reglab/housing_qa huggingface dataset:
CO Code § 23-71-404 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 4 - Tax Levies and Revenues|§ 23-71-404. County Treasurer - Accounts - Warrants

  It is the duty of the county treasurer to keep separate accounts by funds and subsidiary accounts for the bond redemption fund of each district in his county, and said funds and accounts shall be subject to the warrants of said district. The tax revenues shall be credited to the proper fund and account, together with any penalty interest collected thereon.    If only a portion of a district is situate within the territorial limits of said county and the headquarters of said district are not located therein, the county treasurer shall transfer, at the end of each month, all moneys which have accrued to the credit of said district to the county treasurer of the county wherein the headquarters of said district is located. No warrant shall be drawn by a district situate in more than one county against its moneys except against those moneys in the custody of the county treasurer of the county wherein the district headquarters is located.    If a district warrant is presented to the county treasurer of a district situate in his county and there are no moneys or insufficient moneys to the credit of said district in the proper fund or account thereof to pay such warrant, it is the duty of said county treasurer to register such warrants in the order of presentment and endorse each such warrant “no funds”. Registered warrants shall draw interest from the date of such registration and endorsement at the rate and in the manner as registered county warrants. The county treasurer shall keep a list of all warrants so registered and endorsed and furnish a copy of said list to the treasurer of said district. The county treasurer shall pay both the principal and interest of said warrants, in the order of registration, when there are sufficient moneys to the credit of the district fund or account upon which any such warrant was drawn. It is his duty to cause to be published in a newspaper with general distribution in said district for five days a notice that certain district warrants, describing said warrants by numbers and amounts, will be paid upon presentation at the expiration of said five-day notice, at which time said warrants shall cease to bear interest.    It is unlawful for a district to issue warrants in excess of the amount budgeted or appropriated to or the anticipated revenues for any fund, whichever is less, for said district's fiscal year whether or not the board of trustees of said district has elected to withdraw its moneys from the custody of the county treasurer.    It is the duty of the county treasurer to cancel all paid district warrants with a proper canceling stamp and indicate the date of payment thereof.     History. Source: L. 75: Entire article added, p. 765, § 1, effective July 1. L. 84: (1) amended, p. 1002, § 2, effective March 16. L. 86: (4) amended, p. 859, § 37, effective July 1.
CO Code § 23-71-405 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 4 - Tax Levies and Revenues|§ 23-71-405. Depositories

  When the board of trustees of a district has elected to have all moneys belonging to the district paid over to the treasurer of said board, the treasurer shall deposit, or cause to be deposited, all such moneys in such depositories as shall be designated by such board.    Each designated depository shall be required to give a surety bond in an amount equal to at least one hundred ten percent of the amount on deposit to the credit of the district at any time, with sureties approved by the board of trustees of the district and conditioned for the payment of all moneys on deposit to the credit of the district, upon demand of the treasurer thereof through presentation of checks, warrants, or orders. In lieu of such surety bond, the board of trustees may accept obligations of the United States or the state of Colorado or general obligation bonds of any district located within the state in an amount equal to said surety bond, and such securities shall be placed with and held in trust by some bank, other than the depository, within the state or with the Denver branch of the federal reserve bank of Kansas City, Missouri, contingent upon the issuance of a joint custody receipt subject to the joint order of the depository and the treasurer of said board and conditioned to secure and guarantee payment of all moneys on deposit to the credit of said district, upon demand of the district through presentation of a warrant or order.    Any moneys belonging to a district which are temporarily not needed in the conduct of its operations may be invested or deposited by the board of trustees of such district pursuant to the provisions of sections 24-75-601 to 24-75-603, C.R.S.    Notwithstanding the provisions of this section, the board of trustees of any district may provide for the establishment, operation, and maintenance of refunding escrow agreements and accounts and may provide for payment of principal and interest on the outstanding bonds of such district by paying agents, pursuant to the provisions of parts 5 and 6 of this article.     History. Source: L. 75: Entire article added, p. 756, § 1, effective July 1. L. 86: Entire section amended, p. 859, § 38, effective July 1.
CO Code § 23-71-406 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 4 - Tax Levies and Revenues|§ 23-71-406. Registered Warrants by Treasurer of the Board of Trustees

 If a board of trustees has elected to withdraw all district moneys from the temporary custody of the county treasurer and there are no moneys or insufficient moneys to the credit of the proper fund of said district on deposit with a depository to pay any warrant or order drawn against said fund, the treasurer of said board of trustees shall register said warrant in the same manner as otherwise prescribed for a county treasurer under the provisions of section 23-71-404 . Registered warrants shall draw interest from the date of such registration and endorsement at the rate and in the same manner as warrants registered by the county treasurer. The treasurer of said board of trustees shall perform all duties required of the county treasurer under section 23-71-404 (3) in the registration and payment of district warrants registered by said treasurer of the board of trustees, including publication for notice of payment thereof.   History. Source: L. 75: Entire article added, p. 766, § 1, effective July 1. L. 86: Entire section amended, p. 859, § 39, effective July 1.
CO Code § 23-71-407 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 4 - Tax Levies and Revenues|§ 23-71-407. Short-Term Loans

 The board of trustees of any district may negotiate or contract with any person, corporation, association, or company for a loan not to exceed the difference between the anticipated revenues for the current fiscal year for the general fund and the amount credited to date to said general fund in order to eliminate the necessity of issuing registered warrants upon said general fund. Such loan shall be liquidated within six months thereafter from moneys subsequently credited to said general fund. The total rate of interest, including fees to be paid on such loan, shall not exceed seventy-five percent of the discount rate set by the federal reserve board for the tenth federal reserve district establishing the rate of interest which federal reserve banks shall charge member banks when such member banks borrow money from a federal reserve bank.   History. Source: L. 75: Entire article added, p. 766, § 1, effective July 1. L. 80: Entire section amended, p. 556, § 2, effective April 13. L. 86: Entire section amended, p. 860, § 40, effective July 1.
CO Code § 23-71-501 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-501. Definitions

 As used in this part 5, unless the context otherwise requires:    “Board of trustees” means the governing body authorized by law to administer the affairs of any local college district.    “District” means a local college district organized and existing pursuant to law. (2.5) “Eligible elector” means an elector who has complied with the registration provisions of article 2 of title 1, C.R.S., and who resides within the local college district calling the election.    “Net effective interest rate” of a proposed issue of bonds means the net interest cost of the issue divided by the sum of the products derived by multiplying the principal amount of such issue maturing on each maturity date by the number of years from the date of said proposed bonds to their respective maturities. 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 bonds means the total amount of interest to accrue on said bonds from their date to their respective maturities, plus the amount of any discount below par or less the amount of any premium above par at which said bonds are being or have been sold. 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.    and (6)(Deleted by amendment,L. 92, p. 860, § 72, effective January 1, 1993.)     History. Source: L. 75: Entire article added, p. 767, § 1, effective July 1. L. 86: (1) amended, p. 860, § 41, effective July 1. L. 92: (2.5) added and (5) and (6) amended, p. 860, § 72, effective January 1, 1993.
CO Code § 23-71-502 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-502. Bonded Indebtedness - Elections

  No general obligation bonded indebtedness shall be contracted by any district for the purpose of purchasing, erecting, improving, remodeling, and furnishing local district college buildings, sites, facilities, and equipment unless the proposition to create such debt has first been submitted to and approved by the eligible electors of the district.    The board of trustees of any district, at any regular biennial school election or at a special election called for the purpose, shall submit to the eligible electors of the district the question of contracting a bonded indebtedness for the purpose of purchasing, erecting, improving, remodeling, and furnishing local district college buildings, sites, facilities, and equipment, which purposes shall be broadly construed, subject to the limitations provided in section 23-71-503.    All elections authorized under this article shall be conducted pursuant to the provisions of articles 1 to 13 of title 1, C.R.S. The secretary of the board of trustees shall be the designated election official for all elections unless otherwise provided by the board of trustees. Any notice given shall contain a statement of the amount of the bonded indebtedness proposed to be contracted, the maximum net effective interest rate at which the indebtedness shall be incurred, and the maximum period of time within which the amount shall be payable, and the day and the place of the election.       (Deleted by amendment,L. 92, p. 861, § 73, effective January 1, 1993.)      The board of trustees of any district, having received approval at an election to issue bonds and having determined that the limitations of the original election question are too restrictive to permit the advantageous sale of the bonds so authorized, may submit at another regular or special election:   The question of issuing the bonds, or any portion thereof, at a higher maximum net effective interest rate than the maximum interest rate or maximum net effective interest rate approved at the original election; or    The question of issuing the bonds, or any portion thereof, to mature over a longer period of time than the maximum period of maturity approved at the original election.       An election held pursuant to this subsection (6) shall be held in substantially the same manner as an election to authorize bonds initially, except as may be required for the submission of the limited question permitted under this subsection (6).    If a majority of those voting at an election held pursuant to this subsection (6) fail to approve the changes submitted, such result shall not impair the authority of the board of trustees at a later time to issue the bonds originally approved within the limitations established at the first election.         History. Source: L. 75: Entire article added, p. 767, § 1, effective July 1. L. 86: (2) to (5), IP(6)(a), and (6)(c) amended, p. 860, § 42, effective July 1. L. 92: (1) to (5) amended, p. 861, § 73, effective January 1, 1993.
CO Code § 23-71-503 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-503. Limitations on Elections

 The question of contracting bonded indebtedness may be submitted or resubmitted after the same or any other such question has previously been rejected at an election held pursuant to this part 5; but no such question shall be submitted or resubmitted at any election held less than one hundred twenty days after a previous submission of such question, and the board of trustees of a district shall not submit any question of contracting bonded indebtedness at more than two elections within any twelve-month period. The provisions of this section shall not apply to elections on assumption of existing bonded indebtedness held pursuant to law.   History. Source: L. 75: Entire article added, p. 768, § 1, effective July 1. L. 86: Entire section amended, p. 861, § 43, effective July 1.
CO Code § 23-71-504 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-504. Limit of Bonded Indebtedness

  Each district shall have a limit of bonded indebtedness of twenty percent of the latest valuation for assessment of the taxable property in such district as certified by the assessor to the board of county commissioners. The indebtedness of the former districts or parts of districts, constituting any new district, shall not be considered in fixing the limit of such twenty percent; but, if any district assumes the bonded indebtedness of any other district, or a proportionate share thereof, existing at the time of inclusion in the assuming district, pursuant to law, such bonded indebtedness shall be included in the twenty percent limitation.    The permission to incur additional bonded indebtedness, granted by the property tax administrator in the department of local affairs, and any district bonds issued pursuant thereto on or after May 10, 1972, are hereby validated. This subsection (2) shall not be construed to grant authority to incur bonded indebtedness in excess of said twenty percent limitation.     History. Source: L. 75: Entire article added, p. 769, § 1, effective July 1.
CO Code § 23-71-514 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-514. Board of Trustees May Issue Bonds - Exemption From Colorado Income Tax

 When approved at an election held pursuant to section 23-71-502 , the board of trustees, from time to time, as the proceeds thereof are needed for the purposes specified in the notice of said bond election, shall issue bonds of the district in denominations of one thousand dollars or any multiple of one thousand dollars, in its discretion, bearing interest at a rate such that the net effective interest rate of the bond issue does not exceed the maximum net effective interest rate specified in the notice of said bond election, payable at such time, determined in the discretion of the board of trustees, which bonds shall mature serially, commencing not later than five years and extending not more than twenty-five years from the date thereof. Principal and interest thereon shall be payable at such place as shall be determined by said board of trustees and designated in said bonds. Said bonds shall be made callable for redemption commencing no later than eleven years from their date in such manner, with or without premium, as may be determined by the board of trustees. Interest on local college district bonds issued on or after July 1, 1973, shall be exempt from Colorado income tax.   History. Source: L. 75: Entire article added, p. 772, § 1, effective July 1. L. 86: Entire section amended, p. 863, § 51, effective July 1.
CO Code § 23-71-515 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-515. Form of Bonds

 The bonds issued under the provisions of this part 5 shall be numbered consecutively, beginning with number one. The board of trustees of the district is authorized to prescribe the form of such bonds. Said bonds shall recite that they are issued pursuant to this part 5, and said bonds shall be signed by the president of the board of trustees, bear an impression of the seal of the district, and be attested by signature of the secretary. Coupons, if any, evidencing the interest thereon shall bear the signature of the president of the board of trustees, which may be affixed by him in person, or it may be an engraved or lithographed facsimile thereof. At the discretion of the board of trustees, any bonds may be issued with privileges for registration of such bonds for payment as to principal, interest, or both. In the execution of bonds authorized pursuant to this part 5, the board of trustees may provide for the use of facsimile signatures and facsimile seals in the manner set forth in article 55 of title 11, C.R.S.   History. Source: L. 75: Entire article added, p. 772, § 1, effective July 1. L. 86: Entire section amended, p. 864, § 52, effective July 1.
CO Code § 23-71-516 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-516. Sale at Less Than Par - Discount

 If it is found to be in the best interest of the district, the board of trustees may issue such bonds and accept therefor less than their face value; but such bonds shall be sold at a price such that the net effective interest rate for the issue of bonds does not exceed the maximum net effective interest rate approved by the voters in the election authorizing such bonds.   History. Source: L. 75: Entire article added, p. 772, § 1, effective July 1. L. 86: Entire section amended, p. 864, § 53, effective July 1.
CO Code § 23-71-517 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-517. Board of Trustees to Certify Needed Revenues

  If the board of trustees has issued any of said bonds at the time of certifying to the board of county commissioners a statement showing the amount necessary to raise from the taxable property of said district for the general fund as required by law, it shall also certify to said board of county commissioners the amount needed for its bond redemption fund to pay all installments of principal and interest of said bonds, which, according to their terms, have already become due and payable or shall become due and payable during the next ensuing fiscal year, or both, together with such additional amount, if any, as, in the judgment of the board of trustees, is desirable to raise from the taxable property of said district for the purpose of redeeming, during the said ensuing fiscal year, any of said bonds which are redeemable but not due.    The board of trustees has the authority to include in each amount certified for said bond redemption fund an amount to create a reserve for the redemption of bonds in future years prior to their maturities or for purchasing at a discount and cancellation any bond on which the interest is being paid from the current district debt service mill levy; but said reserve shall be restricted to the subsidiary account in the bond redemption fund for which said tax levy was made. A total of not more than one mill on the then current valuation for assessment may be carried in the reserve at any one time to be available for prior redemption purposes.     History. Source: L. 75: Entire article added, p. 772, § 1, effective July 1. L. 86: Entire section amended, p. 864, § 54, effective July 1.
CO Code § 23-71-518 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 71 - Local District Colleges|Part 5 - Bonded Indebtedness|§ 23-71-518. Tax Levy to Pay Principal and Interest

  If any district has issued bonds under the provisions of this part 5, it is the duty of the board of county commissioners of the county in which said district is situated, at the time of levying other district taxes, to levy a tax on all the taxable property of said district at a rate sufficient to produce such amount as has been certified by the board of trustees of said district for the purpose of paying bonds not yet due, as provided in section 23-71-517.    Except when said district has sufficient moneys or securities in a refunding escrow account to satisfy the bonded indebtedness obligations which will be due and payable during said district's next ensuing fiscal year, if the board of trustees fails to certify such an amount to the board of county commissioners as required by section 23-71-517, the board of county commissioners, nevertheless, shall levy upon the appropriate taxable property of said district a tax in addition to the taxes levied for other purposes in an amount sufficient to pay all installments of principal and interest of said bonds that shall become due during the next ensuing fiscal year or, if said bonds do not become due and payable in series at different times, in an amount sufficient to pay all installments of interest then to become due and the aforesaid portion of principal.    The amount certified pursuant to section 23-71-517 and the rate of the tax levy required by this section shall be sufficient to cover any deficiency which may occur by reason of delinquent payment of taxes.    The county treasurer shall not collect any fee on the moneys received by virtue of a tax levied pursuant to this section or by virtue of his office having been designated as the place of payment or optional place of payment for bonds issued under this part 5 or under part 6 of this article, nor shall he collect any fee on any moneys received from any other source to pay bonds or interest thereon.     History. Source: L. 75: Entire article added, p. 773, § 1, effective July 1. L. 86: (1) and (2) amended, p. 865, § 55, effective July 1.