Colorado Statutes
§ 11-47-102 — Legislative declaration
(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.
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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.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action