Colorado § 23-15-122 Investment of funds

Colorado Statutes

§ 23-15-122 — Investment of funds

Colorado·Title 23 Postsecondary Education·Art. Colorado Educational and Cultural

The authority may invest the proceeds from
the sale of a series of bonds or any funds related to the series in such securities and
other investments, whether or not any such investment or reinvestment is
authorized under any other law of this state, as may be provided in the proceedings
under which the series of bonds are authorized to be issued, including but not
limited to the following: Bonds or other obligations of the United States; bonds or
other obligations, the payment of the principal and interest of which is
unconditionally guaranteed by the United States; obligations issued or guaranteed
as to principal and interest by any agency or person controlled or supervised by and
acting as an instrumentality of the United States pursuant to authority granted by
the congress of 

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The authority may invest the proceeds from
the sale of a series of bonds or any funds related to the series in such securities and
other investments, whether or not any such investment or reinvestment is
authorized under any other law of this state, as may be provided in the proceedings
under which the series of bonds are authorized to be issued, including but not
limited to the following: Bonds or other obligations of the United States; bonds or
other obligations, the payment of the principal and interest of which is
unconditionally guaranteed by the United States; obligations issued or guaranteed
as to principal and interest by any agency or person controlled or supervised by and
acting as an instrumentality of the United States pursuant to authority granted by
the congress of the United States; obligations issued or guaranteed by any state of
the United States or any political subdivision of any such state; prime commercial
paper; prime finance company paper; bankers' acceptances drawn on and accepted
by commercial banks; repurchase agreements fully secured by obligations issued
or guaranteed as to principal and interest by the United States or by any person
controlled or supervised by and acting as an instrumentality of the United States
pursuant to authority granted by the congress of the United States; or certificates
of deposit or time deposits issued by commercial banks or savings and loan
associations that are insured by the federal deposit insurance corporation or its
successor. The authority may invest any other funds in the securities as provided in
this section and with such maturities as the authority shall determine if such
maturities are on a date or dates prior to the time that, in the judgment of the
authority, the funds so invested will be required for expenditure. The express
judgment of the authority as to the time that any funds will be required for
expenditure or be redeemable is final and conclusive.

Colorado § 23-15-122 (Investment of funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 81: Entire article added, p. 1110, � 1, effective July 1. L. 83: Entire section R&RE, p. 805, � 5, effective May 25. L. 2004: Entire section amended, p. 153, � 66, effective July 1.