123-11-28.
CO Code § 22-42-128 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-128. Effect of Article X, Section 20 on Bonded Indebtedness Authorized Prior to November 4, 1992

  The general assembly hereby finds and declares that:   Section 20 (4) of article X of the state constitution provides that, beginning on November 4, 1992, school districts must have voter approval in advance for increases in bonded indebtedness and property tax mill levies;    A sizeable amount of bonded indebtedness had been authorized by school district electors at elections held pursuant to section 22-42-102 prior to the adoption of section 20 of article X;    In approving the question of incurring bonded indebtedness, the voters acknowledged that the board of education of the school district would annually certify the amount needed for its bond redemption fund to make principal and interest payments on the bonds, that a property tax would be levied annually to produce such certified amount, and that the property tax mill levy would be raised or lowered annually to produce such certified amount;    Once bonded indebtedness was incurred, the voters of the district, as well as the bondholders, had a reasonable expectation that further voter approval would not be required;    The purpose of section 20 (4) of article X is to allow the electors of school districts to have a voice in bonded indebtedness increases and property tax mill levy increases;    The purpose of section 20 (4) has already been fully satisfied because the question of incurring bonded indebtedness, and the method for paying such indebtedness through an adjustment to the property tax mill levy, has already been approved by the voters at elections held prior to November 4, 1992; and    The purpose of section 20 (4) would not be further satisfied by requiring voter approval each time the mill levy needs to be adjusted to produce the revenue necessary to pay school district bonded indebtedness authorized at elections held prior to November 4, 1992.       Bonded indebtedness authorized at elections held pursuant to section 22-42-102 prior to November 4, 1992, or the refunding of such bonded indebtedness, which involve a property tax mill levy or a pledge of a property tax mill levy pursuant to section 22-42-118 to provide revenues to the school district to make bonded indebtedness payments or to cover default or deficiencies in bonded indebtedness payments, is not affected or impaired by the passage of section 20 of article X of the state constitution.     History. Source: L. 94: Entire section added, p. 456, § 1, effective March 21.    ANNOTATION   This section is consistent with art. X, § 20, of the state constitution. Bolt v. Arapahoe County Sch. Dist. No. 6, 898 P.2d 525 (Colo. 1995).
CO Code § 22-42-129 (2021)
2021 Colorado Code|Title 22 - Education|Article 42 - Bonded Indebtedness|§ 22-42-129. Limitation on Actions

 No action shall be brought questioning the legality of any bonds or loans authorized by this title or any resolution, proceeding, or contract in connection with such bonds or loans on and after thirty days from the effective date of the resolution authorizing the issuance of such bonds or the execution of any loan agreement.   History. Source: L. 2000: Entire section added, p. 520, § 3, effective August 2.
CO Code § 22-43-101 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-101. Definitions

 As used in this article, unless the context otherwise requires:    “Board of education” or “board” means the governing body authorized by law to administer the affairs of any school district. (1.5) Repealed.    “Net effective interest rate” of a proposed issue of refunding bonds means the net interest cost of said refunding issue divided by the sum of the products derived by multiplying the principal amounts of such refunding issue maturing on each maturity date by the number of years from the date of said proposed refunding bonds to their respective maturities. “Net effective interest rate” of an outstanding issue of bonds to be refunded means the net interest cost of said issue to be refunded divided by the sum of the products derived by multiplying the principal amounts of such issue to be refunded maturing on each maturity date by the number of years from the date of the proposed refunding bonds to the respective maturities of the bonds to be refunded. In all cases the net effective interest rate shall be computed without regard to any option of redemption prior to the designated maturity dates of the bonds.    “Net interest cost” of a proposed issue of refunding bonds means the total amount of interest to accrue on said refunding bonds from their date to their respective maturities, less the amount of any premium above par at which said refunding bonds are being or have been sold. “Net interest cost” of an outstanding issue of bonds to be refunded means the total amount of interest which would accrue on said outstanding bonds from the date of the proposed refunding bonds to the respective maturity dates of said outstanding bonds to be refunded. In all cases the net interest cost shall be computed without regard to any option of redemption prior to the designated maturity dates of the bonds.    “School district” or “district” means a school district organized and existing pursuant to law or a joint taxation district organized and existing pursuant to part 2 of article 30 of this title.     History. Source: L. 64: R&RE, p. 558, § 3. C.R.S. 1963: § 123-12-1. L. 75: (1.5) added, p. 704, § 1, effective March 3; (4) amended, p. 787, § 9, effective July 1. L. 89: (1.5) repealed, p. 1135, § 85, effective July 1. L. 96: (4) amended, p. 66, § 24, effective July 1. History. Source: L. 64: R&RE, p. 558, § 3. C.R.S. 1963: § 123-12-1. L. 75: (1.5) added, p. 704, § 1, effective March 3; (4) amended, p. 787, § 9, effective July 1. L. 89: (1.5) repealed, p. 1135, § 85, effective July 1. L. 96: (4) amended, p. 66, § 24, effective July 1.
CO Code § 22-43-102 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-102. Refunding Bonds May Be Issued

  Any school district in this state may issue negotiable coupon bonds to be denominated refunding bonds for the purpose of refunding any of the bonded indebtedness of such district, whether said indebtedness is due or not due, or has or may hereafter become payable or redeemable at the option of such district, or by consent of the bondholders, or by any lawful means, whether such bonded indebtedness be now existing or may hereafter be created.    The bonded indebtedness of any district outstanding at the time of the inclusion of all such district's territory in another district, by reorganization, consolidation, dissolution, or any other lawful means, may be refunded by action of the board of the district including such territory at the time of such refunding, whether or not such indebtedness has been assumed by the district including such territory.    When an entire district having outstanding bonded indebtedness has been divided and parts thereof included within two or more other districts by any lawful means, the refunding of such indebtedness shall require affirmative action by a majority of the members of the boards of each of the districts within which any part of the territory of such district owing said indebtedness is then included, except as is provided in this article to the contrary.    The bonded indebtedness of any school district outstanding at the time any territory of said district is detached therefrom by any lawful means, and which district has retained its lawful corporate existence subsequent to the detachment of such territory from said district, may be refunded by action of the board of such district from which territory has been detached with or without concurrence or action by the board of the district within which said detached territory is included, and such districts from which territory has been detached and which retain their corporate existence subsequent to detachment are specifically exempted from the requirements and provisions of subsection (3) of this section.    Any such refunding bonds may be issued to refund any issues of outstanding bonds; but no two or more issues of outstanding bonds may be refunded by a single issue of refunding bonds unless the taxable property upon which tax levies are being made for payment of each such outstanding issue of bonds is identical to the taxable property on which such levies are being made for the payment of all other outstanding bonds proposed to be refunded by such single issue of refunding bonds.    Repealed.     History. Source: L. 64: R&RE, p. 559, § 3. C.R.S. 1963: § 123-12-2. L. 83: (6) added, p. 760, § 2, effective May 26. History. Source: L. 64: R&RE, p. 559, § 3. C.R.S. 1963: § 123-12-2. L. 83: (6) added, p. 760, § 2, effective May 26.    Editor's note:   Subsection (6)(b) provided for the repeal of subsection (6), effective July 1, 1986. (See L. 83, p. 760 .)
CO Code § 22-43-103 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-103. Question of Issuing Refunding Bonds

  Whenever the board of education of any school district deems it expedient to issue refunding bonds under the provisions of this article and the net effective interest rate and the net interest cost of said issue of refunding bonds shall not exceed the net effective interest rate and the net interest cost of the outstanding bonds to be refunded, such refunding bonds may be issued without the submission of the question of issuing the same at an election held in accordance with article 42 of this title. If two or more issues of outstanding bonds of a school district are to be refunded by the issuance of a single issue of refunding bonds, as provided in section 22-43-102 (5), the net interest cost and net effective interest rate on the bonds to be refunded shall be computed as if all of said bonds had originally been combined as a single issue aggregating the total of the smaller issues, and the results of this computation shall be compared with the net interest cost and net effective interest rate on the whole of the single refunding issue for purposes of determining the necessity of submitting the question of issuing such refunding bonds at an election held in accordance with article 42 of this title.    If any district proposes to issue refunding bonds, on which issue the net interest cost or net effective interest rate exceeds the net interest cost or net effective interest rate of the outstanding bonds to be refunded, the board shall submit the question of issuing such refunding bonds and the maximum net interest cost and maximum net effective interest rate at which such refunding bonds may be issued at the regular biennial school election or at a special election called for that purpose. Any such election shall be called and held as nearly as may be in the manner provided by law for elections on the question of the issuance of other school bonds of the issuing district.     History. Source: L. 64: R&RE, p. 560, § 3. C.R.S. 1963: § 123-12-3. L. 70: P. 337, § 13. History. Source: L. 64: R&RE, p. 560, § 3. C.R.S. 1963: § 123-12-3. L. 70: P. 337, § 13.
CO Code § 22-43-104 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-104. Authorization - Form - Interest

  Such refunding bonds shall be authorized by a resolution fixing the date, the denominations, the rate of interest on individual bonds, the maturity dates which shall not be more than twenty-five years after the date of such refunding bonds, and the place of payment within or without the state of Colorado, of both principal and interest, and prescribing the form of such refunding bonds. Such bonds shall be negotiable in form and executed in the same manner as prescribed for other school district bonds. At the discretion of the board, any such bonds may be issued with privileges for registration for payment as to principal or interest, or both.    The interest accruing on such refunding bonds may be evidenced by interest coupons thereto attached in substantially the same form as prescribed for other school district bonds, and, when so executed, such coupons shall be the binding obligations of the district according to their import. Such refunding bonds shall mature serially, commencing not later than five years after the date of such bonds and maturing during a period not exceeding twenty-five years after the date thereof. The amount of such maturities shall be fixed by the board of education and specified in the resolution authorizing the issuance of the refunding bonds. The right to redeem all or part of said bonds prior to their maturity, and the order of any such redemption, may be reserved in the resolution authorizing the issuance of bonds and shall be set forth on the face of said bonds. Interest on refunding bonds issued on or after July 1, 1973, pursuant to this article shall be exempt from Colorado income tax.     History. Source: L. 64: R&RE, p. 561, § 3. C.R.S. 1963: § 123-12-4. L. 70: P. 338, § 14. L. 73: P. 1250, § 2. History. Source: L. 64: R&RE, p. 561, § 3. C.R.S. 1963: § 123-12-4. L. 70: P. 338, § 14. L. 73: P. 1250, § 2.
CO Code § 22-43-105 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-105. Sale - Proceeds - Amounts

 Such refunding bonds may be exchanged for the bonds to be refunded, or they may be sold at, above, or below their par value; but such refunding bonds shall be exchanged or sold at a price such that the net interest cost and the net effective interest rate for the issue of refunding bonds does not exceed the net interest cost and the net effective interest rate of the outstanding bonds to be refunded or the maximum net effective interest rate and net interest cost approved by the voters, as the case may be. Such refunding bonds shall be in a principal amount not exceeding the principal amount of the bonds to be refunded, as directed by the board of education, and the proceeds thereof shall be applied only to the purpose for which such refunding bonds were issued. The principal amount of said refunding bonds may be the same or less than the principal amount of the bonds to be refunded, if due, adequate, and sufficient provision has been made for the payment or redemption and retirement of said bonds to be refunded and the payment of the interest accruing thereon in accordance with this article.   History. Source: L. 64: R&RE, p. 561, § 3. C.R.S. 1963: § 123-12-5. L. 70: P. 338, § 15. History. Source: L. 64: R&RE, p. 561, § 3. C.R.S. 1963: § 123-12-5. L. 70: P. 338, § 15.
CO Code § 22-43-106 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-106. Needed Revenues - Tax Levy - Miscellaneous

  Whenever a board of education issues refunding bonds under the provisions of this article, sections 22-42-117 to 22-42-121 shall be applicable to said refunding bonds and the procedures therefor, in the same manner as prescribed for other school district bonds; except that any such refunding bonds shall be payable from the same funds which are to be derived from the same source as would have been used to pay the original bonds if no refunding thereof had occurred.    After refunding bonds are issued pursuant to this article, the resolution authorizing the same and providing for the levy of taxes for the payment of interest upon and the principal of such refunding bonds shall not be altered or repealed until the refunding bonds so authorized have been fully paid.     History. Source: L. 64: R&RE, p. 562, § 3. C.R.S. 1963: § 123-12-6. History. Source: L. 64: R&RE, p. 562, § 3. C.R.S. 1963: § 123-12-6.
CO Code § 22-43-108 (2021)
2021 Colorado Code|Title 22 - Education|Article 43 - Refunding Bonds|§ 22-43-108. Reports

 Each school district which issues refunding bonds under the provisions of this article shall file a report within sixty days after the issuance of said bonds with the state board of education. The report shall indicate the principal amount of bonds refunded, the net effective interest rate of both the bonds refunded and the refunding bonds, the net interest cost of both the bonds refunded and the refunding bonds, all school district costs incident to the issuance of refunding bonds, including those of the escrow agent, and such other items as may be determined by the state board of education.   History. Source: L. 64: R&RE, p. 564, § 3. C.R.S. 1963: § 123-12-8. History. Source: L. 64: R&RE, p. 564, § 3. C.R.S. 1963: § 123-12-8.