Colorado Statutes
§ 32-7-127 — Use of proceeds of refunding bonds
Colorado § 32-7-127
This text of Colorado § 32-7-127 (Use of proceeds of refunding 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. § 32-7-127 (2026).
Text
The proceeds of refunding
general obligation or revenue bonds shall either be immediately applied to the
retirement of the bonds being refunded or be placed in escrow in any state or
national bank within the state which is a member of the federal deposit insurance
corporation to be applied to the payment of the bonds being refunded upon their
presentation therefor; but, to the extent any incidental expenses have been
capitalized, such refunding bond proceeds may be used to defray such expenses,
and any accrued interest and any premium appertaining to a sale of refunding
bonds may be applied to the payment of the interest thereon and the principal
thereof, or both interest and principal, or may be deposited in a reserve therefor, as
the board may determine. Any such escrow shall n
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Legislative History
Source: L. 72: p. 471, � 1. C.R.S. 1963: � 89-25-27. L. 89: Entire section
amended, p. 1119, � 39, effective July 1.
Nearby Sections
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Common powers - definitions§ 32-1-1003
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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 § 32-7-127, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/32/32-7-127.