Colorado § 32-9-140 Sale of securities

Colorado Statutes

§ 32-9-140 — Sale of securities

Colorado § 32-9-140

Title 32Special

Art.Regional Transportation District Act

This text of Colorado § 32-9-140 (Sale of securities) 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. § 32-9-140 (2026).

Text

(1)Any securities authorized in this article, except for warrants not issued for cash, and except for temporary bonds issued pending preparation of definitive bonds, shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the board's option, below par, at a discount not exceeding seven percent of the principal amount thereof, but such securities 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 security sale to any purchaser or bidder, directly or indirectly.

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(1) Any securities authorized in this article,
except for warrants not issued for cash, and except for temporary bonds issued
pending preparation of definitive bonds, shall be sold at public or private sale for
not less than the principal amount thereof and accrued interest, or at the board's
option, below par, at a discount not exceeding seven percent of the principal
amount thereof, but such securities 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 security sale to any purchaser or
bidder, directly or indirectly.