reglab/housing_qa huggingface dataset:
CO Code § 32-11-550 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-550. Rejection of Bids

  If a bid is accepted, the deposits of all other bidders shall be thereupon returned. If all bids are rejected, all deposits shall be returned forthwith.    If the successful bidder fails or neglects to complete the purchase of the securities within thirty days following the acceptance of his bid, or within ten days after the bonds are made ready and are tendered by the district for delivery, whichever is later, the amount of his deposit shall be forfeited to the district (but no bidder shall forfeit such deposit whenever the securities are not ready and so tendered for delivery within sixty days from the date of the acceptance of his bid), and the board may accept the bid of the person making the next best bid.    If all bids are rejected, the board may readvertise the securities for sale in the same manner as provided for the original advertisement or may sell the securities privately.     History. Source: L. 69: P. 776, § 92. C.R.S. 1963: § 89-21-92. History. Source: L. 69: P. 776, § 92. C.R.S. 1963: § 89-21-92.
CO Code § 32-11-551 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-551. Bond Maturities

  General obligation bonds shall mature within not exceeding forty years from their date or respective dates and commencing not later than the third year thereafter, in such manner as the board may determine.    Special obligation bonds (other than assessment bonds) shall mature within not exceeding fifty years from their date or respective dates.     History. Source: L. 69: P. 776, § 93. C.R.S. 1963: § 89-21-93. History. Source: L. 69: P. 776, § 93. C.R.S. 1963: § 89-21-93.
CO Code § 32-11-552 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-552. Prior Redemption Provisions

 The board may provide for the redemption prior to maturity at the option of the district of any or all of the bonds or other district securities designated in section 32-11-501 (2) , in such order, by lot or otherwise, at such time, with or without the payment of such premiums not exceeding seven percent of the principal amount of each bond or other security so redeemed, and otherwise upon such terms as may be provided by the board in the resolution authorizing the issuance of the securities or other instrument pertaining thereto.   History. Source: L. 69: P. 777, § 94. C.R.S. 1963: § 89-21-94. History. Source: L. 69: P. 777, § 94. C.R.S. 1963: § 89-21-94.
CO Code § 32-11-553 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-553. Special Funds and Accounts

 The board, in any resolution authorizing the issuance of bonds or other securities designated in section 32-11-501 (2) or in any instrument or other proceedings pertaining thereto, may create special funds and accounts for the payment of the cost of a project, of operation and maintenance expenses, of the securities, including the accumulation and maintenance of reserves therefor, of improvements, including the accumulation and maintenance of reserves therefor, and of other obligations pertaining to the securities, any project, or the facilities.   History. Source: L. 69: P. 777, § 95. C.R.S. 1963: § 89-21-95. History. Source: L. 69: P. 777, § 95. C.R.S. 1963: § 89-21-95.
CO Code § 32-11-555 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-555. Liens on Pledged Revenues

  Revenues pledged for the payment of any securities, as received by or otherwise credited to the district, shall immediately be subject to the lien of each such pledge without any physical delivery thereof, any filing, or further act.    The lien of each such pledge and the obligation to perform the contractual provisions made in the authorizing resolution or other instrument pertaining thereto has priority over any other obligations and liabilities of the district, except as may be otherwise provided in this article or in the resolution or other instrument, and subject to any prior pledges and liens theretofore created.    The lien of each such pledge shall be valid and binding as against all persons having claims of any kind in tort, contract, or otherwise against the district irrespective of whether such persons have notice thereof.     History. Source: L. 69: P. 779, § 97. C.R.S. 1963: § 89-21-97. History. Source: L. 69: P. 779, § 97. C.R.S. 1963: § 89-21-97.
CO Code § 32-11-556 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-556. Rights and Powers of Securities Holders

  Subject to any contractual limitations binding upon the holders of any issue or series of district securities, or trustee therefor, including but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage, or number of such holders, and subject to any prior or superior rights of others, any holder of securities, or trustee therefor, shall have the right and power, for the equal benefit and protection of all holders of securities similarly situated:   By mandamus or other suit, action, or proceeding at law or in equity to enforce his rights against the district, the board, and any other of the officers, agents, and employees of the district, to require and compel the district, the board, or any such officers, agents, or employees to perform and carry out their respective duties, obligations, or other commitments under this article and under their respective covenants and agreements with the holder of any security;    By action or suit in equity to require the district to account as if it is the trustee of an express trust;    By action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any facilities and any pledged revenues for the payment of the securities, prescribe sufficient fees derived from the facilities, and collect, receive, and apply all pledged revenues or other moneys pledged for the payment of the securities in the same manner as the district itself might do in accordance with the obligations of the district; and    By action or suit in equity to enjoin any acts or things which may be unlawful or in violation of the rights of the holder of any securities and to bring suit thereupon.        History. Source: L. 69: P. 779, § 98. C.R.S. 1963: § 89-21-98. History. Source: L. 69: P. 779, § 98. C.R.S. 1963: § 89-21-98.
CO Code § 32-11-557 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-557. Receivers

  If a resolution of the board authorizing or providing for the issuance of any securities of any series or any other proceedings pertaining thereto contains a provision authorized by section 32-11-554 (1)(s) and further provides in substance that any trustee appointed pursuant to section 32-11-554 (1)(p) shall have the powers provided therein, then such trustee, whether or not all of the bonds or other securities of such series have been declared due and payable, shall be entitled as of right to the appointment of a receiver of the facilities pertaining thereto.    Any receiver appointed as permitted by section 32-11-554 (1)(s) may enter upon and take possession of the facilities and any property pertaining thereto, and, subject to any pledge or contract with the holders of such securities, shall take possession of all moneys and other property derived from or applicable to the acquisition, operation, maintenance, or improvement of the facilities and proceed with such acquisition, operation, maintenance, or improvement which the board on the behalf of the district is under any obligation to do, and shall operate, maintain, equip, and improve the facilities, and fix, charge, collect, enforce, and receive the service charges and all revenues thereafter arising subject to any pledge thereof or contract with the holders of such securities relating thereto and perform the public duties and carry out the contracts and obligations of the district in the same manner as the board itself might do and under the direction of the court.     History. Source: L. 69: P. 780, § 99. C.R.S. 1963: § 89-21-99. History. Source: L. 69: P. 780, § 99. C.R.S. 1963: § 89-21-99.
CO Code § 32-11-558 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-558. Issuance of Interim Debentures

  Notwithstanding any limitation or other provision in this article, whenever the issuance of general obligation bonds by a district for any project has been approved at an election held in accordance with this article, the district is authorized to borrow money without any other election in anticipation of the receipt of the proceeds of taxes, the proceeds of the bonds, the proceeds of pledged revenues, or any other moneys of the district, or any combination thereof, and to issue general obligation interim debentures to evidence the amount so borrowed.    The district also is authorized to borrow money without any election in anticipation of the proceeds of revenue bonds of the district and of its pledged revenues, or any combination thereof, but excluding the proceeds of any taxes, and to issue special obligation interim debentures to evidence the amount so borrowed.     History. Source: L. 69: P. 780, § 100. C.R.S. 1963: § 89-21-100. L. 70: P. 301, § 126. History. Source: L. 69: P. 780, § 100. C.R.S. 1963: § 89-21-100. L. 70: P. 301, § 126.
CO Code § 32-11-559 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-559. Limitations Upon Funding and Refunding Securities

  Subject to the provisions of subsections (2) to (4) of this section, nothing in this article authorizes the district to issue any district securities constituting a debt for the purpose of funding or refunding district securities constituting special obligations and not constituting an indebtedness.    Any special obligation securities of the district pertaining to any project may be funded or refunded by general obligation securities pertaining to the project only if the district is authorized to issue general obligation bonds pertaining to the project at an election held in the manner provided in section 32-11-533.    No general obligation securities pertaining to the project and creating an indebtedness, by funding or refunding special obligation securities or otherwise (in contradistinction to funding or refunding securities merely reevidencing an indebtedness formerly evidenced by the securities funded or refunded), shall be issued in a principal amount exceeding the debt limitation in section 32-11-534.    No bonds of the district shall be refunded by the issuance of its interim debentures, its notes, or its warrants. No interim debentures of the district shall be funded by the issuance of its notes or its warrants.     History. Source: L. 69: P. 780, § 101. C.R.S. 1963: § 89-21-101. L. 70: P. 302, § 127. History. Source: L. 69: P. 780, § 101. C.R.S. 1963: § 89-21-101. L. 70: P. 302, § 127.
CO Code § 32-11-560 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-560. Interim Debenture Details

  Any interim debentures may mature at such time not exceeding a period of time equal to the estimated time needed to effect the purpose for which they are issued or for which the bonds are authorized to be issued, but not exceeding three years from the date or respective dates of the interim debentures, as the board may determine.    The proceeds of interim debentures shall be used to defray the cost of the project.    Any notes or warrants or both may be funded with the proceeds of interim debentures, as well as bonds.    Except as otherwise provided in sections 32-11-558 to 32-11-563, interim debentures shall be issued as provided in this article for district securities in sections 32-11-502 to 32-11-557 and 32-11-803 to 32-11-808.     History. Source: L. 69: P. 781, § 102. C.R.S. 1963: § 89-21-102. History. Source: L. 69: P. 781, § 102. C.R.S. 1963: § 89-21-102.
CO Code § 32-11-561 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-561. Payment of Interim Debentures

  Except as otherwise provided in section 32-11-559, the proceeds of taxes, pledged revenues, and other moneys, including without limitation proceeds of bonds to be issued or reissued after the issuance of interim debentures, and bonds issued for the purpose of securing the payment of interim debentures, or any combination thereof, may be pledged for the purpose of securing the payment of interim debentures. But the proceeds of taxes and the proceeds of bonds payable from taxes, or any combination thereof, shall not be used to pay any special obligation interim debentures, nor may their payment be secured by a pledge of any such general obligation bonds, except as otherwise provided in section 32-11-559.    Any bonds pledged as collateral security for the payment of any interim debentures shall mature at such time as the board may determine, except as otherwise provided in section 32-11-551.    No bonds pledged as collateral security shall be issued in an aggregate principal amount exceeding the aggregate principal amount of the interim debentures secured by a pledge of such bonds, nor shall they bear interest at any time which, with any interest accruing at the same time on the interim debentures so secured, exceeds seven percent each year.     History. Source: L. 69: P. 781, § 103. C.R.S. 1963: § 89-21-103. History. Source: L. 69: P. 781, § 103. C.R.S. 1963: § 89-21-103.
CO Code § 32-11-562 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-562. Funding Interim Debentures

 No interim debentures issued pursuant to the provisions of sections 32-11-558 to 32-11-561 shall be extended or funded except by the issuance or reissuance of bonds in compliance with section 32-11-563 .   History. Source: L. 69: P. 782, § 104. C.R.S. 1963: § 89-21-104. History. Source: L. 69: P. 782, § 104. C.R.S. 1963: § 89-21-104.
CO Code § 32-11-563 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-563. Funding Bonds

  For the purpose of funding any interim debentures, any bonds pledged as collateral security to secure the payment of such interim debentures, upon their surrender as pledged property, may be reissued without an election, and any bonds not previously issued but authorized to be issued at an election pursuant to section 32-11-533 for a purpose the same as or encompassing the purpose for which the interim debentures were issued, may be issued for such a funding.    Any such bonds shall mature at such time as the board may determine, except as otherwise provided in section 32-11-551.    Bonds for funding (including but not necessarily limited to any such reissued bonds) and bonds for any other purpose may be issued separately or issued in combination in one series or more.    Except as otherwise provided in sections 32-11-559 to 32-11-563, any such funding bonds shall be issued as is provided in this article for other bonds.     History. Source: L. 69: P. 782, § 105. C.R.S. 1963: § 89-21-105. History. Source: L. 69: P. 782, § 105. C.R.S. 1963: § 89-21-105.
CO Code § 32-11-564 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-564. Refunding Bonds

  Subject to the provisions of section 32-11-559, any general obligation bonds or special obligation bonds of the district issued in accordance with the provisions of this article or any other law, and payable from any pledged revenues and any general obligation bonds of the district so issued but not payable from pledged revenues may be refunded on behalf of the district by the board, by the adoption of a resolution by the board, and by any trust indenture or other proceedings pertaining thereto, authorizing without any election the issuance of refunding bonds to refund, pay, and discharge all or any part of such outstanding bonds of any one or more or all outstanding issues:   For the acceleration, deceleration, or other modification of the payment of such obligations, including without limitation any capitalization of any interest thereon in arrears or about to become due for any period not exceeding three years from the date of the refunding bonds, unless the capitalization of interest on bonds constituting an indebtedness increases the district debt in excess of the district's debt limitation in section 32-11-534; or    For the purpose of reducing interest costs or effecting other economies; or    For the purpose of modifying or eliminating restrictive contractual limitations pertaining to the issuance of additional bonds, otherwise concerning the outstanding bonds, or to any facilities pertaining thereto; or    For any combination of such purposes.        History. Source: L. 69: P. 782, § 106. C.R.S. 1963: § 89-21-106. History. Source: L. 69: P. 782, § 106. C.R.S. 1963: § 89-21-106.
CO Code § 32-11-565 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-565. Method of Issuing Refunding Bonds

  Subject to the provisions of sections 32-11-525 and 32-11-526, any such bonds issued for refunding purposes may either be delivered in exchange for the outstanding bonds being refunded or may be publicly or privately sold.    The refunding bonds, or any part thereof, except as limited by section (2), may be exchanged by the district for securities meeting the investment requirements established in part 6 of article 75 of title 24, C.R.S., which have been made available for escrow investment by any purchaser of refunding bonds, upon terms of exchange mutually agreed upon, and any such securities so received by the district shall be placed in escrow as provided in sections 32-11-567 and 32-11-568.     History. Source: L. 69: P. 782, § 107. C.R.S. 1963: § 89-21-107. L. 89: (2) amended, p. 1122, § 47, effective July 1. History. Source: L. 69: P. 782, § 107. C.R.S. 1963: § 89-21-107. L. 89: (2) amended, p. 1122, § 47, effective July 1.
CO Code § 32-11-566 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-566. Conditions for Refunding

  No such bonds may be refunded under this article unless they have been outstanding for at least one year from the date or respective dates of their delivery, and unless the holders thereof voluntarily surrender them for exchange or payment, or unless they either mature or are callable for prior redemption under their terms within ten years from the date of issuance of the refunding bonds. Provision shall be made for paying the securities within such period of time.    No maturity of any bond refunded may be extended over fifteen years, or beyond one year next following the date of the last outstanding maturity, whichever limitation is later. The rate of interest on such refunding bonds shall be determined by the board.    The principal amount of the refunding bonds may exceed the principal amount of the refunded bonds if the aggregate principal and interest costs of the refunding bonds do not exceed such unaccrued costs of the bonds refunded, except to the extent any interest on the bonds refunded in arrears or about to become due is capitalized with the proceeds of the refunding bonds. Principal may also then be increased to that extent. In no event, however, in the case of any bonds constituting a debt, shall the principal of the bonds be increased to any amount in excess of the debt limitation in section 32-11-534.    The principal amount of the refunding bonds may also be less than or the same as the principal amount of the bonds being refunded so long as provision is duly and sufficiently made for their payment.     History. Source: L. 69: P. 783, § 108. C.R.S. 1963: § 89-21-108. L. 70: P. 302, § 128. History. Source: L. 69: P. 783, § 108. C.R.S. 1963: § 89-21-108. L. 70: P. 302, § 128.
CO Code § 32-11-567 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-567. Disposition of Refunding Bond Proceeds

  Except as otherwise provided in this article, the proceeds of such refunding bonds shall either be immediately applied to the retirement of the bonds to be refunded, or be placed in escrow or trust in any trust bank within or without or both within and without this state to be applied to the payment of the refunded bonds or the refunding bonds, or both, upon their presentation therefor to the extent, in such priority, and otherwise in the manner which the board may determine.    The incidental costs of refunding bonds may be paid by the purchaser of the refunding bonds or be defrayed from any general fund (subject to appropriations therefor as otherwise provided by law) or other available revenues of the district under the control of the board or from the proceeds of the refunding bonds, or from the interest or other yield derived from the investment of any refunding bond proceeds or other moneys in escrow or trust, or from any other sources legally available therefor, or any combination thereof, as the board may determine.    Any accrued interest and any premium pertaining to a sale of refunding bonds may be applied to the payment of the interest thereon or the principal thereof, or to both interest and principal, or may be deposited in a reserve therefor, or may be used to refund bonds by deposit in escrow, trust, or otherwise, or may be used to defray any incidental costs pertaining to the refunding, or any combination thereof, as the board may determine.     History. Source: L. 69: P. 783, § 109. C.R.S. 1963: § 89-21-109. History. Source: L. 69: P. 783, § 109. C.R.S. 1963: § 89-21-109.