reglab/housing_qa huggingface dataset:
CO Code § 24-75-705 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 7 - Investment Funds - Local Government Pooling|§ 24-75-705. Board of Trustees - Duties - Liabilities

  The board of trustees of any local government investment pool trust fund moneys authorized by this section shall invest in compliance with the requirements of this section and with that degree of judgment and care, under the circumstances then prevailing, which persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital and need for liquidity as well as the probable income to be derived.    The board shall exercise the functions over which such board has substantial discretion solely in the interest of the participating local governments and for the exclusive purpose of providing earnings and defraying expenses incurred in administering the trust fund. The board shall act in accordance with the provisions of this part 7 and with the care, skill, and due diligence in light of the circumstances then prevailing that a person in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims.    It is unlawful for a member of the board to engage in any activities which might result in a conflict of interest with such member's functions as a fiduciary of the trust fund.     Source: L. 93: Entire part R&RE, p. 323, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-702 as it existed prior to 1993. For a detailed comparison, see the comparative tables located in the back of the index.
CO Code § 24-75-706 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 7 - Investment Funds - Local Government Pooling|§ 24-75-706. Custodian - Location - Unlawful Activities

  It is unlawful for any custodian of a local government investment pool trust fund to:   Maintain the primary records of the assets of the trust fund anywhere but within the state of Colorado;    Act as a trustee, administrator, or investment adviser of the trust fund, except that a financial institution, or any person employed by or directly associated with a financial institution, acting as a custodian for a trust fund is not prohibited from also acting as administrator or in any advisory capacity for such trust fund;    Effect any transaction to relinquish possession of, distribute, expend, or transfer any of the assets of the trust fund without the prior written authorization of the board, except for:   The purchase or sale of authorized investments or the exchange of such assets for other assets of equal or greater value provided that such sale, purchase, or exchange is solely in the accounts of the trust fund;    Distributions to participating local governments; or    The payment of routine fees and expenses that have been authorized by the board of trustees in the annual budget of the trust fund; or       Execute any transaction with any of the assets of the trust fund without the written instruction of the investment adviser or a financial institution acting in an advisory capacity.       The custodian shall reconcile the accounts of a trust fund on a daily basis.     Source: L. 93: Entire part R&RE, p. 324, § 1, effective July 1.
CO Code § 24-75-707 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 7 - Investment Funds - Local Government Pooling|§ 24-75-707. Investment Adviser - Duties - Unlawful Activities

  An investment adviser, a broker-dealer, or a financial institution acting in an advisory capacity for a local government investment pool trust fund which contracts with the board of trustees of such trust fund shall be held to the standard of conduct set forth in section 24-75-705 with respect to those functions over which such investment adviser, broker-dealer, or financial institution has substantial discretion.    It is unlawful for any investment adviser to a local government investment pool trust fund or any investment adviser representative of such investment adviser to:   Act as a member of the board of trustees or custodian of that trust fund; or    Maintain the primary records of the trust fund anywhere but within this state; except that, the securities commissioner may, by rule or order, and subject to such terms and conditions as prescribed therein, permit the maintenance of such records in another state if the securities commissioner finds that maintenance of such records in this state is not necessary in the public interest and for the protection of participating local governments.       It is unlawful for any broker-dealer or financial institution acting in an advisory capacity to a local government investment pool trust fund or any person employed by or directly associated with a broker-dealer or financial institution acting in an advisory capacity to such a trust fund to:   Act as a member of the board of trustees of that trust fund; or    Maintain the primary records of the trust fund anywhere but within this state; except that, the securities commissioner may, by rule or order, and subject to such terms and conditions as prescribed therein, permit the maintenance of such records in another state if the securities commissioner finds that maintenance of such records in this state is not necessary in the public interest and for the protection of participating local governments.        Source: L. 93: Entire part R&RE, p. 324, § 1, effective July 1.
CO Code § 24-75-708 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 7 - Investment Funds - Local Government Pooling|§ 24-75-708. Administrator - Duties - Unlawful Activities

  Every local government investment pool trust fund shall be administered by an administrator in this state appointed by the board of trustees of such pool. The administrator shall have such duties as may be prescribed by the securities commissioner by rule.    It is unlawful for an administrator to:   Act as a trustee or custodian of a local government investment pool trust fund, except that a financial institution, or any person employed by or directly associated with a financial institution, acting as the administrator for a trust fund is not prohibited from also acting as custodian for such trust fund; or    Maintain the primary records of the trust fund anywhere but within this state; except that, the securities commissioner may, by rule or order, and subject to such terms and conditions as prescribed therein, permit the maintenance of such records in another state if the securities commissioner finds that maintenance of such records in this state is not necessary in the public interest and for the protection of participating local governments.        Source: L. 93: Entire part R&RE, p. 325, § 1, effective July 1.
CO Code § 24-75-709 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 7 - Investment Funds - Local Government Pooling|§ 24-75-709. Administration and Enforcement

 This part 7 shall be administered and enforced by the securities commissioner pursuant to section 11-51-902, C.R.S.   Source: L. 93: Entire part R&RE, p. 326, § 1, effective July 1.
CO Code § 24-75-901 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-901. Short Title

 This part 9 shall be known and may be cited as the "Funds Management Act of 1986".   Source: L. 86: Entire part R&RE, p. 967, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-901 as it existed prior to 1986.
CO Code § 24-75-902 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-902. Legislative Declaration

 The general assembly hereby finds and declares that, since the state currently experiences and may hereafter experience fluctuations in revenues and expenditures and temporary cash flow deficits resulting in the temporary inability to pay proper expenses from currently budgeted and appropriated revenues of its various funds and since the state must maintain its reputation for timely payment to its creditors and suppliers, this part 9 is necessary for the immediate preservation of the public peace, health, and safety.   Source: L. 86: Entire part R&RE, p. 967, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-902 as it existed prior to 1986.
CO Code § 24-75-903 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-903. Definitions

 As used in this part 9, unless the context otherwise requires:    "Book entry" means a form of issuance under which no physical instrument is issued and the rights to principal and interest payments are evidenced by and may be transferred only through a bookkeeping entry in a central registry. (1.5) "Expenditure" means any cash expenditure or other cash disbursement which may be made from revenue duly credited to a particular fund.    "Fund" means any fund or group of accounts to which state moneys are credited, including, but not limited to: The general fund, the highway users tax fund, the Pinnacol Assurance fund, the Colorado water conservation board construction fund, the department of personnel revolving fund, the correctional industries account, the capital construction fund, the severance tax trust fund, and the higher education fund.    "Note" means any note or other evidence of borrowing made under the authority of this part 9.    "Revenue" means any cash income or other cash receipt duly credited to a particular fund.    and (6) Repealed.     Source: L. 86: Entire part R&RE, p. 967, § 1, effective July 1. p. 539, § 50. L. 89: (1) R&RE and (1.5) added, p. 1137, §§ 1, 2, effective March 21. L. 90: (2) amended, p. 1276, § 2, effective May 9. L. 96: (2), (5), and (6) amended, p. 1528, § 84, effective June 1. L. 97: (5) and (6) repealed, p. 1022, § 41, effective August 6. L. 2002: (2) amended, p. 1896, § 66, effective July 1. L. 2018: (2) amended, (HB 18-1375), ch. 274, p. 1713, § 56, effective May 29.   Editor's note: This section is similar to former § 24-75-903 as it existed prior to 1986.
CO Code § 24-75-904 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-904. Computations

 In computing the amount of revenue in a particular fund, there shall not be considered the proceeds of any note or other borrowing credited to such fund or any income from the investment of revenue or of such proceeds. Likewise, in computing the amount of expenditure in a particular fund, there shall not be considered the payments of principal, interest, or premium on any note or other borrowing payable from such fund.   Source: L. 86: Entire part R&RE, p. 968, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-904 as it existed prior to 1986.
CO Code § 24-75-905 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-905. Authority to Issue and Sell Notes

  The state treasurer, on behalf of the state, may, by resolution, issue from time to time and sell notes payable from the anticipated revenue of any fund in order to accomplish any of the purposes of this part 9. The proceeds of the notes may be applied for the payment of the costs of issuing the notes, for the payment of any expenditure otherwise payable from the revenue of the fund upon which the notes are issued, for the payment of the principal of, the interest on, or any premium due in connection with the redemption, purchase, or payment of any notes, or for the payment of any combination thereof. Pending such application, such proceeds may be invested or deposited as provided in this part 9.    The state treasurer has the following powers in order to accomplish any of the purposes of this part 9, in addition to the powers otherwise granted by law:   To use the seal of the state treasurer;    To issue notes for the purposes provided in this part 9;    To adopt resolutions;    To engage the services of consultants, financial advisors, underwriters, attorneys, paying agents, registrars, remarketing agents, indexing agents, depositories, and other agents whose services may be required in connection with the notes;    To enter into contracts and agreements in connection with the notes, including but not limited to contracts with persons specified in paragraph (d) of this subsection (2) and contracts providing for the purchase or repurchase of the notes; and    To do all things necessary and convenient to carry out the purposes of this part 9 and in connection with the issuance of notes.       The controller and the director of the office of state planning and budgeting shall, at the request of the state treasurer, assist and advise the state treasurer concerning the amount of notes to be issued and the terms and conditions under which the notes are to be issued.     Source: L. 86: Entire part R&RE, p. 968, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-905 as it existed prior to 1986.
CO Code § 24-75-906 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-906. Limitation on Amount of Notes

 The principal amount of notes payable from any fund shall be limited to fifty percent of the amount of revenue anticipated but not yet credited to the fund for the applicable fiscal year.   Source: L. 86: Entire part R&RE, p. 969, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-906 as it existed prior to 1986.
CO Code § 24-75-908 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-908. Execution of Notes

  The notes shall be signed on behalf of the state by the state treasurer and countersigned by the controller, and the seal of the state treasurer shall be affixed thereto; except that no such signatures or seal shall be required if the notes are issued in book entry form pursuant to section 24-75-907    Pursuant to article 55 of title 11, C.R.S., any signature required by subsection (1) of this section may be a facsimile signature imprinted, engraved, stamped, or otherwise placed on the notes. If all signatures of public officials on the notes are facsimile signatures, provision shall be made for a manual authenticating signature on the notes by or on behalf of a designated authenticating agent. If an official ceases to hold office before delivery of the notes signed by such official, the signature or facsimile signature of the official is nevertheless valid and sufficient for all purposes. A facsimile of the seal of the state treasurer may be imprinted, engraved, stamped, or otherwise placed on the notes.     (1). The resolution authorizing the issuance of the notes may provide that the notes may be authenticated prior to delivery by the authorized representative of the registrar, paying agent, or depository.   Source: L. 86: Entire part R&RE, p. 969, § 1, effective July 1. L. 89: Entire section amended, p. 1138, § 4, effective March 21.   Editor's note: This section is similar to former § 24-75-908 as it existed prior to 1986.
CO Code § 24-75-909 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-909. Manner of Sale of Notes

 Notes may be sold at public or private sale and may be sold at, above, or below par.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-909 as it existed prior to 1986.
CO Code § 24-75-910 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-910. Investment or Deposit of Proceeds - Income Therefrom

 The state treasurer may invest and reinvest the proceeds of the notes in any securities which are legal investments for the fund from which the notes are payable or may deposit such proceeds in any eligible public depository. Notwithstanding the provisions of any other statute to the contrary, the income from any such investment or deposit shall be credited to the fund from which such notes are payable and shall be retained therein.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-910 as it existed prior to 1986.
CO Code § 24-75-911 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-911. No Debt Created

 Notes shall be payable solely from the revenues pledged thereto, and the owners or holders of the notes may not look to any other source for repayment of the principal of or interest on the notes. In every case, the revenues pledged shall be those which are the subject of appropriation for the current fiscal year and are yet to be credited to the applicable fund. The notes shall not constitute a debt or an indebtedness of the state within the meaning of any applicable provision of the state constitution or statutes.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-911 as it existed prior to 1986.
CO Code § 24-75-912 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-912. Notes as Legal Investments and Eligible Collateral

 Notwithstanding the provisions of any other statute to the contrary, notes meeting the investment requirements established in part 6 of this article shall be legal investments for any political subdivision or public body of the state and shall be eligible for use as collateral for deposits of public funds.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1. L. 89: Entire section amended, p. 1129, § 66, effective July 1.   Editor's note: This section is similar to former § 24-75-912 as it existed prior to 1986.
CO Code § 24-75-913 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-913. Construction With Other Statutes

 The powers conferred by this part 9 shall constitute an additional and separate grant of powers for the issuance and payment of the notes and all other acts in connection therewith authorized by this part 9. The powers conferred by this part 9 are in addition to any other powers conferred by statute. If there is any inconsistency between the provisions of this part 9 and any other statutes, the provisions of this part 9 shall apply to the issuance of notes under this part 9.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-913 as it existed prior to 1986.
CO Code § 24-75-914 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-914. State Auditor - Report

 The state auditor shall annually prepare and submit a report to the legislative audit committee and to the finance committees of the senate and the house of representatives, which shall include, but need not be limited to, a review and analysis of the sales, purchases, and rates of any notes issued under this part 9 and any other information deemed by the state auditor to be necessary to judge the effectiveness of this part 9.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-914 as it existed prior to 1986.
CO Code § 24-75-915 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 9 - Funds Management Act of 1986|§ 24-75-915. Saving Clause

 The repeal and reenactment of this part 9, effective July 1, 1986, shall not affect the validity of any notes or any agreements in connection with such notes issued by the state treasurer pursuant to the authority contained in this part 9 prior to July 1, 1986.   Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.   Editor's note: This section is similar to former § 24-75-915 as it existed prior to 1986.
CO Code § 24-75-1001 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 10 - Higher Education Fund|§ 24-75-1001. Higher Education Fund

  There is hereby created the higher education fund, which shall consist of all moneys which shall be allocated thereto by the state treasurer pursuant to subsection (2) of this section.    The moneys annually allocated to the higher education fund shall be the amount of the total annual general fund appropriations to the department of higher education for that fiscal year. Such allocation shall be made, as moneys become available, on a periodic basis during such fiscal year commencing on July 1 or the beginning of such fiscal year.    The higher education fund shall be separate from the general fund and considered a special fund under section 24-75-201.    Nothing in subsection (1) of this section shall be construed to supersede the provisions of sections 23-20-117.5 and 23-30-106, C.R.S.     Source: L. 90: Entire part added, p. 1276, § 1, effective May 9. L. 94: (4) amended, p. 1650, § 95, effective May 31; (4) amended, p. 538, § 3, effective July 1.
CO Code § 24-75-1101 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 11 - Tobacco Settlement Funds|§ 24-75-1101. Legislative Declaration

 The general assembly hereby finds and declares that, pursuant to the master settlement agreement between several states, including Colorado, and certain tobacco companies, the state will receive substantial moneys for several years, and that such moneys may be reduced based on several factors, such as decreased sales of tobacco products. The general assembly further finds that such moneys will enable Colorado to enact tobacco use prevention, education, and cessation programs, related health programs, and literacy programs and that such programs must involve cost-effective programs at the state and local levels. For such purposes, the policies in this part 11 shall apply to all moneys received by the state from the master settlement agreement.   Source: L. 2000: Entire part added, p. 588, § 1, effective May 18.
CO Code § 24-75-1102 (2021)
2021 Colorado Code|Title 24 - Government - State|Article 75 - State Funds|Part 11 - Tobacco Settlement Funds|§ 24-75-1102. Definitions

 As used in this part 11, unless the context otherwise requires:    "Master settlement agreement" means the master settlement agreement, the smokeless tobacco master settlement agreement, and the consent decree approved and entered by the court in the case denominated , Case No. 97 CV 3432, in the district court for the city and county of Denver.    "Settlement moneys" means the moneys received pursuant to the master settlement agreement, other than attorney fees and costs. (2.5) "Strategic contribution fund moneys" means settlement moneys received by the state from the strategic contribution fund created under the terms of the master settlement agreement.    "Tobacco settlement program" means any program that receives appropriations from moneys received by the state pursuant to the master settlement agreement.    State of Colorado, ex rel. Gale A. Norton, Attorney General v. R.J. Reynolds Tobacco Co.; American Tobacco Co., Inc.; Brown & Williamson Tobacco Corp.; Liggett & Myers, Inc.; Lorillard Tobacco Co., Inc.; Philip Morris, Inc.; United States Tobacco Co.; B.A.T. Industries, P.L.C.; The Council For Tobacco Research--U.S.A., Inc.; and Tobacco Institute, Inc.  Source: L. 2000: Entire part added, p. 588, § 1, effective May 18. L. 2007: (2.5) added, p. 1998, § 3, effective June 1.