Colorado § 43-4-708 Investments

Colorado Statutes

§ 43-4-708 — Investments

Colorado·Title 43 Transportation·Art. Financing

(1)Any proceeds from the issuance of revenue anticipation notes or any other moneys relating to such notes that are credited to the state highway supplementary fund shall be invested in the same manner as all other moneys credited to said fund as provided by law.

(2)The executive director, in consultation with the state treasurer, may direct a corporate trustee that holds any proceeds from the issuance of revenue anticipation notes or any other moneys paid to such trustee in connection with such notes to invest or deposit such moneys in investments or deposits other than those in which moneys in the state highway supplementary fund may be invested or deposited if the executive director, in consultation with the state treasurer, determines that such investment or deposit meets t

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(1) Any proceeds from the issuance of revenue
anticipation notes or any other moneys relating to such notes that are credited to
the state highway supplementary fund shall be invested in the same manner as all
other moneys credited to said fund as provided by law.

(2) The executive director, in consultation with the state treasurer, may
direct a corporate trustee that holds any proceeds from the issuance of revenue
anticipation notes or any other moneys paid to such trustee in connection with such
notes to invest or deposit such moneys in investments or deposits other than those
in which moneys in the state highway supplementary fund may be invested or
deposited if the executive director, in consultation with the state treasurer,
determines that such 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 of moneys in the state highway supplementary fund, and
the investment will assist the department in the financing, construction, operation,
or maintenance of qualified federal aid transportation projects.

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