As used in this article 59, unless the context
otherwise requires:
(1) Appraisal shall have the same meaning as provided in section 12-10-602
(1).
(2) Bond means any bond, debenture, or other obligation authorized to be
issued by any special district, municipal general improvement district, municipal
special improvement district, county local improvement district, or county public
improvement district.
(3) County local improvement district shall have the same meaning as
district provided in section 30-20-602 (2), C.R.S.
(4) County public improvement district shall have the same meaning as
improvement district provided in section 30-20-503 (3), C.R.S.
(5) Depository institution means:
(a) A person that is organized or chartered, or is doing business or holds an
authorization certificate, under the laws of a state or of the United States which
authorize the person to receive deposits, including deposits in savings, shares,
certificates, or other deposit accounts, and that is supervised and examined for the
protection of depositors by an official or agency of a state or the United States; and
(b) A trust company or other institution that is authorized by federal or state
law to exercise fiduciary powers of the type a national bank, is permitted to
exercise under the authority of the comptroller of the currency, and is supervised
and examined by an official or agency of a state or the United States. The term
does not include an insurance company or other organization primarily engaged in
the insurance business.
(6) District means a special district, a municipal improvement district, a
municipal special improvement district, a county local improvement district, or a
county public improvement district.
(7) Division means the division of securities created by section 11-51-701.
(8) Financial institution or institutional investor means any of the following,
whether acting for itself or others in a fiduciary capacity:
(a) A depository institution;
(b) An insurance company;
(c) A separate account of an insurance company;
(d) An investment company registered under the federal Investment
Company Act of 1940;
(e) A business development company as defined in the federal Investment
Company Act of 1940;
(f) Any private business development company as defined in the federal
Investment Advisers Act of 1940;
(g) An employee pension, profit-sharing, or benefit plan if the plan has total
assets in excess of five million dollars or its investment decisions are made by a
named fiduciary, as defined in the federal Employee Retirement Income Security
Act of 1974, that is a broker-dealer registered under the federal Securities
Exchange Act of 1934, an investment adviser registered or exempt from
registration under the federal Investment Advisers Act of 1940, a depository
institution, or an insurance company;
(h) An entity, but not an individual, a substantial part of whose business
activities consist of investing, purchasing, selling, or trading in securities of more
than one issuer and not of its own issue and that has total assets in excess of five
million dollars as of the end of its last fiscal year;
(i) A small business investment company licensed by the federal small
business administration under the federal Small Business Investment Act of 1958;
and
(j) Any other institutional buyer.
(9) General obligation bond means a bond constituting a debt or an
indebtedness of a district backed by the full faith and credit and unlimited mill levy
of such district.
(10) Municipal general improvement district shall have the same meaning
as district provided in section 31-25-602 (1), C.R.S.
(11) Municipal securities rule-making board means the board established
under section 15b of the federal Securities Exchange Act of 1934.
(12) Municipal special improvement district shall have the same meaning as
district provided in section 31-25-501 (1.5), C.R.S.
(13) Person means an individual, a corporation, a partnership, an
association, an estate, a joint-stock company, a trust where the interests of the
beneficiaries are evidenced by a security, an unincorporated organization, a
government, a governmental subdivision or agency, or any other legal entity.
(14) Residential real property shall have the same meaning as provided in
section 39-1-102 (14.5), C.R.S.
(15) Securities commissioner means the commissioner of securities
appointed pursuant to section 11-51-701.
(16) Securities and exchange commission means the commission
established by the federal Securities Exchange Act of 1934.
(17) Special district shall have the same meaning as provided in section 32-1-103 (20), C.R.S.
(18) Taxing district means a special district which is organized or acting
under the provisions of title 32, C.R.S.