Colorado § 29-4-709 Power of board - housing facility plans

Colorado Statutes

§ 29-4-709 — Power of board - housing facility plans

Colorado·Title 29 Government·Art. Housing

(1)The board shall establish criteria for the financial feasibility of any plan for the development of housing facilities to be undertaken with the proceeds of housing facility loans.

(2)If the authority determines that such plan meets the board's criteria, that private financing is not available on reasonably equivalent terms and conditions, and that the necessary means of financing such plan are available to the authority, the authority may accept such plan.

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(1) The board shall
establish criteria for the financial feasibility of any plan for the development of
housing facilities to be undertaken with the proceeds of housing facility loans.

(2) If the authority determines that such plan meets the board's criteria, that
private financing is not available on reasonably equivalent terms and conditions,
and that the necessary means of financing such plan are available to the authority,
the authority may accept such plan.

Colorado § 29-4-709 (Power of board - housing facility plans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 73: p. 809, � 1. C.R.S. 1963: � 69-11-8. L. 75: Entire section amended, p. 973, � 5, effective April 9. L. 2007: Entire section amended, p. 705, � 5, effective May 3.