reglab/statecodes huggingface dataset:
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-707 - Disclosure of interests required

Any board member, employee, or other agent or adviser of the authority, who has a direct or indirect interest in any contract or transaction with the authority, shall disclose this interest to the authority. This interest shall be set forth in the minutes of the authority, and no board member, employee, or other agent or adviser having such interest shall participate on behalf of the authority in the authorization of any such contract or transaction.
L. 73: p. 807, § 1. C.R.S. 1963: § 69-11-6.
This section was originally numbered as §
29-4-706
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-709 - Power of board - housing facility plans

(1)
The board shall establish criteria for the financial feasibility of any plan for the development of housing facilities to be undertaken with the proceeds of housing facility loans.
(2)
If the authority determines that such plan meets the board's criteria, that private financing is not available on reasonably equivalent terms and conditions, and that the necessary means of financing such plan are available to the authority, the authority may accept such plan.
L. 73: p. 809, § 1. C.R.S. 1963: § 69-11-8. L. 75: Entire section amended, p. 973, § 5, effective April 9. L. 2007: Entire section amended, p. 705, § 5, effective May 3.
This section was originally numbered as §
29-4-708
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-710.6 - Powers of the board - loans for capital

(1)
The authority may not assist the capital needs of any profit or nonprofit enterprise or undertaking until the board or the executive director pursuant to rules and regulations adopted by the board first determines that:
(a)
Repealed.
(b)
The amount of a loan to provide capital to an enterprise does not exceed the amount by which the total capital needs of such enterprise during a specified period exceeds the sum of the revenues of the operation reasonably expected to be available to the enterprise during such period to meet capital needs and the amount of any reserves for anticipated operating deficits and available to the enterprise during such period; and
(c)
The financing agreement relating thereto provides for the payment to the authority of such revenues as will be, together with any government subsidies relating to the enterprise and other moneys available or expected to be available, sufficient to pay the principal of and interest on all notes and bonds issued to finance the loan and to build up and maintain any reserves deemed advisable by the authority in connection therewith.
(2)
Upon making the determinations specified in subsection (1) of this section, the authority, in addition to the other powers granted by this part 7, shall have the following powers:
(a)
To commit to enter and to enter into a financing agreement to purchase or participate in the purchase from a lender of loans to provide capital to business enterprises upon such terms and conditions as the authority may deem appropriate;
(b)
To commit to enter and to enter into a financing agreement to make a loan to a lender upon the condition that the lender invest the proceeds of such loan in loans to provide capital to business enterprises upon such terms and conditions as the authority may deem appropriate;
(c)
In connection with the preservation of its rights with respect to any loan, to provide capital to a business enterprise, to provide for the acquisition, operation, management, or maintenance of a business enterprise, and to sell or otherwise dispose of any business enterprise.
L. 82: Entire section added, p. 468, § 8, effective April 23. L. 87: IP(1), (1)(b), and (2)(a) to (2)(c) amended and (1)(a) repealed, pp. 1194, 1197, §§ 11, 21, effective May 20.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-711 - Power of board - housing facility plans - mortgage purchase - loans to lenders

Upon a finding by the board that investment in, or purchase or participation in the purchase of, mortgage loans or interests therein or that making loans to lenders is necessary to provide housing facilities within the means of low- or moderate-income families, it may cause the executive director to formulate and from time to time modify a plan for the development of housing facilities by the authority investing in, purchasing, or participating in the purchase of mortgage loans or interests therein from lenders or making loans to lenders. If the board ascertains that the necessary means of financing such a plan are available to the authority, the board may signify its approval of such a plan.
L. 75: Entire section added, p. 975, § 7, effective April 9.
This section was enacted as § 29-4-710.4 in House Bill 75-1026 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-713 - Power of the board - home improvement loans

(1)
The board may cause the executive director to formulate and from time to time modify a plan for the provision of home improvement loans upon a finding by the board that the provision of such loans is necessary for any one or more of the following purposes:
(a)
To bring housing facilities for low- or moderate-income families into compliance with state, county, or municipal building, housing maintenance, fire, health, or similar codes and standards applicable to housing, including standards adopted by the authority under section
29-4-714
;
(b)
To reduce the total energy requirements of such housing facilities;
(c)
To improve such housing facilities to a more livable and maintainable condition as part of a program or plan to arrest deterioration by means of neighborhood conservation and upgrading.
(2)
If the board ascertains that private financing for home improvement loans is not available on reasonably equivalent terms and conditions and that the necessary means of financing such plan are available to the authority, the board may approve such plan.
L. 76: Entire section added, p. 689, § 3, effective April 19. L. 77: IP(1), (1)(a), and (1)(c) added and (2) amended, p. 1413, § 3, effective June 19.
This section was enacted as §
29-4-710.6
in House Bill 76-1231 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-715 - [Repealed]

L. 73: p. 811, § 1. C.R.S. 1963: § 69-11-11. L. 75: (1)(a), (1)(b), and (2) amended, p. 977, § 8, effective April 9. L. 82: (1)(b) and (1)(c) amended, p. 468, § 9, effective April 23. L. 2007: Entire section repealed, p. 707, § 9, effective May 3.
This section was originally numbered as §
29-4-711
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-716 - Standards for approval of organizations

(1)
No sponsor shall be considered eligible to develop housing facilities or provide services in connection therewith pursuant to this part 7 unless it shows to the authority's satisfaction that the organization is incorporated, authorized to do business, or otherwise organized as required by the laws of this state.
(2)
The sponsor, as provided in subsection (1) of this section, shall submit full details of its organizational documents, articles, and bylaws to the authority and shall provide and pay for an independent annual audit as may be required by the authority.
L. 73: p. 811, § 1. C.R.S. 1963: § 69-11-12. L. 75: Entire section R&RE, p. 977, § 9, effective April 9.
This section was originally numbered as §
29-4-712
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-717 - Findings - percentage of low-income families required

(1)
Prior to the authority's making or committing to make a housing facility loan for a housing facility with more than five dwelling units under this part 7, the board shall find:
(a)
That low-income families can afford, on the basis of the use of not more than thirty percent of annual income as determined in accordance with rules and regulations of the authority, the adjusted rentals set for no less than twenty percent of the dwelling units in such proposed housing facility;
(b)
That the number of units intended for occupancy by low- and moderate-income families shall approximate seventy-five percent of the total number of units available;
(c)
That such housing facility will not create or contribute to an undue concentration of low-income families in any one neighborhood.
(2)
Prior to the authority's making or committing to make any housing facility loan, the authority shall find:
(a)
That, with respect to the housing facility, no restrictions are imposed as to sex, sexual orientation, gender identity, gender expression, race, creed, color, religion, ancestry, or national origin of occupants;
(b)
That such housing facility is designed to house families of varied economic means and will not create or contribute to an undue concentration of low-income families in any one neighborhood.
Amended by 2021 Ch. 156,§44, eff. 9/7/2021.
L. 73: p. 812, § 1. C.R.S. 1963: § 69-11-13. L. 75: Entire section R&RE, p. 978, § 10, effective April 9. L. 82: (1)(a) amended, p. 473, § 7, April 15. L. 2007: (1)(c) and (2) amended, p. 708, § 10, effective May 3. L. 2008: (2)(a) amended, p. 1603, § 33, effective May 29. L. 2021: (2)(a) amended, (HB 21-1108), ch. 897, p. 897, § 44, effective September 7.
This section was originally numbered as §
29-4-713
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2021 Ch. 156, was passed without a safety clause. See Colo. Const. art. V, § 1(3).
For the legislative declaration contained in the 2008 act amending subsection (2)(a), see section 1 of chapter 341, Session Laws of Colorado 2008. For the legislative declaration in HB 21-1108, see section 1 of chapter 156, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-719 - [Repealed]

L. 75: Entire section added, p. 984, § 1, effective May 22. L. 82: (4)(a) amended and (4)(b) repealed, p. 473, §§ 8, 9, effective April 15. L. 2001: IP(1) amended and (9) and (10) added, p. 311, § 2, effective April 12.
This section was repealed, effective March 8, 2010, upon receipt by the revisor of statutes of notice that all outstanding bonds of the Colorado Housing Finance Authority, with respect to which capital reserve funds were established pursuant to this section, were paid in full.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-720 - Validity of any pledge

Any pledge made by the authority shall be valid and binding from the time when the pledge is made, and any assets or revenues shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, irrespective of whether such parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded. Nothing in this section shall be construed to prohibit the board from selling any assets subject to any such pledge, except to the extent that any such sale may be restricted by a trust agreement or resolution providing for the issuance of such bonds.
L. 73: p. 813, § 1. C.R.S. 1963: § 69-11-15. L. 75: Entire section amended, p. 981, § 12, effective April 9.
This section was originally numbered as §
29-4-715
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-721 - Remedies

Any holder of bonds issued under the provisions of this part 7, or any coupons appertaining thereto and the trustee under any trust agreement or resolution authorizing the issuance of such bonds, except to the extent the rights under this part 7 may be restricted by such trust agreement or resolution, may, either at law or in equity by suit, action, mandamus, or other proceeding, protect and enforce any and all rights under the laws of the state or granted under this part 7 or under such agreement or resolution, or under any other contract executed by the authority pursuant to this part 7, and may enforce and compel the performance of all duties required by this part 7 or by such trust agreement or resolution to be performed by the authority or by an officer thereof.
L. 73: p. 813, § 1. C.R.S. 1963: § 69-11-16.
This section was originally numbered as §
29-4-716
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-722 - Negotiable instruments

Notwithstanding any of the foregoing provisions of this part 7 or any recitals in any bonds issued under the provisions of this part 7, all such bonds and interest coupons appertaining thereto shall be negotiable instruments under the laws of this state, subject only to any applicable provisions for registration.
L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-17.
This section was originally numbered as §
29-4-717
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-723 - Bonds eligible for investment

Bonds issued under the provisions of this part 7 are hereby made securities in which all insurance companies, trust companies, banking associations, savings and loan associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Public entities, as defined in section
24-75-601(1)
, C.R.S., may invest public funds in such bonds only if said bonds satisfy the investment requirements established in part 6 of article
75
of title
24
, C.R.S. Such bonds are hereby made securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds, notes, or obligations of the state is authorized by law.
L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-18. L. 89: Entire section amended, p. 1130, § 69, effective July 1.
This section was originally numbered as §
29-4-718
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-724 - Refunding bonds

(1)
The board may provide for the issuance of refunding obligations of the authority for the purpose of refunding any obligations then outstanding that have been issued under this part 7 or issued by other public entities, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such obligations, and for any corporate purpose of the authority.
(2)
Refunding obligations issued as provided in subsection (1) of this section may be sold or exchanged for outstanding obligations being refunded, and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of such outstanding obligations. Pending the application of the proceeds of any such refunding obligations, with any other available funds, to the payment of the principal, the accrued interest, and any redemption premium on the obligations being refunded and, if so provided or permitted in the resolution authorizing the issuance of such refunding obligations or in the trust agreement securing the same, to the payment of any interest on such refunding obligations and any expenses in connection with such refunding, such proceeds may be invested in securities meeting the investment requirements established by the authority, which shall mature or which shall be subject to redemption by the holders thereof, at the option of such holders, not later than the respective dates when the proceeds, together with the interest accruing thereon, will be required for the purposes intended.
L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-19. L. 75: Entire section R&RE, p. 981, § 13, effective April 9. L. 89: (2) amended, p. 1113, § 21, effective July 1. L. 2007: Entire section amended, p. 710, § 12, effective May 3.
This section was originally numbered as §
29-4-719
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-725 - Nonliability of state for bonds

The state of Colorado shall not be liable for bonds of the authority, and such bonds shall not constitute a debt of the state. The bonds shall contain on the face thereof a statement to such effect.
L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-20.
This section was originally numbered as §
29-4-720
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-726 - Members of authority not personally liable on bonds

Neither the members of the board nor any authorized person executing bonds issued pursuant to this part 7 shall be personally liable for such bonds by reason of the execution or issuance thereof.
L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-21.
This section was originally numbered as §
29-4-721
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-728 - Revolving fund established

(1)
The board shall establish a revolving fund and shall pay into such revolving fund any moneys made available by the federal, state, or local government for the purpose of assisting in the provision of housing facilities for low- and moderate-income families. The board shall also deposit in such fund any other moneys which may be available to the authority for its general purposes from any source or sources other than proceeds from the issuance and sale of bonds by the authority.
(2)
All moneys held in the revolving fund, including but not limited to income or interest earned by, or any other increment to, such fund shall be used by the board for its general purposes, and to the extent authorized by the board any such moneys in excess of the amount required to make and keep the authority self-supporting shall be deposited to a surplus fund. Any such surplus moneys may from time to time, at the board's discretion, be forwarded to the state treasurer for deposit in the state general fund.
L. 73: p. 814, § 1. C.R.S. 1963: § 69-11-23.
This section was originally numbered as §
29-4-723
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-729 - Reporting

(1)
The authority shall submit to the governor and the health, environment, welfare, and institutions committees of the house of representatives and the senate within six months after the end of the fiscal year a report that shall set forth a complete and detailed operating and financial statement of the authority during such year. Also included in the report shall be any recommendations with reference to additional legislation or other action that may be necessary to carry out the purposes of the authority.
(2)
On or before December 31, 2001, the authority, acting through the program, created and administered by the authority, commonly known as E-Star Colorado, or the successor to such program, shall submit to the governor and general assembly an assessment of existing energy conservation and efficiency programs and standards established by the state, local governmental entities, or private entities. The assessment shall include a comparison of such programs and standards to similar programs and standards adopted in other states, as well as an evaluation of the effectiveness of voluntary performance programs and other financial incentives. The authority, on behalf of E-Star Colorado, may accept and expend moneys from gifts, grants, and donations to help defray the expenses of providing the assessment required under this subsection (2).
L. 73: p. 815, § 1. C.R.S. 1963: § 69-11-24. L. 2001: Entire section amended, p. 1178, § 12, effective August 8; entire section amended, p. 1093, § 3, effective August 8. L. 2003: (1) amended, p. 2013, § 106, effective May 22.
(1) This section was originally numbered as §
29-4-724
in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
(2) Amendments to this section by Senate Bill 01-208 and House Bill 01-1381 were harmonized.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-730 - Powers of the authority - investments

(1)
The authority has the power:
(a)
To invest any funds held in reserve, sinking funds, capital reserve funds, or any funds not required for immediate disbursement in property or in securities in which the state treasurer may legally invest funds subject to his control; and to sell from time to time such securities thus purchased and held; and to deposit any securities in any trust bank within or without the state. Any funds deposited in a banking institution or in any depository authorized in section
24-75-603
, C.R.S., shall be secured in such manner and subject to such terms and conditions as the board may determine, with or without payment of any interest on such deposit, including, without limitation, time deposits evidenced by certificates of deposit. Any commercial bank incorporated under the laws of this state which may act as depository of any funds of the authority may issue indemnifying bonds or may pledge such securities as may be required by the board.
(b)
Notwithstanding the provisions of paragraph (a) of this subsection (1), to contract with the holders of any of its notes or bonds as to the custody, collection, securing, investment, and payment of any moneys of the authority and of any moneys held in trust or otherwise for the payment of notes or bonds and to carry out such contract. Moneys held in trust or otherwise for the payment of notes or bonds or in any way to secure notes or bonds and deposits of such moneys may be secured in the same manner as moneys of the authority, and all banks and trust companies are authorized to give such security for such deposits.
(c)
To authorize a corporate trustee which holds funds of the authority pursuant to a bond or note resolution or a trust indenture between such trustee and the authority to invest or reinvest such funds in any investments, other than those specified in paragraph (a) of this subsection (1), if the board determines by resolution, including but not limited to a bond or note resolution, that, as of the date of such resolution:
(I)
Such investments meet the standard for investments established in section
15-1-304
, C.R.S.;
(II)
The income on such investments is at least comparable to income then available on the investments permitted in paragraph (a) of this subsection (1); and
(III)
Such investments assist the authority in carrying out its public purposes as described in this part 7.
L. 75: Entire section added, p. 982, § 14, effective April 23. L. 79: (1)(a) amended, p. 1618, § 19, effective June 8. L. 85: (1) amended and (1)(c) added, p. 1040, § 3, effective July 1. L. 87: (1)(c)(III) amended, p. 1195, § 13, effective May 20.
This section was enacted as §
29-4-725
in House Bill 75-1026 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-731 - Agreement of this state

This state does hereby pledge to and agree with the holders of any notes or bonds issued under this part 7 that this state will not limit or alter the rights hereby vested in the authority to fulfill the terms of any agreements made with the said holders thereof or in any way impair the rights and remedies of such holders until such notes and bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders are fully met and discharged. The authority is authorized to include this pledge and agreement of this state in any agreement with the holders of such notes or bonds.
L. 75: Entire section added, p. 982, § 14, effective April 9.
This section was enacted as §
29-4-726
in House Bill 75-1026 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-732 - This part 7 not a limitation of powers

Nothing in this part 7 shall be construed as a restriction or limitation upon any other powers which the authority might otherwise have under any other law of this state, and this part 7 is cumulative to any such powers. This part 7 does and shall be construed to provide a complete, additional, and alternative method for the doing of the things authorized thereby and shall be regarded as supplemental and additional to powers conferred by other laws. However, the issuance of bonds, notes, and other obligations and refunding bonds under the provisions of this part 7 need not comply with the requirements of any other state law applicable to the issuance of bonds, notes, and other obligations. No proceedings, notice, or approval shall be required for the issuance of any bonds, notes, or other obligations or any instrument as security therefor, except as is provided in this part 7.
L. 75: Entire section added, p. 983, § 14, effective April 9.
This section was enacted as §
29-4-727
in House Bill 75-1026 but was renumbered on revision in the 1977 replacement volume for ease of location.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-733 - [Repealed]

L. 82: Entire section added, p. 470, § 13, effective April 23. L. 87: Entire section repealed, p. 1197, § 21, effective May 20.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-734 - Termination of powers

On and after June 30, 1992, the authority may not make equity investments pursuant to the powers granted to the authority by section
29-4-719.1(2)(d)
. The authority may continue to discharge all present and future obligations regarding equity investments made prior to June 30, 1992.
L. 87: Entire section added, p. 1196, § 14, effective May 20.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 7 - HOUSING AND BUSINESS DEVELOPMENT AND FINANCING (§§ 29-4-701 — 29-4-735) › Section 29-4-735 - Colorado strategic seed fund council - creation

(1)
There is hereby created the Colorado strategic seed fund council. Said council shall be composed of nine members, as follows: Four venture capitalists, one management consultant, and two institutional investors, all of whom shall be appointed by the governor, and one member appointed by the president of the senate and one member appointed by the speaker of the house of representatives. The members of the council shall be confirmed by the senate and shall serve for terms of four years; except that, of the members first appointed, three shall be appointed for terms of two years, three shall be appointed for terms of three years, and three shall be appointed for terms of four years.
(2)
At the request of the board, the Colorado strategic seed fund council shall provide advice to the authority from time to time as to the criteria to be used in making loans, and the council shall make recommendations to the board with respect to the board's determinations regarding such loans from the Colorado strategic seed fund to operating seed funds. Said council shall receive reports from the authority regarding the operations and investments of the operating seed funds and shall make an annual report on the operating seed funds to the health and human services committees of the house of representatives and the senate, or any successor committees.
L. 88: Entire section added, p. 1103, § 3, effective May 29. L. 2001: (2) amended, p. 1178, § 13, effective August 8. L. 2003: (2) amended, p. 2013, § 107, effective May 22. L. 2007: (2) amended, p. 2045, § 82, effective June 1.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 8 - [Repealed] (§ 29-4-801) › Section 29-4-801 - to 29-4-811 - [Repealed]

L. 87: Entire part repealed, p. 997, § 2, effective May 20.
This part 8 was added in 1982.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 9 - [Repealed] (§ 29-4-901) › Section 29-4-901 - to 29-4-909 - [Repealed]

(1) This part 9 was added in 1991.
(2) Section 29-4-909 provided for the repeal of this part 9, effective July 1, 1995. (See L. 91, p. 741.)
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 10 - RENT REPORTING FOR CREDIT PILOT PROGRAM (§§ 29-4-1001 — 29-4-1006) › Section 29-4-1001 - Short title

The short title of this part 10 is the "Rent Reporting for Credit Pilot Program Act".
Added by 2021 Ch. 379,§3, eff. 6/29/2021.
L. 2021: Entire part added, (HB 21-1134), ch. 2537, p. 2537, § 3, effective June 29.
For the legislative declaration in HB 21-1134, see section 1 of chapter 379, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 10 - RENT REPORTING FOR CREDIT PILOT PROGRAM (§§ 29-4-1001 — 29-4-1006) › Section 29-4-1002 - Definitions

As used in this part 10, unless the context otherwise requires:
(1)
"Authority" means the Colorado housing and finance authority created in section
29-4-704
.
(2)
"Consumer reporting agency" has the meaning set forth in
15 U.S.C. sec. 1681a(f)
.
(3)
"Contractor" means the contractor with which the authority contracts to administer the pilot program pursuant to section
29-4-1003(2)
.
(4)
"Dwelling unit" has the meaning set forth in section
38-12-502(3)
.
(5)
"Financial education course" means an educational course that provides information about the importance of building and maintaining good credit, including a financial education course offered by or through a local bank, a nonprofit organization, the authority, a housing authority, a state government agency, a local government agency, or any third party under contract with any such entity.
(6)
"Landlord" has the meaning set forth in section
38-12-502(5)
.
(7)
"Participant landlord" means a landlord that has agreed in writing to participate in the pilot program and has satisfied the requirements described in section
29-4-1003(3)(b)
.
(8)
"Participant tenant" means a tenant that has elected to participate in the pilot program and satisfied the requirements described in section
29-4-1003(4)
and whose landlord is a participant landlord.
(9)
"Pilot program" means the rent reporting for credit pilot program created in section
29-4-1003
.
(10)
"Rent payment information" means information concerning a tenant's timely payment of rent, untimely payment of rent, or nonpayment of rent. "Rent payment information" does not include information concerning a tenant's payment or nonpayment of any fees.
(11)
"Tenant" has the meaning set forth in section
38-12-502(9)
.
Added by 2021 Ch. 379,§3, eff. 6/29/2021.
L. 2021: Entire part added, (HB 21-1134), ch. 2537, p. 2537, § 3, effective June 29.
For the legislative declaration in HB 21-1134, see section 1 of chapter 379, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 10 - RENT REPORTING FOR CREDIT PILOT PROGRAM (§§ 29-4-1001 — 29-4-1006) › Section 29-4-1004 - Rent reporting for credit pilot program - rules

(1)
On or before October 1, 2021, the authority shall establish rules for the administration of the pilot program. At a minimum, the rules must:
(a)
Include a list of financial education courses that tenants may complete in order to participate in the pilot program, including online classes sorted by location and, to the extent practicable, addresses, phone numbers, websites, and other contact information;
(b)
Ensure that each participant landlord reports only rent payment information concerning a participant tenant's payment or nonpayment of rent after the date upon which the participant tenant elected to participate in the pilot program;
(c)
Establish amounts, schedules, and other terms of compensation for participant landlords pursuant to section
29-4-1003(6)
; and
(d)
Establish a standard form for participant tenants to use to elect to participate or cease participating in the pilot program, which standard form may be electronic and must include:
(I)
A statement that the participant tenant's participation in the pilot program is voluntary and that a participant tenant may cease participating in the pilot program at any time and for any reason by providing notice to the participant tenant's participant landlord;
(II)
A statement that all of the participant tenant's rent payments may be reported, regardless of whether the payments are timely, late, or missed, and that reporting may commence within thirty days after the participant tenant elects to participate in the pilot program;
(III)
A statement that if the participant tenant elects to cease participating in the pilot program, the participant tenant may not resume participating in the pilot program;
(IV)
Instructions describing how to elect to cease participating in the pilot program; and
(V)
A signature block where the participant tenant may sign and date the form.
Added by 2021 Ch. 379,§3, eff. 6/29/2021.
L. 2021: Entire part added, (HB 21-1134), ch. 2540, p. 2540, § 3, effective June 29.
For the legislative declaration in HB 21-1134, see section 1 of chapter 379, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 10 - RENT REPORTING FOR CREDIT PILOT PROGRAM (§§ 29-4-1001 — 29-4-1006) › Section 29-4-1005 - Rent reporting for credit pilot program - report

(1)
On or before June 1, 2024, the authority, in consultation with the contractor, shall submit to the governor and the general assembly a report concerning the pilot program. At a minimum, the report must indicate:
(a)
The number of participant landlords, including an indication as to whether more than ten landlords expressed an interest in participating;
(b)
The number of participant tenants, including the number of participant tenants who ceased participating in the pilot program;
(c)
The demographics of participant tenants, including race, ethnicity, gender, income, and age, as may be voluntarily provided by participant tenants;
(d)
The cost of administering the pilot program;
(e)
The number of residential properties offered by each landlord;
(f)
For each participant landlord:
(I)
The nature of the reporting mechanism used to report participant tenants' rent payment information to consumer reporting agencies; and
(II)
The city and county of each property offered by the participant landlord;
(g)
A short narrative of challenges faced by participant landlords and participant tenants during the pilot program; and
(h)
A simple assessment of how the pilot program, in aggregate, positively or negatively affected participating tenants' credit.
(2)
In addition to the information described in subsection (1) of this section, the report may include any recommendations of the authority concerning the continuation or repeal of the pilot program.
(3)
The authority shall make the report described in subsection (1) of this section available on its public website for at least one year after the authority submits the report.
Added by 2021 Ch. 379,§3, eff. 6/29/2021.
L. 2021: Entire part added, (HB 21-1134), ch. 2541, p. 2541, § 3, effective June 29.
For the legislative declaration in HB 21-1134, see section 1 of chapter 379, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 10 - RENT REPORTING FOR CREDIT PILOT PROGRAM (§§ 29-4-1001 — 29-4-1006) › Section 29-4-1006 - Repeal of part

This part 10 is repealed, effective September 1, 2024.
Added by 2021 Ch. 379,§3, eff. 6/29/2021.
L. 2021: Entire part added, (HB 21-1134), ch. 2542, p. 2542, § 3, effective June 29.
For the legislative declaration in HB 21-1134, see section 1 of chapter 379, Session Laws of Colorado 2021.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1101 - Short title

The short title of this part 11 is the "Middle-income Housing Authority Act".
Added by 2022 Ch. 354,§2, eff. 6/3/2022.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1108 - Relationship of authority and other jurisdictions

(1)
The provision of affordable rental housing by the authority is a matter of statewide concern and therefore each county, municipality, or special district in which an affordable rental housing project is located, in connection with the project, shall provide governmental services of the same character and to the same extent as services provided for other residents of the county, municipality, or special district.
(2)
Notwithstanding the provisions set forth in subsection (1) of this section, the authority may enter into contractual or intergovernmental agreements with any county, municipality, or special district for the provision of any additional community, municipal, or public facilities or services necessary or desirable for any affordable rental housing project.
(3)
Notwithstanding any other provision of law, the state, any state agency, any county, and any municipality in which a project is or is to be located, and any board, authority, agency, department, commission, public corporation, or instrumentality of such county or municipality, has the power to lend or grant money or any other form of property, real, personal, or mixed, to the authority and to enter into contracts to make such loans and grants, all upon which such terms and conditions as the authority and the state, state agency, county, or municipality may agree.
Added by 2022 Ch. 354,§2, eff. 6/3/2022.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1110 - Agreement of the state not to limit or alter rights of obligees

The state pledges and agrees with the holders of any bonds issued under this part 11 and with those parties who enter into contracts with the authority that the state will not impair the rights vested in the authority or the rights or obligations of any person with which the authority contracts to fulfill the terms of any agreements made pursuant to this part 11. The state further agrees that it will not impair the rights or remedies of the holders of any bonds of the authority until the bonds have been paid or until adequate provision for payment has been made. The authority may include this provision and undertaking for the state in the bonds.
Added by 2022 Ch. 354,§2, eff. 6/3/2022.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1111 - Issuance of funds to the authority

On July 1, 2022, the state treasurer shall issue to the authority a warrant paid from the general fund in an amount equal to one million dollars for use by the authority consistent with the provisions of this part 11.
Added by 2022 Ch. 354,§2, eff. 6/3/2022.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1112 - No action maintainable

An action or proceeding at law or in equity to review any acts or proceedings or to question the validity or enjoin the performance of any act or proceedings or the issuance of any bonds or for any other relief against or from any acts or proceedings done under this part 11, whether based upon irregularities or jurisdictional defects, shall not be maintained unless commenced within thirty days after the performance of the act or proceedings or the effective date of the acts or proceedings, whichever occurs first, and is thereafter perpetually barred.
Added by 2022 Ch. 354,§2, eff. 6/3/2022.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1113 - Judicial examination of powers, acts, proceedings, or contracts of the authority

In its discretion, the board may file a petition at any time in the district court in and for any county in which the authority is located wholly or in part, or in which the authority intends to conduct activities, seeking a judicial examination and determination of any power conferred to the authority, any revenue-raising power exercised or that may be exercised by the authority, or any act, proceeding, or contract of the authority, whether or not the act or proceeding has occurred or the contract has been executed. The judicial examination and determination must be conducted in substantially the manner set forth in section
32-4-540
; except that the notice required must be published once a week for three consecutive weeks and the hearing must be held not less than thirty days nor more than forty days after the filing of the petition.
Added by 2022 Ch. 354,§2, eff. 6/3/2022.
2023 Colorado Revised Statutes › Title 29 - GOVERNMENT - LOCAL (§§ 29-1-101 — 29-37-210) › HOUSING (§§ 29-4-101 — 29-4-1208) › Article 4 - Housing (§§ 29-4-101 — 29-4-1208) › Part 11 - MIDDLE-INCOME HOUSING AUTHORITY (§§ 29-4-1101 — 29-4-1115) › Section 29-4-1114 - This part 11 not a limitation of powers

Nothing in this part 11 constitutes a restriction or limitation upon any other powers that the authority might otherwise have under any other law of the state, and this part 11 is cumulative to any such powers. This part 11 does and is construed to provide a complete, additional, and alternative method for acting in any manner authorized thereby and is supplemental and additional to powers conferred by other laws.
Added by 2022 Ch. 354,§2, eff. 6/3/2022.