Colorado Statutes
§ 32-11-544 — Purchase price and interest
Colorado § 32-11-544
This text of Colorado § 32-11-544 (Purchase price and interest) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 32-11-544 (2026).
Text
(1)Any district securities
designated in section 32-11-501 (2) and otherwise issued under this article, as may
be provided by the board in a resolution authorizing their issuance and in any
indenture or other proceedings pertaining thereto, may be issued at, above, or
below par, at a discount not exceeding seven percent of the principal amount of the
securities; but they may not be issued at a price such that the net effective interest
rate of the issue of securities exceeds the maximum net effective interest rate
authorized.
(2)Such district securities shall bear interest at a rate such that the net
effective interest rate of the issue of securities does not exceed the maximum net
effective interest rate authorized.
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Legislative History
Source: L. 69: p. 775, � 86. C.R.S. 1963: � 89-21-86. L. 70: p. 301, � 125.
Nearby Sections
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§ 32-1-1001
Common powers - definitions§ 32-1-1003
Health service districts - additional powers§ 32-1-1009
Regional tourism projects§ 32-1-101
Short title§ 32-1-102
Legislative declaration§ 32-1-103
Definitions§ 32-1-104.8
Information statement regarding taxes and debt§ 32-1-106
Repetitioning of elections - time limits§ 32-1-107
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Correction of faulty notices§ 32-1-109
Early hearingsCite This Page — Counsel Stack
Bluebook (online)
Colorado § 32-11-544, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/32/32-11-544.