Colorado § 11-58-103 Definitions

Colorado Statutes

§ 11-58-103 — Definitions

Colorado·Title 11 Financial·Art. Public Securities Information

As used in this article, unless the context otherwise requires:

(1)Annual information report means a written report completed on forms prescribed by the director of the department of local affairs.

(2)Conduit financing means an outstanding nonrated public security for which a private profit making or nonprofit making issuer constitutes the ultimate credit source for the security.

(3)(Deleted by amendment, L. 2002, p. 541, � 1, effective October 1, 2002.)

(4)Issued to the public means offers and sales of nonrated public securities by an issuer except to the extent such securities have been offered and sold in accordance with federal rule 15c 2-12 (d)(1) of the federal Securities Exchange Act of 1934.

(5)Issuer means the state, any political subdivision thereof, and any dis

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As used in this article, unless the context otherwise
requires:

(1) Annual information report means a written report completed on forms
prescribed by the director of the department of local affairs.

(2) Conduit financing means an outstanding nonrated public security for
which a private profit making or nonprofit making issuer constitutes the ultimate
credit source for the security.

(3) (Deleted by amendment, L. 2002, p. 541, � 1, effective October 1, 2002.)

(4) Issued to the public means offers and sales of nonrated public
securities by an issuer except to the extent such securities have been offered and
sold in accordance with federal rule 15c 2-12 (d)(1) of the federal Securities
Exchange Act of 1934.

(5) Issuer means the state, any political subdivision thereof, and any
district, board, commission, authority, or other public corporate body issuing any
nonrated public securities in Colorado.

(6) Make public means to file the annual information report with the
department of local affairs.

(7) National rating service means Moody's Investors Service, Inc., Standard
and Poor's Corporation, Fitch Investors Service, Inc., or any other nationally
recognized organization which regularly rates public securities.

(8) Nonrated public securities means bonds, notes, warrants, certificates,
or other securities evidencing loans or the advancement of moneys which have
been issued to the public by or on behalf of an issuer and have not been rated by a
national rating service, but excluding conduit financing and any such obligation
payable in full within one year after the date of its issuance; except that nothing in
this article shall be construed to apply to any bond, note warrant, certificate, or
other security issued for less than one million dollars.

(9) Outstanding in connection with any nonrated public security, means
any nonrated public security which at the time has been issued, authenticated, and
delivered under a financing document, and which has not been paid in full,
canceled, or deemed paid and which is otherwise outstanding in accordance with
the terms of such financing document.

Colorado § 11-58-103 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 91: Entire article added, p. 667, � 1, effective June 1. L. 2002: (1), (3), and (6) amended, p. 541, � 1, effective October 1. L. 2004: (4) amended, p. 950, � 5, effective May 21.