§ 22-42-125 — Public disclosure of terms of sale

(1) Whenever school bonds
are sold, the board of the district selling the same shall cause to be prepared and
filed with the department of education, within ten days after said sale, a report
setting forth a description of the bond issue, the applicable interest rate, including
the net effective interest rate, other terms of the sale, and applicable statistical,
comparative bond market data, ratings, and indices relative to prevailing market
conditions prior to and at the time of said sale, and explaining the reasons why it
was necessary, if it was, that the bonds be sold at a negotiated sale instead of by
public competitive bidding. The department of education may request additional
information from the school district or from the purchaser of the bonds regarding
terms of the sale.

(2) One or more copies of said report shall be retained on file at the
administrative headquarters of the district, and a copy thereof shall be made
available upon written request to any officer or representative of any organization
of Colorado school districts.

Legislative History

Source: L. 70: p. 336, � 12. C.R.S. 1963: � 123-11-26.