Colorado § 22-41-104.5 Other financial transactions

Colorado Statutes

§ 22-41-104.5 — Other financial transactions

Colorado § 22-41-104.5

Title 22Education

Art.Public School Fund

This text of Colorado § 22-41-104.5 (Other financial transactions) 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. § 22-41-104.5 (2026).

Text

(1)The state treasurer may engage in financial transactions whereby:

(a)Obligations are purchased with moneys accrued or accruing to the public school fund under an agreement providing for the resale of such obligations to the original seller at a stated price together with a payment to the fund of interest for the period the fund holds the obligations, but the market value of such obligations shall at all times be at least equal to the total purchase price;

(b)Obligations owned by the fund are sold under an agreement providing for the repurchase of such obligations by the fund at a stated price together with the payment to the buyer of interest for the period the buyer holds the obligations; (b.5) Loans are made to school districts under the provisions of section 3 of articl

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(1) The state treasurer may
engage in financial transactions whereby:

(a) Obligations are purchased with moneys accrued or accruing to the public
school fund under an agreement providing for the resale of such obligations to the
original seller at a stated price together with a payment to the fund of interest for
the period the fund holds the obligations, but the market value of such obligations
shall at all times be at least equal to the total purchase price;

(b) Obligations owned by the fund are sold under an agreement providing for
the repurchase of such obligations by the fund at a stated price together with the
payment to the buyer of interest for the period the buyer holds the obligations;

(b.5) Loans are made to school districts under the provisions of section 3 of
article IX of the state constitution;

(c) Obligations owned by the fund are delivered to reputable and financially
responsible dealers in such obligations under an agreement which provides:

(I) For the replacement thereof with obligations of the same kind and amount
upon demand therefor by the state treasurer; and

(II) For the payment to the state treasury by said dealer of a commission or
other compensation, based upon the amount of such obligations, for the period of
time between the delivery of such obligations to such dealer and the replacement
thereof; and

(III) For the pledge and delivery by said dealer to the state treasury of other
obligations which are lawful investments having a market value at all times equal to
at least the market value of the obligations so delivered to guarantee the
replacement of such obligations.

(d) (Repeal provision deleted by revision.)

(2) The state treasurer may make such arrangements for the custody,
safekeeping, and registration of obligations as will enable him to make prompt
delivery thereof upon maturity or in the event of sale.

Legislative History

Source: L. 77: Entire section added, p. 1058, � 1, effective June 1; (1)(b) and (1)(c) repealed, p. 1059, � 1, effective July 1. L. 81: (1)(b) and (1)(c) RC&RE, p. 1069, � 2, effective May 21. L. 97: (1)(b.5) added, p. 852, � 40, effective May 21.