As used in this article, unless the context otherwise
requires:
(1)Facility means any of the facilities or properties, revenues derived from
the operation of which are pledged to the payment of public securities.
(3)Governing body means the city council, commission, board of county
commissioners, board of trustees, board of directors, or other legislative body of
the public body designated in this article in which body the legislative powers of the
public body are vested.
(4)Issuer means the state or public body issuing any public security.
(6)Net effective interest rate means the net interest cost of public
securities divided by the sum of the products derived by multiplying the principal
amounts of the securities maturing on each matu
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As used in this article, unless the context otherwise
requires:
(1) Facility means any of the facilities or properties, revenues derived from
the operation of which are pledged to the payment of public securities.
(2) Repealed.
(3) Governing body means the city council, commission, board of county
commissioners, board of trustees, board of directors, or other legislative body of
the public body designated in this article in which body the legislative powers of the
public body are vested.
(4) Issuer means the state or public body issuing any public security.
(5) May is permissive.
(6) Net effective interest rate means the net interest cost of public
securities divided by the sum of the products derived by multiplying the principal
amounts of the securities maturing on each maturity date by the number of years
from their date to their respective maturities. In all cases the net effective interest
rate shall be computed without regard to any option of redemption prior to the
designated maturity dates of the public securities.
(7) Net interest cost means the total amount of interest to accrue on public
securities from their dates to their respective maturities, less the amount of any
premium above par, or plus the amount of any discount below par, at which said
public securities are being or have been sold. In all cases the net interest cost shall
be computed without regard to any option of redemption prior to the designated
maturity dates of the public securities.
(8) Ordinance means an ordinance of a city or town or resolution or other
instrument by which a governing body of the state or public body exercising any
power under this article takes formal action and adopts legislative provisions and
matters of some permanency.
(9) Public body of the state means the transportation commission; any
state educational institution, or other state institution, its board of regents, or other
governing body thereof constituting a body corporate; any county; any incorporated
city or incorporated town, whether incorporated or governed under a general act,
special legislative act, or special charter enacted, granted, or adopted pursuant to
article XX of the state constitution, or otherwise; any school district; and any
metropolitan district, metropolitan sewage disposal district, metropolitan water
district, water district, sanitation district, water and sanitation district, water
conservancy district, metropolitan recreation district, health service district, city
housing authority, county housing authority, urban renewal agency, community
redevelopment agency, any other corporate district, any other corporate authority,
any corporate commission, or any other political subdivision of the state
constituting a body corporate.
(10) Public security means a bond, note, warrant, certificate of
indebtedness, or other obligation for the payment of money, issued by the state,
any public body thereof, or any predecessor of any public body of the state, and
payable from designated revenues or special fund, but excluding any obligation
payable from ad valorem taxes, any obligation constituting a debt or an
indebtedness within the meaning of any constitutional, charter, or statutory
limitation, any obligation payable within one year from the date of its issuance, and
any obligation payable from special assessments.
(11) Shall is mandatory.
(12) State means the state of Colorado, and any board, commission,
department, corporation, instrumentality, or agency thereof.
(13) Words used in this article importing singular or plural number may be
construed so that one number includes both; and words importing masculine
gender shall be construed to apply to the feminine gender and to the neuter gender
as well; but these rules of construction shall not apply to any part of this article
containing express provisions excluding such construction, or where the subject
matter or context is repugnant thereto.