reglab/housing_qa huggingface dataset:
CO Code § 32-11-525 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-525. Prior Redemption Calls

  Nothing in this article or in any other law of this state shall be construed to permit the board to call, on behalf of the district, bonds or other securities outstanding any time after the adoption of this article for prior redemption in order to fund or refund such securities or in order otherwise to pay them prior to their stated maturities, unless the right to call such securities for prior redemption was specifically reserved and stated in such bonds at the time of their issuance, and all conditions with respect to the manner, price, and time applicable to such prior redemption, as set forth in the proceedings authorizing the outstanding securities, are strictly observed.    It is the intention of the general assembly in this section to make certain that the holder of no outstanding bond or other security may be compelled to surrender such security for funding or refunding or other payment prior to its stated maturity or optional date of prior redemption expressly reserved therein, even though such funding or refunding or other payment might result in financial benefit to the district.     History. Source: L. 69: P. 771, § 67. C.R.S. 1963: § 89-21-67. History. Source: L. 69: P. 771, § 67. C.R.S. 1963: § 89-21-67.
CO Code § 32-11-526 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-526. Surrender of District Securities by State

 Notwithstanding the provisions of section 32-11-525 or of any other law, this state, acting by and through the state agency authorizing the acquisition of district bonds or other district securities, may agree with the board to exchange any outstanding securities of the district held by the state or any agency, corporation, department, or other instrumentality of the state, for funding or refunding bonds or other funding securities of the district, or otherwise to surrender at such price and time and otherwise upon such conditions and other terms and in such manner as may be mutually agreeable, such outstanding securities to the state for funding or refunding or other payment at any time prior to their respective maturities or to any date as of which the district has the right and option to call on its behalf such outstanding securities for prior redemption as expressly provided in the outstanding securities and any resolution, trust indenture, or other proceedings authorizing their issuance.   History. Source: L. 69: P. 771, § 68. C.R.S. 1963: § 89-21-68. History. Source: L. 69: P. 771, § 68. C.R.S. 1963: § 89-21-68.
CO Code § 32-11-527 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-527. Notes and Warrants

  Notes and warrants designated in section 32-11-501 (2) may mature at such time, not exceeding one year from the date of their issuance, as the board may determine.    The notes and warrants shall not be extended or funded except by the issuance of bonds or interim debentures in compliance with sections 32-11-558 to 32-11-563 and other provisions in this article supplemental thereto.     History. Source: L. 69: P. 772, § 69. C.R.S. 1963: § 89-21-69. History. Source: L. 69: P. 772, § 69. C.R.S. 1963: § 89-21-69.
CO Code § 32-11-528 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-528. General Obligation Securities

  The district may issue as general obligations any of the following types of district securities, payable from taxes, or payable from taxes and additionally secured as to their payment by a pledge of net revenues or gross revenues, as the board may determine:   Notes;    Warrants;    Interim debentures;    Bonds; and    Temporary bonds.        History. Source: L. 69: P. 772, § 70. C.R.S. 1963: § 89-21-70. History. Source: L. 69: P. 772, § 70. C.R.S. 1963: § 89-21-70.
CO Code § 32-11-529 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-529. Special Obligation Securities

  The district may issue as special obligations any of the following types of district securities, in anticipation of net pledged revenues; but not under any circumstances under their terms and the proceedings authorizing their issuance, in anticipation of taxes nor in anticipation of gross pledged revenues:   Notes;    Warrants;    Interim debentures;    Bonds; and    Temporary bonds.       Such special obligation district securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues.     History. Source: L. 69: P. 772, § 71. C.R.S. 1963: § 89-21-71. History. Source: L. 69: P. 772, § 71. C.R.S. 1963: § 89-21-71.
CO Code § 32-11-530 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-530. Covenant to Pay Operation and Maintenance Expenses

 Any resolution authorizing the issuance of general obligation district securities payable from gross revenues or any indenture or other proceedings pertaining thereto may contain a covenant of the district that to the extent required, as provided therein, the district will pay operation and maintenance expenses by appropriation from its general fund and that to the extent the moneys accounted for therein are insufficient for that purpose the district shall levy taxes therefor, subject to the limitation pertaining to such expenses in section 32-11-217 (1)(d) .   History. Source: L. 69: P. 772, § 72. C.R.S. 1963: § 89-21-72. History. Source: L. 69: P. 772, § 72. C.R.S. 1963: § 89-21-72.
CO Code § 32-11-531 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-531. Securities Constituting Indebtedness

  Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the district and exhaust the debt-incurring power of the district under the debt limitation pertaining thereto in section 32-11-534.    Any general obligation notes and general obligation warrants shall be issued within budget limitations and unencumbered appropriations and shall not constitute indebtedness.     History. Source: L. 69: P. 772, § 73. C.R.S. 1963: § 89-21-73. History. Source: L. 69: P. 772, § 73. C.R.S. 1963: § 89-21-73.
CO Code § 32-11-532 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-532. Securities Not Constituting Indebtedness

 Any other district securities (except general obligation notes and general obligation warrants) constitute special obligations of the district, and all such other securities (including all notes and warrants, general obligations, or special obligations payable within one year from date) neither constitute outstanding indebtedness of the district nor exhaust its debt-incurring power under any such debt limitation.   History. Source: L. 69: P. 773, § 74. C.R.S. 1963: § 89-21-74. L. 84: Entire section amended, p. 847, § 2, effective July 1. History. Source: L. 69: P. 773, § 74. C.R.S. 1963: § 89-21-74. L. 84: Entire section amended, p. 847, § 2, effective July 1.
CO Code § 32-11-533 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-533. Election to Authorize Debt

 Subject to the provisions of sections 32-11-564 and 32-11-566 , no indebtedness shall be incurred by the issuance of district securities or by any contract by which the district agrees to repay as general obligations of the district to the federal government or to any public body over a term not limited to the then current fiscal year any project costs advanced thereby under any contract for the acquisition of the project or any interest therein, advanced by the issuance of securities of such a public body to defray any cost of the project or of facilities thereby acquired and becoming a part of the district's facilities, or otherwise advanced, unless a proposal of issuing the district's general obligation bonds, including the maximum net effective interest rate at which such issue of bonds may be issued, or of incurring an indebtedness by the district by making such a contract is submitted and approved at an election held for that purpose in accordance with part 4 of this article and with all laws amendatory thereof and supplemental thereto.   History. Source: L. 69: P. 773, § 75. C.R.S. 1963: § 89-21-75. L. 70: P. 301, § 124. History. Source: L. 69: P. 773, § 75. C.R.S. 1963: § 89-21-75. L. 70: P. 301, § 124.
CO Code § 32-11-534 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-534. Limitations Upon Incurring Debt

  The aggregate amount of indebtedness of the district evidenced by district securities and otherwise by contract with the federal government or any public body, or otherwise, shall not at any time exceed three percent of the valuation for assessment of the taxable property within the district as shown by the last preceding assessment for the purposes of taxation, except as otherwise provided in this article.    No debt within such debt limitation at the time it is incurred by the issuance of district securities or by otherwise obligating the district under contract shall become invalid because of any reduction subsequently of the district's debt-incurring power for any reason.    Nothing in this article authorizes the creation of an indebtedness by any public body located wholly or in part within the district or elsewhere.     History. Source: L. 69: P. 773, § 76. C.R.S. 1963: § 89-21-76. History. Source: L. 69: P. 773, § 76. C.R.S. 1963: § 89-21-76.
CO Code § 32-11-535 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-535. Interest and Prior Redemption Charges

 Interest on any district securities or on any moneys directly or indirectly advanced by the federal government or any public body and to be repaid by the district under any contract, and any prior redemption premiums due in connection with the prepayment of any such securities, and any other prepayment charges due from the district under any contract, do not constitute indebtedness under this article, except as otherwise provided in sections 32-11-564 (1)(a) and 32-11-566 (3) .   History. Source: L. 69: P. 773, § 77. C.R.S. 1963: § 89-21-77. History. Source: L. 69: P. 773, § 77. C.R.S. 1963: § 89-21-77.
CO Code § 32-11-536 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-536. Recitals in Securities

  The district securities issued under this article, designated in section 32-11-501 (2), and constituting special obligations shall recite in substance that the securities and the interest thereon are payable solely from the net revenues pledged to the payment thereof.    District securities issued under this article and constituting general obligations shall pledge the full faith and credit of the district for their payment, shall so state, and shall state that they are payable from taxes.    General obligation district securities, the payment of which is additionally secured by a pledge of revenues, shall recite in substance, in addition to the statements required by subsection (2) of this section, that the payment of the securities and the interest thereon is additionally secured by a pledge of the net revenues or the gross revenues, as the case may be, designated in the securities.     History. Source: L. 69: P. 774, § 78. C.R.S. 1963: § 89-21-78. History. Source: L. 69: P. 774, § 78. C.R.S. 1963: § 89-21-78.
CO Code § 32-11-537 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-537. Consolidated Bond Fund

 Payment of the principal of and the interest on general obligation bonds may be made from a consolidated bond interest and redemption fund of the district except as otherwise provided in any proceedings pertaining to outstanding district securities or in any other contract.   History. Source: L. 69: P. 774, § 79. C.R.S. 1963: § 89-21-79. History. Source: L. 69: P. 774, § 79. C.R.S. 1963: § 89-21-79.
CO Code § 32-11-538 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-538. Securities Tax Levies

  There shall be levied annually a special tax on all taxable property, both real and personal, within the territorial limits of the district, fully sufficient, without regard to any statutory limitations existing, except for any notes or warrants, to pay the interest on the general obligation district securities and to pay and retire the same as provided in this article and any law supplemental to this article. The amount of money to be raised by such tax shall be included in the annual estimate or budget for the district for each year for which such tax is required to be levied by this article. Such tax shall be levied and collected in the same manner and at the same time as other taxes of the district are levied and collected.    Subject to the provisions of section 32-11-537, the proceeds of any such tax levied to pay interest on such securities of any series shall be kept by the district treasurer in a special account separate and apart from all other funds, and the proceeds of the tax levied to pay the principal of such securities shall be kept by the treasurer in a special account separate and apart from all other funds, which two special accounts shall be used for no other purpose than the payment of the interest on the securities and the principal thereof, respectively, as the same falls due.     History. Source: L. 69: P. 774, § 80. C.R.S. 1963: § 89-21-80. History. Source: L. 69: P. 774, § 80. C.R.S. 1963: § 89-21-80.    Cross references:   For collection of taxes, see article 10 of title 39.
CO Code § 32-11-539 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-539. Initial Levies

  Such tax shall be levied immediately after the issuance of any general obligation securities issued in accordance with the provisions of this article, at the times and in the manner provided by law, and annually thereafter until all of the securities and the interest thereon have been fully discharged.    Such tax may be first levied after the district, acting by and through the board, has contracted to sell any securities but before their issuance.     History. Source: L. 69: P. 774, § 81. C.R.S. 1963: § 89-21-81. History. Source: L. 69: P. 774, § 81. C.R.S. 1963: § 89-21-81.
CO Code § 32-11-540 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-540. Payments From General Fund

 Any sums coming due on any general obligation district securities at any time when there are not on hand from such tax levy or levies sufficient funds to pay the same shall be promptly paid when due from the general fund of the district, reimbursement to be made to such general fund in the sums thus advanced when the taxes provided for in this article have been collected.   History. Source: L. 69: P. 774, § 82. C.R.S. 1963: § 89-21-82. History. Source: L. 69: P. 774, § 82. C.R.S. 1963: § 89-21-82.
CO Code § 32-11-541 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-541. Use of Other Moneys

 The district may apply any funds (other than taxes) that may be available for that purpose to the payment of the interest on or the principal of any general obligation district securities as the same respectively mature, including without limitation the payment of general obligation bonds as provided in section 32-11-537 , and regardless of whether the payment of the general obligation district securities is additionally secured by a pledge of revenues and, upon such payments, the levy of taxes provided in this article may thereupon to that extent be diminished.   History. Source: L. 69: P. 775, § 83. C.R.S. 1963: § 89-21-83. History. Source: L. 69: P. 775, § 83. C.R.S. 1963: § 89-21-83.
CO Code § 32-11-542 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-542. Appropriation of Taxes

 There is by this article, and there shall be by resolution authorizing the issuance of any indebtedness contracted in accordance with the provisions of this article, specially appropriated the proceeds of such taxes to the payment of the principal thereof and any interest thereon; and such appropriations shall not be repealed nor the taxes postponed or diminished, except as otherwise expressly provided in this article, until the principal of and interest on the district securities evidencing such debt or other indebtedness evidenced by other contract have been wholly paid.   History. Source: L. 69: P. 775, § 84. C.R.S. 1963: § 89-21-84. History. Source: L. 69: P. 775, § 84. C.R.S. 1963: § 89-21-84.
CO Code § 32-11-543 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-543. Special Obligation Limitations

 None of the covenants, agreements, representations, and warranties contained in any resolution authorizing the issuance of bonds or other district securities issued under the provisions of this article, designated in section 32-11-501 (2) , and constituting special obligations, or in any other instrument pertaining thereto, in the absence of any breach thereof, shall ever impose or be construed as imposing any liability, obligation, or charge against the district (except the special funds pledged therefor) or against the general credit of the district, payable out of the general fund of the district, or out of any funds derived from taxation.   History. Source: L. 69: P. 775, § 85. C.R.S. 1963: § 89-21-85. History. Source: L. 69: P. 775, § 85. C.R.S. 1963: § 89-21-85.
CO Code § 32-11-544 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-544. Purchase Price and Interest

  Any district securities designated in section 32-11-501 (2) and otherwise issued under this article, as may be provided by the board in a resolution authorizing their issuance and in any indenture or other proceedings pertaining thereto, may be issued at, above, or below par, at a discount not exceeding seven percent of the principal amount of the securities; but they may not be issued at a price such that the net effective interest rate of the issue of securities exceeds the maximum net effective interest rate authorized.    Such district securities shall bear interest at a rate such that the net effective interest rate of the issue of securities does not exceed the maximum net effective interest rate authorized.     History. Source: L. 69: P. 775, § 86. C.R.S. 1963: § 89-21-86. L. 70: P. 301, § 125. History. Source: L. 69: P. 775, § 86. C.R.S. 1963: § 89-21-86. L. 70: P. 301, § 125.
CO Code § 32-11-545 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-545. Public and Private Sales

  Notes may be issued at public or private sale.    Warrants may be issued to evidence the amount due to any person furnishing services or materials as provided in this article.    General obligation bonds shall be issued at public sale. Bonds constituting special obligations may be issued at public or private sale.    Temporary bonds shall be issued to a purchaser of the definitive bonds in anticipation of the exchange of the former for the latter.    Interim debentures may be issued at public or private sale.     History. Source: L. 69: P. 775, § 87. C.R.S. 1963: § 89-21-87. History. Source: L. 69: P. 775, § 87. C.R.S. 1963: § 89-21-87.
CO Code § 32-11-546 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-546. Notice of Public Sale

  Before selling any district securities publicly, the board shall:   Cause a notice calling for bids for the purchase of the securities to be published once a week for four consecutive weeks by four weekly insertions a week apart, the first publication to be not more than thirty days nor less than twenty-two days next preceding the date of sale, in a newspaper published within the boundaries of the district and having general circulation therein;    Cause such other notice to be given as the board may direct.        History. Source: L. 69: P. 775, § 88. C.R.S. 1963: § 89-21-88. History. Source: L. 69: P. 775, § 88. C.R.S. 1963: § 89-21-88.
CO Code § 32-11-547 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-547. Contents of Sale Notice

  The notice shall:   Specify a place and designate a day and the hour thereof subsequent to the date of the last publication when sealed bids for the purchase of the securities shall be received and opened publicly;    Specify the maximum rate of interest which the securities shall bear;    Require each bidder to submit a bid specifying the lowest rate or rates of interest and premium, if any, at which the bidder will purchase the securities, at or above par, or, if so permitted by the board, below par at a discount not exceeding the maximum discount fixed by the board.        History. Source: L. 69: P. 776, § 89. C.R.S. 1963: § 89-21-89. History. Source: L. 69: P. 776, § 89. C.R.S. 1963: § 89-21-89.
CO Code § 32-11-548 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-548. Bid Requirements

  All bids shall:   Be in writing and be sealed; and    Except any bid of the state or any board or department thereof, if one is received, be accompanied by a deposit of an amount of at least two percent of the principal amount of the securities, either in cash, or by cashier's check or treasurer's check of, or by certified check drawn on, a solvent commercial bank in the United States, which deposit shall be returned if the bid is not accepted.        History. Source: L. 69: P. 776, § 90. C.R.S. 1963: § 89-21-90. History. Source: L. 69: P. 776, § 90. C.R.S. 1963: § 89-21-90.
CO Code § 32-11-549 (2021)
2021 Colorado Code|Title 32 - Special Districts|Article 11 - Urban Drainage and Flood Control Act|Part 5 - Indebtedness and Financial Provisions|§ 32-11-549. Acceptance of Best Bid

  Subject to the right of the board to reject any and all bids, the securities shall be sold to the responsible bidder making the best bid.    If there are two or more equal bids for the securities and such equal bids are the best bids received and not less than the principal amount of the securities and accrued interest, except for any permitted discount, the board shall determine which bid shall be accepted.     History. Source: L. 69: P. 776, § 91. C.R.S. 1963: § 89-21-91. History. Source: L. 69: P. 776, § 91. C.R.S. 1963: § 89-21-91.