reglab/statecodes huggingface dataset:
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-107.7 - Regional fixed guideway mass transit systems - construction - front range passenger rail service - authorization - completion of northwest rail fixed guideway corridor - limited operations outside district

(1)
Any action of the board relating to the authorization of the construction of a regional fixed guideway mass transit system in any corridor shall require the affirmative vote of a two-thirds majority of the board membership. The board shall take no action relating to the construction of a regional fixed guideway mass transit system until after such system has been approved by the designated metropolitan planning organization. Each component part or corridor of such system shall be separately approved by the metropolitan planning organization. Such action shall include approval of the method of financing and the technology selected for such projects.
(2)
Repealed.
(3)
The district may extend construction and operations of the northwest rail fixed guideway corridor beyond the boundaries of the district if any and all capital and operating expenses that it undertakes outside the district are fully accounted for and reimbursed to the district by a public body.
Amended by 2024 Ch. 186,§ 4, eff. 5/16/2024.
L. 90: Entire section added, p. 1511, § 1, effective May 23. L. 2002: (2) repealed, p. 866, § 1, effective August 7.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-108 - [Repealed]

L. 69: p. 716, § 1. C.R.S. 1963: § 89-20-7. L. 70: p. 292, § 98. L. 72: p. 482, § 6. L. 73: pp. 986, 991, §§ 3, 1. L. 80: (3) added, p. 679, § 1, effective May 1. L. 82: (3) repealed, p. 502, § 8, effective April 15. L. 83: Entire section repealed, p. 1284, § 6, effective June 3.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-109 - [Repealed]

L. 69: p. 716, § 1. C.R.S. 1963: § 89-20-8. L. 70: p. 292, § 99. L. 73: p. 988, § 2.
This section was repealed in 1980 by initiative, effective January 1, 1983. For the complete initiated measure and votes cast for the adoption or rejection thereof, see L. 81, pp. 2057-2060.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-109.5 - Board of directors - membership - powers

(1)
Effective January 1, 1983, the governing body of the district shall be a board of directors consisting of fifteen persons, each of whom is an eligible elector residing within the director district.
(2)
Members of the board of directors shall be elected as provided in section
32-9-111
.
(3)
The terms of members of the board serving on December 31, 1982, shall expire on January 1, 1983, and a new board, constituted pursuant to this section shall take office on January 1, 1983, after having been elected pursuant to section
32-9-111
.
(4)
All powers, duties, functions, rights, and privileges vested in the district shall be exercised and performed by the board; except that the exercise of any executive, administrative, or ministerial powers may be delegated by the board to officers and employees of the district.
Initiated 80: Entire section added, effective upon proclamation of the Governor, December 19, 1980. L. 92: (1) amended, p. 908, § 159, effective 1/1/1993.
For the complete initiated measure and votes cast for the adoption or rejection thereof, see L. 81, pp. 2057-2060.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-110 - [Repealed]

L. 69: p. 716, § 1. C.R.S. 1963: § 89-20-9. L. 70: p. 292, § 100. L. 73: p. 989, §§ 3, 4. L. 75: IP(1) and (2) amended, p. 1303, § 2, effective July 1.
This section was repealed in 1980 by initiative, effective January 1, 1983. For the complete initiated measure and votes cast for the adoption or rejection thereof, see L. 81, pp. 2057-2060.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-112 - Vacancies - appointments - recall

(1)
A change of residence of a member of the board to a place outside the director district from which the member was elected shall automatically create a vacancy on the board. Upon a vacancy occurring for any reason other than normal expiration of a term, the vacancy shall be filled by appointment by the board of county commissioners of the county wherein the director district is located or, in the case of a member elected in Denver, by the mayor of the city and county of Denver, with the approval of the city council of said city and county. In the case of a director district which contains territory in two or more counties, or in the city and county of Denver and in one or more counties, the vacancy shall be filled by appointment by the board of county commissioners of the county wherein the largest number of eligible electors of the director district reside; except that, if the largest number of eligible electors of the director district reside in the city and county of Denver, the vacancy shall be filled by appointment by the mayor of the city and county of Denver, with the approval of the city council of the city and county.
(1.5)
Any director appointed shall serve until the next regular election, at which time the vacancy shall be filled by election for any remaining unexpired portion of the term.
(2)
Effective July 1, 1983, any member of the board may be recalled from office by the eligible electors of the director district such member represents pursuant to the provisions of part 1 of article
12
of title
1
, C.R.S.
(3)
Repealed.
L. 69: p. 717, § 1. C.R.S. 1963: § 89-20-11. L. 70: p. 293, § 101. L. 73: p. 989, § 5. Initiated 80: Entire section R&RE, effective upon proclamation of the Governor, December 19, 1980. L. 81: (3) added, p. 1646, § 2, effective June 8. L. 82: (3) amended, p. 497, § 3, effective March 25. L. 83: (3) repealed, p. 2051, § 19, effective October 14. L. 92: Entire section amended, p. 909, § 161, effective 1/1/1993.
For the complete initiated measure and the votes cast for the adoption or rejection thereof, see L. 81, pp. 2057-2060.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-113 - Fidelity bonds

Each director, before entering upon his official duties, shall give a fidelity bond to the district in the sum of ten thousand dollars with good and sufficient surety, to be approved by the governor, conditioned for the faithful performance of the duties of his office. Premiums on all fidelity bonds provided for in this section shall be paid by the district and filed in the office of the secretary of state.
L. 69: p. 717, § 1. C.R.S. 1963: § 89-20-12.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-114 - Board's administrative powers

(1)
The board has the following administrative powers:
(a)
To fix the time and place at which its regular meetings, to be held at least quarterly, shall be held within the district and shall provide for the calling and holding of special meetings;
(b)
To adopt and amend bylaws and rules for procedure;
(c)
To elect one director as chairman of the board and another director as chairman pro tem of the board, and to appoint one or more persons as secretary and treasurer of the board;
(d)
To prescribe a system of business administration, to create necessary offices, and to establish the powers, duties, and compensation of all officers, agents, and employees and other persons contracting with the district, subject to the provisions of section
32-9-117
;
(e)
To prescribe a method of auditing and allowing or rejecting claims and demands;
(f)
To provide a method for the letting of contracts on a fair and competitive basis for the construction of works, any facility, or any project, or any interest therein, or for the performance or furnishing of labor, materials, or supplies as required in this article;
(g)
To designate an official newspaper published in the district in the English language; except that nothing in this article shall prevent the board from directing publication in any additional newspaper where it deems that the public necessity may so require;
(h)
To make and pass resolutions and orders necessary to carry out the provisions of this article.
L. 69: p. 717, § 1. C.R.S. 1963: § 89-20-13.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-115 - Records of board - audits

(1)
All resolutions and orders shall be recorded and authenticated by the signature of the presiding officer of the board and the secretary. Every legislative act of the board of a general or permanent nature shall be by resolution. The book of resolutions and orders shall be a public record. A record shall also be made of all other proceedings of the board, minutes of the meetings, certificates, contracts, bonds given by officers, employees, and any other agents of the district, and all corporate acts, which record shall also be a public record. The treasurer shall keep an account of all moneys received by and disbursed on behalf of the district, which shall also be a public record. Any public record of the district shall be open for inspection by any eligible elector of the district, or by any representative of the state, or of any county, city and county, city, or town within the district. All records are subject to audit as provided by law for political subdivisions.
(2)
Repealed.
(3)
In addition to the audit authorized in subsection (1) of this section and the audit required pursuant to section
29-1-603
, C.R.S., at least once every five years, or more frequently in the state auditor's discretion, the state auditor shall conduct or cause to be conducted a performance audit of the district to determine whether the district is effectively and efficiently fulfilling its statutory obligations. The first performance audit shall begin on or after January 1, 2005, and be completed as soon as possible thereafter. Upon the completion of a performance audit, the state auditor shall submit a written report to the legislative audit committee. The cost of the performance audits shall be paid by the district.
L. 69: p. 718, § 1. C.R.S. 1963: § 89-20-14. L. 80: Entire section amended, p. 679, § 2, effective May 1. L. 82: (2) repealed, p. 502, § 8, effective April 15. L. 92: (1) amended, p. 910, § 162, effective 1/1/1993. L. 94: (3) added, p. 1325, § 3, effective May 25. L. 2002: (3) amended, p. 866, § 2, effective August 7. L. 2004: (3) amended, p. 970, § 1, effective August 4.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-116 - Meetings of board

(1)
All meetings of the board shall be held within the district and shall be open to the public. No business of the board shall be transacted except at a regular or special meeting at which a quorum consisting of at least a majority of the total membership of the board is present.
(2)
Repealed.
(3)
Effective January 1, 1983, any action of the board shall require the affirmative vote of at least eight members present and voting.
L. 69: p. 718, § 1. C.R.S. 1963: § 89-20-15. L. 82: Entire section amended, p. 497, § 4, effective March 25.
Subsection (2)(b) provided for the repeal of subsection (2), effective January 1, 1983. (See L. 82, p. 497.)
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-117 - Compensation of directors

(1)
Except as otherwise provided in subsection (2) of this section, effective January 1, 1983, each director shall receive a sum of three thousand dollars per annum.
(2)
Effective January 1, 2009, each director elected at the 2008 general election or at any general election thereafter and each director appointed to fill a vacancy for an unexpired term of a director elected at the 2008 general election or any election thereafter shall receive a sum of twelve thousand dollars per annum, payable at the rate of one thousand dollars per month.
(3)
No director shall receive any compensation as an officer, engineer, attorney, employee, or any other agent of the district.
(4)
Nothing contained in this article shall be construed as preventing the board from authorizing the reimbursement of any director for expenses incurred that appertain to the activities of the district.
L. 69: p. 718, § 1. C.R.S. 1963: § 89-20-16. Initiated 80: Entire section R&RE, effective upon proclamation of the Governor, December 19, 1980. L. 81: Entire section amended, p. 1646, § 3, effective June 8. L. 85: Entire section amended, p. 1120, § 1, effective May 10. L. 2008: Entire section amended, p. 305, § 1, effective August 5.
For the complete initiated measure and the votes cast for the adoption or rejection thereof, see L. 81, pp. 2057-2060.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-118 - Conflicts in interest prohibited

No director, officer, employee, or agent of the district shall be interested in any contract or transaction with the district except in his official representative capacity.
L. 69: p. 718, § 1. C.R.S. 1963: § 89-20-17.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-119.3 - Elections for sales tax rate increase

(1)
The board, in accordance with the provisions of section 20 (4) of article X of the state constitution, may submit to the registered electors of the district one or more ballot questions to increase the rate of the sales tax levied by the district pursuant to section
32-9-119(2)(a)
to any rate approved by the board, with or without an accompanying increase in district debt, for such purposes authorized by this article as may be specified in any such ballot question.
(2)
A ballot question submitted pursuant to subsection (1) of this section shall be submitted at a general election or an election held on the first Tuesday of November in an odd-numbered year that is conducted in accordance with the "Uniform Election Code of 1992", articles
1
to
13
of title
1
, C.R.S. The secretary of state shall determine the identifying numbering or lettering of such a ballot question, and the question shall be printed upon the ballot immediately following any statewide amendments and propositions.
(3)
If a majority of the registered electors voting on a ballot question submitted pursuant to subsection (1) of this section vote affirmatively on the question, the rate of the sales tax levied by the district pursuant to section
32-9-119(2)(a)
shall be increased to the rate specified in the ballot question and approved by the registered electors.
(4)
Nothing in this section shall be construed to limit the ability of the district to seek the approval of the registered electors of the district regarding any other matter for which such approval may be sought.
L. 97: Entire section added, p. 806, § 3, effective May 20. L. 2009: Entire section RC&RE, (SB 09-108), ch. 5, p. 49, §5, effective March 2; (2) amended, (HB09-1326), ch. 258, p. 1182, § 19, effective May 15.
Subsection (9)(b) provided for the repeal of this section, effective November 4, 1997, when the registered electors of the district voted negatively on the ballot question set forth in § 32-9-119.3(2)(b).
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-119.6 - [Repealed]

L. 88: Entire section added, p. 1155, § 2, effective May 3. L. 96: Entire section repealed, p. 1274, § 211, effective, August 7.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-120 - Levy of taxes - limitations

(1)
Notwithstanding any other provision of law or this article to the contrary, no general ad valorem property taxes shall be levied, directly or indirectly, by the district under the provisions of this article, except for the payment of any annual deficit, if any, in the operation and maintenance expenses of the district, such levy not to exceed one-half mill on each dollar of valuation for assessment each year.
(2)
Annually, the board shall determine the amount of money necessary to be raised by taxation for the coming year and shall fix a rate of levy, subject to the provisions of subsection (1) of this section, which rate when levied upon every dollar of valuation for assessment of taxable property within the district, together with any other unencumbered revenues and moneys of the district, shall raise that sum necessary to pay in full all interest and principal on securities of the district, except special obligations payable solely from the revenues of the district, and to pay, to the extent permitted by this section, all other obligations of the district that the district can pay under this article with taxes coming due within the coming year, but excluding any special obligations.
(3)
The board shall certify to the counties of the district and the city and county of Denver, in accordance with the schedule prescribed by section
39-5-128
, C.R.S., the rate so fixed in subsection (2) of this section, with directions to such counties and the city and county of Denver to levy and collect such taxes upon the taxable property within their respective counties or the city and county and to levy and collect such other taxes pursuant to section
32-9-121
.
(4)
Repealed.
L. 69: p. 720, § 1. C.R.S. 1963: § 89-20-19. L. 70: p. 293, § 102. L. 71: p. 979, § 3. L. 73: p. 992, § 3. L. 80: (1) amended and (4) added, p. 683, § 5, effective May 1. L. 81: (1) amended, p. 1646, § 4, effective June 8. L. 82: (1) amended and (4) repealed, pp. 500, 502, §§ 4, 8, effective April 15. L. 87: (3) amended, p. 1407, § 4, effective April 22. L. 2000: (2) amended, p. 308, § 3, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-121 - Levies to cover deficiencies

In the event that the sum produced from general ad valorem property tax levies totaling less than the maximum levy authorized by section
32-9-120(1)
, together with any unencumbered revenues and moneys of the district, are insufficient to pay, when due, installments on contracts and securities of the district and interest thereon and to pay defaults and deficiencies, the board shall make such additional levies of taxes as may be necessary, subject to the provisions and limitations of section
32-9-120(1)
, until such contracts and securities and interest thereon are fully paid. In no case shall the mill levy exceed one-half mill. No levies shall be made pursuant to this section to pay any amount of special obligations of the district payable solely from sales taxes and the revenues, or a combination thereof, of the district.
L. 69: p. 720, § 1. C.R.S. 1963: § 89-20-20. L. 73: p. 992, § 4. L. 80: Entire section amended, p. 683, § 6, effective May 1. L. 81: Entire section amended, p. 1646, § 5, effective June 8. L. 82: Entire section amended, p. 500, § 5, effective April 15. L. 2000: Entire section amended, p. 308, § 4, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-122 - Levying and collecting taxes - lien

It is the duty of the body having authority to levy taxes within each county or city and county of the district to levy the taxes provided in sections
32-9-120
and
32-9-121
. It is the duty of all officials charged with the duty of collecting taxes to collect such taxes at the time and in the form and manner and with like interest and penalties as other taxes are collected, and when collected, to pay the same to the district. The payment of such collection shall be made as soon as practical after collection to the treasurer of the district and paid into the depository thereof to the credit of the district. All taxes levied under this article, together with interest thereon and penalties for default in payment thereof, and all costs of collecting the same, shall constitute, until paid, a perpetual lien on and against the property taxed, and such lien shall be on a parity with the tax lien of other taxes.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-21.
For collection of taxes, see article 10 of title 39.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-123 - Delinquent taxes

If the taxes levied are not paid, then delinquent real property shall be sold at the regular tax sale for the payment of said taxes, interest, and penalties, in the manner provided by the statutes of the state for selling real property for the nonpayment of taxes. If there are no bids at said tax sale for the property so offered, said property shall be struck off to the county, and the county shall account to the district in the same manner as provided by law for accounting for school, town, and city taxes. Delinquent personal property shall be distrained and sold as provided by law. Nothing in this article shall be construed as preventing the collection in full of the proceeds of all levies of taxes lawfully made by the district, including without limitation any delinquencies, interest, penalties, and costs.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-22.
For the sale of tax liens, see article 11 of title 39.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-123.5 - Prohibition on borrowing by district

Notwithstanding any other provision of this article, the district shall not borrow money for the purpose of acquisition, construction, continuing construction, or operation of mass transit facilities during the period from January 1, 1990, through May 9, 1990, and, during such time period, the district shall not issue any district securities evidencing such borrowing.
L. 90: Entire section added, p. 1514, § 1, effective April 3.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-124 - Forms of borrowing

Subject to the provisions of this article, the district, to carry out the purposes of this article, may borrow money and may issue the following district securities to evidence such borrowing: Notes, warrants, bonds, temporary bonds, refunding bonds, special obligation bonds, and interim notes.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-23.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-125 - Issuance of notes

The district may borrow money in anticipation of general ad valorem property taxes, sales taxes, or revenues, or a combination thereof, and issue notes to evidence the amount so borrowed.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-24. L. 73: p. 992, § 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-126 - Issuance of warrants

The district may defray the cost of any services or supplies, equipment, or other materials furnished to or for the benefit of the district by the issuance of warrants to evidence the amount due therefor in anticipation of general ad valorem property taxes, sales taxes, or revenues, or any combination thereof.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-25. L. 73: p. 993, § 6.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-127 - Maturities of notes and warrants

Notes and warrants may mature at such time not exceeding two years from the respective dates of their issuance as the board may determine. They shall not be extended or funded except by the issuance of bonds, special obligation bonds, or interim notes in compliance with sections
32-9-128
and
32-9-130
.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-26. L. 70: p. 304, § 1.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-128 - Incurrence of special obligations

The district may borrow money in anticipation of the revenues and the sales tax proceeds of the district, but not the proceeds of any general ad valorem property taxes, and issue special obligation bonds to evidence the amount so borrowed. Any special obligation bonds or other obligations payable in whole or in part from the sales tax proceeds of the district or revenues of the district, or both, may be issued or incurred without an election, in anticipation of such sales tax proceeds or revenues, or both.
L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-27. L. 70: p. 293, § 103. L. 73: 993, § 7. L. 82: Entire section amended, p. 501, § 6, effective April 15. L. 2000: Entire section amended, p. 308, § 5, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-129 - Issuance of temporary bonds

The district may, without an election, issue temporary bonds, pending preparation of definitive bonds and exchangeable for the definitive bonds when prepared, as the board may determine. Each temporary bond shall set forth substantially the same conditions, terms, and provisions as the definitive bond for which it is exchanged. Each holder of a temporary bond shall have all the rights and remedies which he would have as a holder of the definitive bond.
L. 69: p. 722, § 1. C.R.S. 1963: § 89-20-29. L. 73: 993, § 8.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-130 - Issuance of interim notes

The district may borrow money and issue interim notes evidencing short-term loans for the acquisition or improvement and equipment of any mass transportation facility of the district in supplementation of long-term financing and the issuance of bonds, as provided in section
32-9-148
.
L. 69: p. 722, § 1. C.R.S. 1963: § 89-20-30. L. 73: 993, § 9.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-131 - Pledge of proceeds of sales taxes and revenues

The payment of district securities may be secured by the specific pledge of the proceeds of sales taxes or revenues, or both such taxes and revenues, of the district, as the board may determine. Revenues or sales taxes pledged for the payment of any securities, as received by the district, shall immediately be subject to the lien of each such pledge, without any physical delivery thereof, any filing, or further act, and the lien of each such pledge and the obligation to perform the contractual provisions made in the authorizing resolution or other instrument relating thereto shall have priority over all other obligations and liabilities of the district, except as may be otherwise provided in this article or in said resolution or 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.
L. 69: p. 722, § 1. C.R.S. 1963: § 89-20-31. L. 73: 994, § 10. L. 2000: Entire section amended, p. 308, § 6, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-132 - Ranking among different issues

Except as otherwise provided in the authorizing resolution of the board, all securities of the same issue or series shall, subject to the prior rights of outstanding securities, claims, and other obligations, have a prior lien on the revenues pledged for the payment of the securities.
L. 69: p. 722, § 1. C.R.S. 1963: § 89-20-32. L. 2000: Entire section amended, p. 309, § 7, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-133 - Ranking in same issue

All securities of the same issue or series shall be equally and ratably secured without priority by a lien on the revenues of the district in accordance with the provisions of this article and the authorizing resolution, or other instrument relating thereto, except to the extent such resolution or other instrument shall otherwise expressly provide.
L. 69: p. 723, § 1. C.R.S. 1963: § 89-20-33. L. 2000: Entire section amended, p. 309, § 8, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-134 - Payment recital in securities

District securities issued under this article and constituting special obligations shall recite in substance that the securities and the interest thereon are payable solely from the revenues of the district or the sales tax proceeds of the district, or both, as the case may be, pledged to the payment thereof.
L. 69: p. 723, § 1. C.R.S. 1963: § 89-20-34. L. 73: p. 994, § 13. L. 2000: Entire section amended, p. 309, § 9, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-135 - Incontestable recital in securities

Any authorizing resolution, or other instrument relating thereto under this article, may provide that each security therein designated shall recite that it is issued under authority of this article. Such recital shall conclusively impart full compliance with all the provisions of this article, and all securities issued containing such recital shall be incontestable for any cause whatsoever after their delivery for value.
L. 69: p. 723, § 1. C.R.S. 1963: § 89-20-35.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-136 - Limitation upon payment

The payment of securities shall not be secured by any encumbrance, mortgage, or other pledge of property of the district, other than revenues, proceeds of sales taxes, or any other moneys pledged for the payment of the securities. No property of the district, subject to said exception, shall be liable to be forfeited or taken in payment of the securities.
L. 69: p. 723, § 1. C.R.S. 1963: § 89-20-36. L. 73: p. 994, § 14. L. 2000: Entire section amended, p. 309, § 10, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-137 - Security details

(1)
Any district securities authorized to be issued in this article shall bear such date, shall be in such denomination, shall mature at such time, but in no event exceeding forty years from their date or any shorter limitation provided in this article, and 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, which interest may be evidenced by one or two sets of coupons payable annually or semiannually, except that the first interest payment date appertaining to any security may represent interest for any period not in excess of one year, as may be prescribed by resolution or other instrument. The securities and any coupons shall be payable in such medium of payment at any banking institution or such other place within or without the state as determined by the board, and the securities at the option of the board may be in one or more series, may be made subject to prior redemption in advance of maturity in such order or by lot or otherwise at such time without or with the payment of such premium, not exceeding seven percent of the principal amount of each security so redeemed, as determined by the board. For any securities the issuance of which does not require approval at an election pursuant to this article, the maximum net effective interest rate shall be established by the board prior to the sale and issuance of such securities.
(2)
Any district securities may be issued with privileges for conversion or registration, or both, for payment as to principal or interest, or both, and where interest accruing on the securities is not represented by interest coupons, the securities may provide for the endorsing of payments of interest thereon, and the securities generally shall be issued in such manner, in such form, either coupon or registered, with such recitals, terms, covenants, and conditions, and with such other details, as may be provided by the board in the resolution authorizing the securities, or other instrument appertaining thereto, except as otherwise provided in this article.
(3)
Any resolution authorizing the issuance of securities or any other instrument relating thereto may provide for their reissuance in other denominations in negotiable or nonnegotiable form and otherwise in such manner and form as the board may determine.
L. 69: p. 723, § 1. C.R.S. 1963: § 89-20-38. L. 70: p. 294, § 105.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-138 - Negotiability

Subject to the payment provisions specifically provided in this article, any district securities and any interest coupons thereto attached shall be fully negotiable within the meaning of and for all the purposes of article
8
of title
4
, C.R.S., except as the board may otherwise provide.
L. 69: p. 724, § 1. C.R.S. 1963: § 89-20-39.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-139 - Single bonds

(1)
The board may:
(a)
Provide for the initial issuance of one or more securities, in this section called "bond", aggregating the amount of the entire issue, or a designated portion thereof;
(b)
Make such provision for installment payments of the principal amount of any such bond as the board may consider desirable;
(c)
Provide for the making of any such bond payable to bearer or otherwise, registrable as to principal or as to both principal and interest, and where interest accruing thereon is not represented by interest coupons, for the endorsing of payments of interest on each such bond;
(d)
Further make provision in any such proceedings for the manner and circumstances in which any such bond may in the future, at the request of the holder or owner thereof, be converted into securities of smaller denominations, which securities of smaller denominations may in turn be either coupon bonds or bonds registrable as to principal, or principal and interest, or both, at the option of the holder or owner.
L. 69: p. 724, § 1. C.R.S. 1963: § 89-20-40. L. 73: p. 994, § 11.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-140 - Sale of securities

(1)
Any securities authorized in this article, except for warrants not issued for cash, and except for temporary bonds issued pending preparation of definitive bonds, shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the board's option, below par, at a discount not exceeding seven percent of the principal amount thereof, but such securities shall never be sold at a price such that the net effective interest rate exceeds the maximum net effective interest rate authorized.
(2)
No discount, except as provided in subsection (1) of this section, or commission shall be allowed or paid on or for any security sale to any purchaser or bidder, directly or indirectly.
L. 69: p. 724, § 1. C.R.S. 1963: § 89-20-41. L. 70: p. 294, § 106.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-141 - Application of proceeds

All moneys received from the issuance of any securities authorized in this article shall be used solely for the purposes for which issued.
L. 69: p. 724, § 1. C.R.S. 1963: § 89-20-42.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-142 - Use of unexpended proceeds

Any unexpended balance of such security proceeds remaining after the completion of the purposes for which such securities were issued shall be credited immediately to the fund or account created for the payment of the principal of said securities and shall be used therefor, subject to the provisions as to the times and methods for their payment as stated in the securities and the proceedings authorizing or otherwise appertaining to their issuance, or so paid into a reserve therefor.
L. 69: p. 724, § 1. C.R.S. 1963: § 89-20-43.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-143 - Covenants in security proceedings

Any resolution or trust indenture authorizing the issuance of securities or any other instrument relating thereto may contain covenants and other provisions limiting the exercise of powers conferred by this article upon the board in order to secure the payment of such securities, in agreement with the holders and owners of such securities, as the board may determine.
L. 69: p. 725, § 1. C.R.S. 1963: § 89-20-44.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-144 - Remedies of security holders

(1)
Subject to contractual limitations binding upon the holders or owners of any issue or series of securities or trustee therefor and subject to any prior or superior rights of others, any holder or owner of securities or trustee therefor shall have the right and power for the equal benefit and protection of all holders and owners of securities similarly situated:
(a)
By mandamus or other suit, action, or proceeding at law or in equity to enforce his rights against the district and its board and any of its officers, agents, and employees, and to require and compel the district or its board or any such officers, agents, or employees to perform and carry out their duties, obligations, or other commitments under this article and their covenants and agreements with the holder or owner of any security;
(b)
By action or suit in equity to require the district and its board to account as if they were the trustee of an express trust;
(c)
By action or suit in equity to have appointed a receiver, which receiver may enter and take possession of any revenues or any proceeds of taxes, or both, pledged for the payment of the securities, prescribe sufficient fees derived therefrom, and collect, receive, and apply all 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;
(d)
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 security and to bring suit thereupon.
L. 69: p. 725, § 1. C.R.S. 1963: § 89-20-45. L. 2000: (1)(c) amended, p. 309, § 11, effective April 5.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-145 - Limitations upon liabilities

Neither the directors nor any person executing any district securities issued under this article shall be liable personally on the securities by reason of the issuance thereof. Securities issued pursuant to this article shall not in any way create or constitute any indebtedness, liability, or obligation of the state or of any political subdivision thereof, except the district, and nothing in this article shall be construed to authorize the district to incur any indebtedness on behalf of or in any way to obligate the state or any political subdivision thereof, except the district.
L. 69: p. 725, § 1. C.R.S. 1963: § 89-20-46.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-146 - Interest after maturity

No interest shall accrue on any security authorized in this article after it becomes due and payable if funds for the payment of the principal of and the interest on the security and any prior redemption premium due are available to a paying agent for such payment without default.
L. 69: p. 725, § 1. C.R.S. 1963: § 89-20-47.
2023 Colorado Revised Statutes › Title 32 - SPECIAL DISTRICTS (§§ 32-1-101 — 32-22-117) › SPECIAL STATUTORY DISTRICTS (§§ 32-8-101 — 32-22-117) › Article 9 - REGIONAL TRANSPORTATION DISTRICT ACT (§§ 32-9-101 — 32-9-164) › Section 32-9-148 - Issuance of interim notes

(1)
Whenever a proposal to issue bonds for any purpose authorized in this article has been approved at an election held in accordance with this article, the district may borrow money without any other election in anticipation of sales taxes or of the receipt of the proceeds of said bonds and to issue interim notes to evidence the amount so borrowed; except that the aggregate amount of the interim notes may not exceed the amount so authorized by the election. Any interim notes may mature at such time not exceeding a period of time equal to the estimated time needed to effect the purposes for which the bonds are authorized to be issued, plus two years, as the board may determine. Except as otherwise provided in this section, interim notes shall be issued as provided in this article for district securities.
(2)
Sales taxes, proceeds of bonds to be thereafter issued or reissued, and bonds issued for the purpose of securing the payment of interim notes, or any combination thereof, may be pledged for the purpose of securing the payment of the interim notes. Any bonds pledged as collateral security for the payment of any interim notes shall mature at such time as the board may determine, but in no event exceeding forty years from the date of either any of such bonds or any of such interim notes, whichever date is the earlier. Any such bonds pledged as collateral security shall not be issued in an aggregate principal amount exceeding the aggregate principal amount of the interim notes or interim notes 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 notes so secured, exceeds the maximum net effective interest rate authorized.
(3)
For the purpose of funding any interim notes, any bonds pledged as collateral security to secure the payment of such interim notes, 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 may be issued for such a funding. Any such bonds shall mature at such time as the board may determine, but in no event exceeding forty years from the date of either any of the interim notes so funded or any of the bonds so pledged as collateral security, whichever date is earlier. Bonds may be issued separately or issued in combination in one series or more. Except as otherwise provided in this section any such funding bonds shall be issued as is provided in this article for district securities.
(4)
No interim note issued pursuant to the provisions of this section shall be extended or funded except by the issuance or reissuance of a bond in compliance with the provisions of this section.
L. 69: p. 726, § 1. C.R.S. 1963: § 89-20-49. L. 70: p. 295, § 108. L. 73: p. 994, § 15.