Colorado § 11-47-102 Legislative declaration

Colorado Statutes

§ 11-47-102 — Legislative declaration

Colorado § 11-47-102

Title 11Financial

Art.Protection of Deposits of Public Moneys

This text of Colorado § 11-47-102 (Legislative declaration) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 11-47-102 (2026).

Text

(1)The general assembly declares that the purpose of this article is to provide protection of public moneys on deposit in state-chartered and federally chartered savings and loan associations in this state above and beyond the protection provided by the federal deposit insurance corporation or its successor and to ensure prompt payment of deposit liabilities to governmental units in the event of default or insolvency of any such association.

(2)The general assembly further declares that the inclusion of self-insurance pools formed by governmental units within the scope of the provisions of this article is to clarify that such self-insurance pools have been and shall continue to be entitled to protection as provided by the provisions of this article.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The general assembly declares that
the purpose of this article is to provide protection of public moneys on deposit in
state-chartered and federally chartered savings and loan associations in this state
above and beyond the protection provided by the federal deposit insurance
corporation or its successor and to ensure prompt payment of deposit liabilities to
governmental units in the event of default or insolvency of any such association.

(2) The general assembly further declares that the inclusion of self-insurance pools formed by governmental units within the scope of the provisions of
this article is to clarify that such self-insurance pools have been and shall continue
to be entitled to protection as provided by the provisions of this article.

Legislative History

Source: L. 75: Entire article added, p. 399, � 1, effective July 1. L. 88: Entire section amended, p. 428, � 6, effective April 20. L. 2004: (1) amended, p. 141, � 28, effective July 1.