§ 32-11-526 — Surrender of district securities by state

Notwithstanding the
provisions of section 32-11-525 or of any other law, this state, acting by and through
the state agency authorizing the acquisition of district bonds or other district
securities, may agree with the board to exchange any outstanding securities of the
district held by the state or any agency, corporation, department, or other
instrumentality of the state, for funding or refunding bonds or other funding
securities of the district, or otherwise to surrender at such price and time and
otherwise upon such conditions and other terms and in such manner as may be
mutually agreeable, such outstanding securities to the state for funding or
refunding or other payment at any time prior to their respective maturities or to any
date as of which the district has the right and option to call on its behalf such
outstanding securities for prior redemption as expressly provided in the
outstanding securities and any resolution, trust indenture, or other proceedings
authorizing their issuance.

Legislative History

Source: L. 69: p. 771, � 68. C.R.S. 1963: � 89-21-68.