§ 25-25-118 — Exemption from taxation - securities law

Colorado § 25-25-118

• Jurisdiction: Colorado
• Title 25: Public
• Art.: Colorado Health Facilities Authority

Text

The authority is
hereby declared to be a public instrumentality of the state, performing a public
function for the benefit of the people of the state for the improvement of their
health and living conditions. Accordingly, the income or other revenues of the
authority, all properties at any time owned by the authority, any bonds, notes, or
other obligations issued under this article, the transfer thereof and the income
therefrom, including any profit made on the sale thereof, and all mortgages, leases,
trust indentures, and other documents issued in connection therewith shall be
exempt at all times from all taxation and assessments in the state of Colorado.
Bonds issued by the authority shall also be exempt from the Colorado Securities
Act, article 51 of title 11, C.R.S.

Legislative History

Source: L. 77: Entire article added, p. 1316, � 1, effective July 1. L. 90: Entire section amended, p. 741, � 7, effective July 1.