Colorado § 40-15-503.5 Financial assurance - rules

Colorado Statutes

§ 40-15-503.5 — Financial assurance - rules

Colorado § 40-15-503.5

Title 40Utilities

Art.Intrastate Telecommunications Services

This text of Colorado § 40-15-503.5 (Financial assurance - rules) 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. § 40-15-503.5 (2026).

Text

(1)The commission may require regulated telecommunications service providers to post a bond or provide other security as a condition of obtaining a certificate, registration, or operating authority, whichever instrument or instruments apply. In setting the amount of the bond or security, the commission may consider the following criteria:

(a)The financial viability of the service provider, as evidenced by its audited financial statements and its general credit history;

(b)The total amount of deposits made by customers to the provider to obtain service and the aggregate amount of prepayments made by customers for monthly regulated service; and

(c)The history of the provider's statutory payment obligations, including those to the Colorado high cost support mechanism, the Color

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(1) The commission may require
regulated telecommunications service providers to post a bond or provide other
security as a condition of obtaining a certificate, registration, or operating authority,
whichever instrument or instruments apply. In setting the amount of the bond or
security, the commission may consider the following criteria:

(a) The financial viability of the service provider, as evidenced by its audited
financial statements and its general credit history;

(b) The total amount of deposits made by customers to the provider to obtain
service and the aggregate amount of prepayments made by customers for monthly
regulated service; and

(c) The history of the provider's statutory payment obligations, including
those to the Colorado high cost support mechanism, the Colorado telephone relay
system, and the Colorado telecommunications utility fund.

(2) The commission may promulgate rules to implement this section and may
impose additional criteria consistent with this section.

Legislative History

Source: L. 2003: Entire section added, p. 1700, � 7, effective May 14. L. 2013: (1)(c) amended, (SB 13-194), ch. 89, p. 289, � 3, effective April 1. L. 2019: (1)(c) amended, (SB 19-236), ch. 359, p. 3316, � 25, effective May 30.