reglab/housing_qa huggingface dataset:
CO Code § 32-7-123 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-123. Effect - Subsequent Elections

 If any proposition authorized by section 32-7-122 is approved by the eligible electors, the service authority shall thereupon be authorized to incur the indebtedness or obligations, enter into contracts, or issue and sell bonds of the service authority, as the case may be, all for the purposes and objects provided for in the proposition submitted under this section, in the amount so provided, and at a price and at a rate of interest such that the maximum net effective interest rate recited in the resolution is not exceeded. Submission of the proposition of incurring the obligation or bonded or other indebtedness at an election shall not prevent or prohibit submission of the same or other propositions at subsequent elections called for any legal purpose, but no new election creating an indebtedness may be held within one hundred twenty days after the date of the election at which a proposal was defeated. No more than two elections may be held within any twelve-month period.   History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-23. L. 92: Entire section amended, p. 902, § 149, effective January 1, 1993. History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-23. L. 92: Entire section amended, p. 902, § 149, effective January 1, 1993.
CO Code § 32-7-124 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-124. Correction of Faulty Notices

 In any case where a notice is provided for in this article, if the court or the board reviewing the proceedings finds for any reason that due notice was not given, said body shall not thereby lose jurisdiction, and the proceedings in question shall not thereby be void or be abated, but said body shall order due notice to be given, shall continue the proceeding until such time as notice is properly given, and thereupon shall proceed as though notice had been properly given in the first instance.   History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-24. History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-24.
CO Code § 32-7-125 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-125. Refunding Bonds

 Any general obligation bonds issued by any service authority may be refunded without an election by the service authority issuing them, or by any successor thereof, in the name of the service authority which issued the bonds being refunded, but subject to provisions concerning their payment and to any other contractual limitations in the proceedings authorizing their issuance or otherwise appertaining thereto, by the issuance of bonds to refund, pay, and discharge all or any part of such outstanding bonds, including any interest on said bonds in arrears or about to become due, and for the purpose of avoiding or terminating any default in the payment of interest on and principal of said bonds, reducing interest costs or effecting other economies, or modifying or eliminating restrictive contractual limitations appertaining to the issuance of additional bonds or to any system appertaining thereto or for any combination of the foregoing purposes. Refunding bonds may be delivered in exchange for the outstanding bonds refunded or may be sold as provided in this article for an original issue of bonds.   History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-25. History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-25.
CO Code § 32-7-126 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-126. Limitations Upon Issuance

 No general obligation or revenue bonds may be refunded 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 bonds refunded within said period of time. No maturity of any bond refunded may be extended over fifteen years. The interest rate 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 refunding bonds. 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 the payment of the refunded bonds.   History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-26. History. Source: L. 72: P. 470, § 1. C.R.S. 1963: § 89-25-26.
CO Code § 32-7-127 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-127. Use of Proceeds of Refunding Bonds

 The proceeds of refunding general obligation or revenue bonds shall either be immediately applied to the retirement of the bonds being refunded or be placed in escrow in any state or national bank within the state which is a member of the federal deposit insurance corporation to be applied to the payment of the bonds being refunded upon their presentation therefor; but, to the extent any incidental expenses have been capitalized, such refunding bond proceeds may be used to defray such expenses, and any accrued interest and any premium appertaining to a sale of refunding bonds may be applied to the payment of the interest thereon and the principal thereof, or both interest and principal, or may be deposited in a reserve therefor, as the board may determine. Any such escrow shall not necessarily be limited to proceeds of refunding bonds but may include other moneys available for the escrow's purpose. Any moneys in escrow, pending such use, may be invested or reinvested in securities meeting the investment requirements established in part 6 of article 75 of title 24, C.R.S. Such moneys and investments in escrow, together with any interest to be derived from any such investment, shall be in an amount at all times sufficient as to principal, interest, any prior redemption premium due, and any charges of the escrow agent payable therefrom to pay the bonds being refunded as they become due at their respective maturities or due at any designated prior redemption date or dates in connection with which the board shall exercise a prior redemption option. Any purchaser of any refunding bond issued under sections 32-7-125 and 32-7-126 and this section shall in no manner be responsible for the application of the proceeds thereof by the service authority or any of its officers, agents, or employees.   History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-27. L. 89: Entire section amended, p. 1119, § 39, effective July 1. History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-27. L. 89: Entire section amended, p. 1119, § 39, effective July 1.
CO Code § 32-7-128 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-128. Combination of Refunding and Other Bonds

 General obligation bonds for refunding and general obligation bonds for any purpose authorized in this article may be issued separately or issued in combination in one series or more by any service authority. Revenue bonds for refunding and revenue bonds for any purpose authorized in this article may be issued separately or issued in combination in one series or more by any service authority.   History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-28. History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-28.
CO Code § 32-7-129 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-129. Board's Determination Final

 The determination of the board that the limitations under sections 32-7-125 to 32-7-128 imposed upon the issuance of refunding bonds have been met shall be conclusive in the absence of fraud or unless it can be shown that the board acted in an arbitrary or capricious manner.   History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-29. History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-29.
CO Code § 32-7-130 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-130. Anticipation Warrants

 The board may defray any costs of the service authority by the issuance of notes or warrants to evidence the amount due therefor, in anticipation of taxes or revenues or both. Interest on such notes or warrants shall be governed by the provisions of section 5-12-104 , C.R.S. Notes and warrants may mature at such time not exceeding one year from their date of issuance as the board may determine. If such notes or warrants are not paid during the fiscal year in which they are issued, the board shall, at the end of its fiscal year, budget the amount necessary to pay in full the amount of notes and warrants outstanding and due during the next fiscal year.   History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-30. History. Source: L. 72: P. 471, § 1. C.R.S. 1963: § 89-25-30.
CO Code § 32-7-132 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-132. Special Taxing Districts Authorized

  In accordance with the provisions of section 18 of article XIV of the state constitution, the board of a service authority may establish special taxing districts within the service authority to facilitate the furnishing of services and the collection of ad valorem taxes and charges for such services.    Such special taxing districts shall be utilized when a service or level of service which a service authority is authorized to provide is to be provided in substantially less than the entire area included within the service authority, and where resulting ad valorem taxes or charges may vary from those imposed in other areas within the service authority.    As long as the service is available to the included territory, a special taxing district may include any territory within a service authority. The included territory need not be contiguous, and the same territory may lie within more than one special taxing district.    In the management of a special taxing district, the board of the service authority shall have all powers granted to the board by this article.     History. Source: L. 72: P. 473, § 1. C.R.S. 1963: § 89-25-32. History. Source: L. 72: P. 473, § 1. C.R.S. 1963: § 89-25-32.
CO Code § 32-7-133 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-133. Formation of Special Taxing Districts

  Special taxing districts may be established pursuant to the provisions of this section.    The board may by resolution propose the formation of the district, which resolution shall designate the proposed boundaries thereof, specify the proposed service, and set forth the methods of financing proposed for the district.    The board shall present the proposal for public hearing to be held within sixty days after introduction of the resolution with notice to be published not less than fifteen days before the date set for hearing.    At the hearing any eligible elector within the service authority may be heard on the proposal, including questions of inclusion in or exclusion from the district, and all objections shall be determined by the board on the basis of the public interest, taking into consideration the needs of the service authority and the availability of the service to the territory which is the subject of any objection.    The board may continue the hearing as necessary and may, after the conclusion thereof, enact the proposed resolution, with or without amendments, or may reject the proposed resolution.    Decisions of the board concerning the formation of a special taxing district are not subject to review unless action is instituted by a registered elector to review such proceedings within forty-five days after passage of the resolution, and any such review shall extend only to the question of whether the board exceeded its jurisdiction or abused its discretion. If the court so finds, it shall remand the matter to the board for further proceedings, consistent with such findings.    No restraining order or temporary injunction enjoining the formation, the inclusion or exclusion of territory, or the operation of the special taxing district may be issued pending final judgment of the district court. Any such final judgment which has the effect of enjoining the formation, the inclusion or exclusion of territory, or the operation of a special taxing district shall automatically be stayed upon the filing of any appeal of such decision, and no application for supersedeas shall be necessary. Such stay shall continue in full force and effect pending final disposition of the proceedings.    Changes in the boundaries or major changes in services or financing of a special taxing district may be initiated by resolution of the board or by petition signed by five percent of the eligible electors of the district, and these proposals shall be considered in the same manner as provided in this section for proposals for the original formation of a district.     History. Source: L. 72: P. 474, § 1. C.R.S. 1963: § 89-25-33. L. 85: (4), (6), and (8) amended, p. 1355, § 33, effective April 30. L. 92: (2) to (4) and (8) amended, p. 904, § 151, effective January 1, 1993. History. Source: L. 72: P. 474, § 1. C.R.S. 1963: § 89-25-33. L. 85: (4), (6), and (8) amended, p. 1355, § 33, effective April 30. L. 92: (2) to (4) and (8) amended, p. 904, § 151, effective January 1, 1993.
CO Code § 32-7-134 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-134. Local Improvement Districts Authorized

  The board of a service authority may establish local improvement districts within the service authority to facilitate the financing and construction or improvement of facilities within a portion or portions of a service authority. Such local improvement districts shall be established whenever any area, in the opinion of the board, will be especially benefited by the construction, installation, or improvement of any facilities.    Such improvements shall be of a type to confer special benefits to real property within the boundaries of any such local improvement district and general benefits to the service authority at large or to a special taxing district within the service authority.    In the management of a local improvement district, the board of the service authority shall have all powers granted to the board by this article.     History. Source: L. 72: P. 474, § 1. C.R.S. 1963: § 89-25-34. History. Source: L. 72: P. 474, § 1. C.R.S. 1963: § 89-25-34.
CO Code § 32-7-137 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-137. Special Districts - Formation Within Service Authority Territory Forbidden

 Once a service authority is established in any given area, no new special districts may be organized pursuant to part 2 of article 20 of title 30, C.R.S., or article 1 or part 4 of article 4 of this title within the territory or any portion thereof of said service authority if the service authority is authorized to provide the same or essentially the same service or services as the special district would be authorized to perform.   History. Source: L. 72: P. 477, § 1. C.R.S. 1963: § 89-25-37. L. 81: Entire section amended, p. 1625, § 29, effective July 1. History. Source: L. 72: P. 477, § 1. C.R.S. 1963: § 89-25-37. L. 81: Entire section amended, p. 1625, § 29, effective July 1.
CO Code § 32-7-138 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-138. Transfer and Assumption of Services

  Unless another date is provided in this article or the proposition for assumption of a service by a service authority or agreed to by the board and any local governmental unit from which the service is to be transferred, those services being assumed and those rights, properties, and other assets and liabilities of said local governmental unit incident to the service transferred and assumed shall be transferred to and assumed by the service authority on the second January 1 after authorization of the transfer of said service.    Where a local governmental unit providing part or all of the service being transferred to and assumed by the service authority is located partly within and partly without the service authority, the board, after notice by publication and hearing, shall determine which of the rights, properties, and other assets and liabilities shall be transferred to and assumed by the service authority. The board's determination shall be based on a fair and equitable allocation of rights, properties, and other assets and liabilities. Adequate provision shall be made for payment of outstanding indebtedness as it becomes due, and no such transfer and assumption shall deprive residents of a local governmental unit of any existing services necessary for their health, welfare, and safety.    The plan of distribution provided for in subsection (2) of this section shall be final and conclusive against all persons unless an action is brought by the local governmental unit from which such rights, properties, and other assets and liabilities are to be transferred in the district court having jurisdiction over formation of the service authority within thirty days after adoption of said plan. All proceedings pursuant to this subsection (3) shall be advanced as a matter of immediate public interest and concern and heard at the earliest practical moment. No such plan shall be directly or collaterally questioned in any suit, action, or proceeding, except as expressly authorized in this subsection (3).    Where a service is to be provided by the service authority by contract with one or more other local governmental units, any transfer to and assumption by the service authority of any rights, properties, and other assets and liabilities shall be to the extent and as provided by contract between the board and the other local governmental unit or units.     History. Source: L. 72: P. 477, § 1. C.R.S. 1963: § 89-25-38. History. Source: L. 72: P. 477, § 1. C.R.S. 1963: § 89-25-38.
CO Code § 32-7-139 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-139. Payments for Facilities Acquired by Regional Service Authority - Valuation

  For any service authorized and approved under this article, the board of directors may acquire rights, properties, and other assets and liabilities of counties, municipalities, or special districts either through contract with the local governmental unit or upon resolution of the board, pursuant to section 32-1-701 (4), or upon the provision of any service on an exclusive basis as provided in section 32-7-112. Upon assuming the rights, title, and interest in any facility, the board shall become obligated to pay to the county, municipality, or special district, as the case may be, an amount, when due, equivalent to that necessary for the payment of all outstanding bonds and obligations of said jurisdictions for the acquisition, construction, and improvement of facilities acquired by the board.    Upon the acquisition of facilities as provided in subsection (1) of this section, the board shall provide an offset of charges to the local jurisdiction either in service fees or ad valorem taxes in an amount equivalent to that which must be raised by the local governmental unit for the payment of outstanding obligations owed by such jurisdiction upon facilities acquired by the board.    When any service authority board assumes the ownership of any existing facilities of a local governmental unit, the local governmental unit which paid part or all of the cost of such facilities, directly or by contract with another entity, may be entitled to receive a credit against any service charges or ad valorem taxes which may be apportioned or charged to the residents of such local governmental unit. Said credit may be spread over a period not exceeding thirty years. An additional credit equal to interest on the unused credit balance may be paid annually at a rate not exceeding four percent per annum. The amount of such credit shall not exceed the current value of the facilities. The board shall negotiate with the local governmental units in determining the value of any facility and the amount of credit to be granted, but the determination of the board shall be final subject to court review.    In the event a local governmental unit believes that the board has been arbitrary or capricious in providing or not providing for a credit as permitted in this section, the governing board of such jurisdiction may commence an action in the district court. The court may dismiss the action or recommit the controversy to the board for further negotiation, if it determines that the action of the board was arbitrary or capricious.     History. Source: L. 72: P. 478, § 1. C.R.S. 1963: § 89-25-39. L. 81: (1) amended, p. 1625, § 30, effective July 1. History. Source: L. 72: P. 478, § 1. C.R.S. 1963: § 89-25-39. L. 81: (1) amended, p. 1625, § 30, effective July 1.
CO Code § 32-7-140 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 7 - Regional Service Authorities|§ 32-7-140. Public Transportation

 For the purpose of providing public surface transportation, a service authority shall have, insofar as consistent with this article, any additional special powers applicable to the provision of that specific service as provided by article 9 of this title. The mill levy limitation for ad valorem taxes imposed by said article 9 shall be applicable to the service of public surface transportation when such service is provided by a service authority. Any municipality may plan or operate a public surface transportation system, and any county or municipality may contract with a service authority for the planning or operation of such a system. In addition, any county may plan and operate such a system if such plan is made in coordination with, or is made by, a regional transportation district or a service authority.   History. Source: L. 72: P. 479, § 1. C.R.S. 1963: § 89-25-40. History. Source: L. 72: P. 479, § 1. C.R.S. 1963: § 89-25-40.