§ 25-8.5-113 — Revenue refunding bonds

Colorado § 25-8.5-113

• Jurisdiction: Colorado
• Title 25: Public
• Art.: Cherry Creek Basin Water Quality Authority

Text

Any revenue bonds issued by the
authority may be refunded by the authority, or by any successor thereof, in the
name of the authority, subject to the provisions concerning their payment and to
any other contractual limitations in the proceedings authorizing their issuance or
otherwise appertaining thereto, by the issuance of bonds to refund, pay, and
discharge all or any part of such outstanding bonds, including any interest on the
bonds in arrears or about to become due, for the purpose of avoiding or terminating
any default in the payment of the interest on and principal of the bonds, of reducing
interest costs or effecting other economies, or of modifying or eliminating
restrictive contractual limitations appertaining to the issuance of additional bonds
or to any system appertaining thereto or for any combination of such purposes.
Refunding bonds may be delivered in exchange for the outstanding bonds refunded
or may be sold as provided in this article for an original issue of bonds.

Legislative History

Source: L. 88: Entire article added, p. 1036, � 1, effective April 28.