Colorado § 23-20-129 Bonds

Colorado Statutes

§ 23-20-129 — Bonds

Colorado·Title 23 Postsecondary Education·Art. University of Colorado

(1)The regents of the university of Colorado are hereby authorized to issue bonds as provided in this section for the purpose of obtaining funds for the planning, construction or other acquisition, and equipping of research buildings and facilities, wherever located in the state of Colorado, for the university of Colorado. Any such buildings and facilities shall be related to the research mission of the university.

(2)Such bonds shall be in such amount, shall mature at such time or times, shall bear interest at such rate or rates, and shall otherwise be sold and issued in such manner and on such terms as provided by the regents of the university of Colorado.

(3)Such bonds shall be payable from, and shall be secured by a pledge of, the university of Colorado research building

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The regents of the university of Colorado are hereby
authorized to issue bonds as provided in this section for the purpose of obtaining
funds for the planning, construction or other acquisition, and equipping of research
buildings and facilities, wherever located in the state of Colorado, for the university
of Colorado. Any such buildings and facilities shall be related to the research
mission of the university.

(2) Such bonds shall be in such amount, shall mature at such time or times,
shall bear interest at such rate or rates, and shall otherwise be sold and issued in
such manner and on such terms as provided by the regents of the university of
Colorado.

(3) Such bonds shall be payable from, and shall be secured by a pledge of,
the university of Colorado research building revolving fund created in section 23-20-124, or the revenues and net income of any other designated enterprise auxiliary
facilities that are pledged to the repayment of such bonds pursuant to sections 23-5-102 and 23-5-103, or any combination thereof.

(4) The authority contained in this section shall be in addition to the authority
granted the regents of the university of Colorado to issue anticipation warrants
pursuant to section 23-20-125; except that nothing in this section shall be
construed to authorize the issuance of such bonds if by such issuance the
obligation of any contract entered into with respect to any outstanding anticipation
warrants would thereby be impaired.

(5) Any bonds issued pursuant to this section shall be exempt from taxation
for state, county, school district, special district, municipal, or other purposes in the
state of Colorado.

(6) Bonds issued pursuant to the provisions of this section shall not
constitute a debt or an indebtedness of the state within the meaning of any
applicable provision of the state constitution or state statutes.

Colorado § 23-20-129 (Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 66: p. 19, � 1. C.R.S. 1963: � 124-2-40. L. 68: p. 6, � 2. L. 70: p. 347, � 4. L. 82: Entire section R&RE, p. 343, � 1, effective April 23. L. 86: (1) and (6) amended, p. 830, � 1, effective May 8. L. 91: (6) amended, p. 550, � 2, effective March 1. L. 99: (3) amended, p. 905, � 4, effective August 4. L. 2007: (6) amended, p. 67, � 1, effective August 3.