reglab/housing_qa huggingface dataset:
CO Code § 35-65-408 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 65 - Fairs|Part 4 - State Fair Authority|§ 35-65-408. Applicability of Other Laws

  Notwithstanding any law to the contrary:   Until March 1, 1998, the Colorado state fair authority shall not be subject to the provisions of part 14 of article 30 of title 24, C.R.S. On and after March 1, 1998, the Colorado state fair authority shall be subject to the provisions of part 14 of article 30 of title 24, C.R.S.; and    The Colorado state fair authority shall not be subject to the provisions of the “Procurement Code”, articles 101 to 112 of title 24, C.R.S.       (Deleted by amendment,L. 99, p. 293, § 2, effective April 14, 1999.)     History. Source: L. 97: Entire section added, p. 813, § 2, effective June 30. L. 98: Entire section amended, p. 9, § 1, effective February 27. L. 99: Entire section amended, p. 293, § 2, effective April 14.
CO Code § 35-75-101 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-101. Short Title

 This article shall be known and may be cited as the “Colorado Agricultural Development Authority Act”.   History. Source: L. 81: Entire article added, p. 1731, § 1, effective June 19.
CO Code § 35-75-102 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-102. Legislative Declaration

  The general assembly hereby finds and declares that:   The high cost and lack of available agricultural loans for farmers and other agricultural enterprises, with the resultant decrease in crop, livestock, and business productivity and resultant inability on the part of farmers and other agricultural enterprises to acquire modern agricultural equipment and processes, makes it difficult for farmers and other agricultural enterprises to maintain their present employment levels or to increase employment and lessens the supply of agricultural commodities available to fulfill the needs of the citizens of this state;    As a result of the continuing increase in the costs of maintaining operations, including costs of construction and rehabilitation, taxes, heating and electricity expenses, maintenance and repair expenses, and the cost of land, the state of Colorado suffers from structural economic weaknesses which contribute to a decline in capital investment, unemployment, and underemployment; and    The insufficiency of gainful employment in rural areas puts additional pressure on the state's welfare, public health, and crime prevention programs.       The general assembly further finds that:   Farm credit and agricultural loan financing is not currently available at interest rates which are consistent with the needs of farmers and other agricultural enterprises;    The problems set forth in this section cannot alone be remedied through the operation of private enterprise but can be alleviated through the creation of an agricultural development authority to encourage the investment of private capital in the agricultural sector through the use of public financing for the purpose of making loans available at interest rates lower than those available in the conventional farm credit markets. Creation of such an agricultural development authority to coordinate and cooperate with farmers and other agricultural enterprises is essential to alleviating these conditions.    Alleviating the conditions and problems set forth in this section by the encouragement of private investment through an agricultural development authority is a public purpose, and public money provided by the sale of revenue bonds may be borrowed, expended, advanced, loaned, and granted for such use. Such activities shall not be conducted for profit and are proper governmental functions best accomplished by the creation of an agricultural development authority vested with the powers and duties specified in this article.    This article is enacted to protect the health, safety, and welfare of the people of this state.       The agricultural development authority created by this article shall make financing available for farmers and other agricultural enterprises to serve those people which private industry is unable to serve.     History. Source: L. 81: Entire article added, p. 1731, § 1, effective June 19.
CO Code § 35-75-104 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-104. Colorado Agricultural Development Authority - Creation - Membership

  There is hereby created an independent public body politic and corporate to be known as the Colorado agricultural development authority. Said authority is constituted a public instrumentality, and its exercise of the powers conferred by this article shall be deemed and held to be the performance of an essential public function. The authority shall be a body corporate and a political subdivision of the state and shall not be an agency of state government and shall not be subject to administrative direction by any department, commission, board, or agency of the state.      The governing body of the authority shall be a board of directors which shall consist of seven members, of which one shall be appointed by the governor, with the consent of the senate, three shall be appointed by the president of the senate, and three shall be appointed by the speaker of the house of representatives. Such members shall be residents of the state, shall have a knowledge of agricultural activity in the state, and shall represent the various agriculture operations and geographical regions of the state. No more than four of the appointed members shall be of the same political party. The members of the board first appointed shall serve for terms to be designated by the governor, expiring on June 30 of each year beginning in 1982 and ending in 1988. Persons holding office on June 15, 1987, are subject to the provisions of section 24-1-137, C.R.S. Thereafter, upon the expiration of the term of any member, his successor shall be appointed for a term of four years. Each member shall serve until his successor has been appointed and qualified. Any member shall be eligible for reappointment. The person making the original appointment shall fill any vacancy by appointment for the remainder of an unexpired term. The commissioner of agriculture shall be an ex officio, nonvoting member of the board.    Any appointed member of the board may be removed by the person making the appointment for misfeasance, malfeasance, willful neglect of duty, or other cause, after notice and a public hearing, unless such notice and hearing have been expressly waived in writing.         History. Source: L. 81: Entire article added, p. 1734, § 1, effective June 19. L. 87: (2)(a) amended, p. 913, § 29, effective June 15.    Cross references:   For the provisions that designate the Colorado agricultural development authority as a “special purpose authority” for the purposes of § 20 of article X of the Colorado constitution, see § 24-77-102 (15) .
CO Code § 35-75-106 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-106. Meetings of Board - Quorum - Expenses

  Four members of the board shall constitute a quorum for the purpose of conducting business and exercising its powers. Action may be taken by the board upon the affirmative vote of at least four of its members. No vacancy in the membership of the board shall impair the right of a quorum to exercise all the rights and perform all the duties of the board.    Each meeting of the board for any purpose whatsoever shall be open to the public. Notice of meetings shall be as provided in the bylaws of the authority. Resolutions need not be published or posted, but resolutions and all proceedings and other acts of the board shall be a public record.    Members of the board shall receive no compensation for services but shall be entitled to the necessary expenses, including traveling and lodging expenses, incurred in the discharge of their official duties. Any payments for compensation and expenses shall be paid from funds of the authority.     History. Source: L. 81: Entire article added, p. 1735, § 1, effective June 19.
CO Code § 35-75-108 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-108. Authority - Loans to or Made by Lenders

  The authority may:   Make, and undertake commitments to make, loans to lenders under terms and conditions requiring the proceeds thereof to be used by such lenders to make loans to finance agricultural enterprises. Loan commitments or actual loans shall be originated through and serviced by any bank, trust company, savings and loan association, mortgage banker, or other financial institution authorized to transact business in this state.    Invest in, purchase or make commitments to invest in or purchase, or take assignments or make commitments to take assignments of loans made by lenders for the construction, rehabilitation, or purchase of agricultural enterprises. No loan shall be eligible for investment in, purchase, or assignment by the authority if the loan was made more than six months prior to the date of investment, purchase, or assignment by the authority.       Prior to exercising any of the powers authorized in subsection (1) of this section, the authority shall require the lender to certify and agree that:   The loan is, or if the loan has not yet been made will at the time of making be, in all respects a prudent investment; and    Such lender will use the proceeds of the loan, investment, sale, or assignment within a reasonable period of time to make loans or purchase loans to finance agricultural enterprises; or, if such lender has made a commitment to make loans to finance agricultural enterprises on the basis of a commitment from the authority to purchase such loans, such lender will make and sell the loans to the authority within a reasonable period of time.       Prior to exercising any of the powers under subsection (1) of this section, the authority may, but is not obligated to:   Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;    Require any type of security that it deems reasonable and necessary; or    Authorize the reservation of funds by lenders in such amount and subject to such conditions as the authority considers reasonable and necessary.        History. Source: L. 81: Entire article added, p. 1737, § 1, effective June 19.
CO Code § 35-75-109 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-109. Authority - Rules and Regulations

  Prior to exercising its authority under section 35-75-108 (1), the authority shall promulgate rules and regulations governing its activities authorized under this article, including, but not limited to:   Procedures for the submission of requests or invitations and proposals for making loans to lenders and procedures for the investment in, purchase, assignment, and sale of loans;    Procedures for reinvestment by lenders of the proceeds, or an equivalent amount, from any loan to lenders and procedures for the investment in or purchase by the authority of loans or the assignment or sale to the authority of loans to finance agricultural enterprises;    The number of agricultural projects, location of the projects, and other characteristics of agricultural enterprises to be financed directly or indirectly by the authority pursuant to section 35-75-108 (1), including, to the extent reasonably possible, assurance that the agricultural enterprises to be financed by an issue of bonds or series of issues will improve employment conditions or otherwise enhance the welfare of persons in the agricultural sector;    Rates, fees, charges, and other terms and conditions of originating or servicing loans in order to protect against an excessive financial return or benefit by the originator or servicer;    The type and amount of collateral or security to be provided to assure repayment of loans made by the authority;    The type of collateral, payment bonds, performance bonds, or other security to be provided for any loans made by a lender for construction loans;    The nature and amount of fees to be charged by the authority to provide for expenses and reserves of the authority;    Standards and requirements for the allocation of available money among lenders and the determination of the maturities, terms, conditions, and interest rates for loans made, purchased, sold, assigned, or committed pursuant to this article;    Commitment requirements for agricultural financing by lenders involving money provided directly or indirectly by the authority; or    Any other matters related to the duties or exercise of the authority's powers or duties under this article.        History. Source: L. 81: Entire article added, p. 1738, § 1, effective June 19.
CO Code § 35-75-110 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-110. Notes

  The authority may issue from time to time its negotiable notes for any corporate purpose and may renew from time to time any notes by the issuance of new notes, whether the notes to be renewed have or have not matured. The authority may issue notes partly to renew notes or to discharge other obligations then outstanding and partly for any other purpose. The notes may be authorized, sold, executed, and delivered in the same manner as bonds.    Any resolution authorizing notes of the authority or any issue of such notes may contain any provisions which the authority is authorized to include in any resolution authorizing bonds of the authority or any issue of bonds, and the authority may include in any notes any terms, covenants, or conditions which it is authorized to include in any bonds.    All such notes shall be payable from the proceeds of bonds or renewal notes or from the revenues of the authority or other moneys available for such payment and not otherwise pledged, subject only to any contractual rights of the holders of any of its notes or other obligations outstanding at the time of issuance of such notes.     History. Source: L. 81: Entire article added, p. 1738, § 1, effective June 19.
CO Code § 35-75-112 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-112. Negotiability of Bonds

 All bonds and the interest coupons applicable to such bonds are hereby declared and shall be construed to be negotiable instruments.   History. Source: L. 81: Entire article added, p. 1741, § 1, effective June 19.
CO Code § 35-75-114 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-114. Personal Liability

 Neither the members of the board, employees of the authority, nor any person executing the bonds or notes shall be liable personally on bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof.   History. Source: L. 81: Entire article added, p. 1742, § 1, effective June 19.
CO Code § 35-75-115 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-115. Purchase

 The authority may purchase its bonds or notes out of any available funds. The authority may hold, pledge, cancel, or resell such bonds or notes, subject to and in accordance with agreements with bondholders or noteholders.   History. Source: L. 81: Entire article added, p. 1742, § 1, effective June 19.
CO Code § 35-75-116 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-116. Payment of Bonds - Nonliability of State

  Bonds and notes issued by the authority shall not constitute or become an indebtedness, a debt, or a liability of the state, nor shall the state be liable on such bonds and notes, nor shall such bonds or notes constitute the giving, pledging, or loaning of the full faith and credit of the state, but such bonds and notes shall be payable solely from the funds provided for in this article. The issuance of bonds or notes under the provisions of this article shall not obligate the state or empower the authority, directly, indirectly, or contingently, to levy or collect any form of taxes or assessments, to create any indebtedness payable out of taxes or assessments, or to make any appropriation for their payment, and such appropriation, levy, or collection is prohibited.    Nothing in this section shall prevent or be construed to prevent the authority from pledging its full faith and credit to the payment of bonds or notes authorized pursuant to this article, but nothing in this article shall be construed to authorize the authority to create a debt of the state within the meaning of the constitution or statutes of Colorado; and all bonds issued by the authority pursuant to the provisions of this article are payable and shall state that they are payable solely from the funds pledged for their payment in accordance with the resolution authorizing their issuance or with any trust indenture executed as security for such bonds and are not a debt or liability of the state of Colorado.    The state shall not be liable in any event for the payment of the principal of or interest on any bonds of the authority or for the performance of any pledge, obligation, or agreement of any kind whatsoever which may be undertaken by the authority. No breach of any such pledge, obligation, or agreement shall impose any pecuniary liability upon the state or any charge upon its general credit or against its taxing power.     History. Source: L. 81: Entire article added, p. 1742, § 1, effective June 19.
CO Code § 35-75-117 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-117. Exemption From Taxation - Securities Law

 The income or other revenues of the authority, all properties at any time owned by the authority, any bonds, notes, or other obligations issued pursuant to this article, the transfer of and the income, including any profit made on sale, from any such bonds, notes, or other obligations, and all trust indentures and other documents issued in connection with such bonds, notes, or other obligations shall be exempt at all times from all taxation and assessments in the state of Colorado. Bonds issued by the authority shall also be exempt from the provisions of article 51 of title 11, C.R.S.   History. Source: L. 81: Entire article added, p. 1743, § 1, effective June 19.
CO Code § 35-75-118 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-118. Fees

 All expenses of the authority incurred in carrying out the provisions of this article shall be payable solely from funds provided under the authority of this article, and no liability shall be incurred by the authority beyond the moneys which are provided pursuant to this article. For the purposes of meeting the necessary expenses of initial organization and operation until such date as the authority derives moneys from funds provided pursuant to this article, the authority may borrow such moneys as may be required for the necessary expenses of organization and operation. Such borrowed moneys shall be repaid within a reasonable time after the authority receives funds provided pursuant to this article.   History. Source: L. 81: Entire article added, p. 1743, § 1, effective June 19.
CO Code § 35-75-119 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-119. Investment Powers of Authority

 The authority has the power to invest any funds held in reserve, sinking funds, capital reserve funds, or any funds not required for immediate disbursement in property or in securities in which the state treasurer may legally invest funds subject to his control; and to sell from time to time such securities thus purchased and held; and to deposit any securities in any trust bank within or without the state. In addition, the authority has the power to invest any such funds in unsecured promissory notes of a national bank having the highest investment ratings. Any funds deposited in a banking institution shall be secured in such manner and subject to such terms and conditions as the board may determine, with or without payment of any interest on such deposit, including, without limitation, time deposits evidenced by certificates of deposit. Any commercial bank incorporated under the laws of this state which may act as a depository of any funds of the authority may issue indemnifying bonds or may pledge such securities as may be required by the board.   History. Source: L. 81: Entire article added, p. 1743, § 1, effective June 19.
CO Code § 35-75-120 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-120. Proceeds as Trust Funds

 All moneys received pursuant to this article, whether as proceeds from the sale of bonds, notes, or other obligations or as revenues or receipts, shall be deemed to be trust funds to be held and applied solely as provided in this article. Any officer, bank, or trust company with which such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes of this article, subject to such regulations as the authority and the resolution authorizing the bonds, notes, or other obligations of any issue or the trust agreement securing such obligations provides.   History. Source: L. 81: Entire article added, p. 1743, § 1, effective June 19.
CO Code § 35-75-121 (2021)
2021 Colorado Code|Title 35 - Agriculture|Article 75 - Colorado Agricultural Development Authority Act|Part 1 - General|§ 35-75-121. Agreement of the State Not to Limit or Alter Rights of Obligees

 The state hereby pledges to and agrees with the holders of any bonds, notes, or other obligations issued under this article and with those parties who may enter into contracts with the authority pursuant to the provisions of this article that the state will not limit, alter, restrict, or impair the rights vested in the authority to fulfill the terms of any agreements made with the holders of bonds, notes, or other obligations authorized and issued pursuant to this article and with the parties who may enter into contracts with the authority pursuant to this article. The state further agrees that it will not in any way impair the rights or remedies of the holders of such bonds, notes, or other obligations of such parties until such bonds, notes, and other obligations, together with interest thereon, with interest on any unpaid installment of interest and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged and such contracts are fully performed on the part of the authority. Nothing in this article precludes such limitation or alteration if and when adequate provision is made by law for the protection of the holders of such bonds, notes, or other obligations of the authority or those entering into such contracts with the authority. The authority may include this pledge and undertaking for the state in such bonds, notes, or other obligations and in such contracts.   History. Source: L. 81: Entire article added, p. 1743, § 1, effective June 19.