Colorado § 32-15-119 Sale of special obligation bonds

Colorado Statutes

§ 32-15-119 — Sale of special obligation bonds

Colorado § 32-15-119

Title 32Special

Art.Metropolitan Football Stadium District Act

This text of Colorado § 32-15-119 (Sale of special obligation bonds) 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. § 32-15-119 (2026).

Text

(1)Any special obligation bonds issued pursuant to this article shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the option of the board, below par, at a discount not exceeding seven percent of the principal amount thereof, but such special obligation bonds shall never be sold at a price such that the net effective interest rate exceeds the maximum net effective interest rate authorized.

(2)No discount, except as provided in subsection (1) of this section, or commission shall be allowed or paid on or for any sale to any purchaser or bidder, directly or indirectly.

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(1) Any special obligation bonds
issued pursuant to this article shall be sold at public or private sale for not less than
the principal amount thereof and accrued interest, or at the option of the board,
below par, at a discount not exceeding seven percent of the principal amount
thereof, but such special obligation bonds shall never be sold at a price such that
the net effective interest rate exceeds the maximum net effective interest rate
authorized.

(2) No discount, except as provided in subsection (1) of this section, or commission
shall be allowed or paid on or for any sale to any purchaser or bidder, directly or
indirectly.