§ 33-60-109 — Investments

Colorado § 33-60-109

• Jurisdiction: Colorado
• Title 33: Parks and
• Art.: Great Outdoors Colorado Program

Text

(1) Except as provided in subsection (2) of this
section, any proceeds from the issuance of bonds by the trust fund board that are
credited to the trust fund shall be invested in the same manner as all other moneys
credited to the trust fund as provided by law.

(2) The trust fund board may direct a corporate trustee that holds proceeds
from the issuance of bonds to invest or deposit the proceeds in investments or
deposits other than those authorized for the trust fund if the trust fund board
determines, by resolution, that the investment or deposit meets the standard
established in section 15-1-304, C.R.S., the income is at least comparable to income
available on investments or deposits authorized for the trust fund, and the
investment will assist the trust fund board in making expenditures in furtherance of
the great outdoors Colorado program.

Legislative History

Source: L. 2001: Entire section added, p. 907, � 4, effective June 1.