By authorizing the formation of a certified capital company, the state does not necessarily endorse the quality of management or the potential for earnings of such company and is not liable for damages or losses to a certified investor in the company. Use of the word "certified" in an offering does not constitute a recommendation or endorsement of the investment by the Colorado office of economic development. If any applicable provisions of the "Certified Capital Company Act" are violated, the state may require forfeiture of unused premium tax credits and repayment of used premium tax credits.
Source: L. 2001: Entire article added, p. 1528, § 1, effective June 9. L. 2004: (2)(d) and (5) amended, p. 25, § 3, effective March 4; (2)(d) and (5) amended, p. 45, § 3, effective March 4.
Cross references: For the legislative declaration contained in the 2004 act amending subsections (2)(d) and (5), see section 1 of chapter 11, Session Laws of Colorado 2004. For the legislative declaration contained in the 2004 act amending subsections (2)(d) and (5), see section 1 of chapter 12, Session Laws of Colorado 2004.
Structure Colorado Code
Article 3.5 - Certified Capital Companies
§ 10-3.5-102. Legislative Declaration
§ 10-3.5-104. Certification - Fees
§ 10-3.5-105. Premium Tax Credit
§ 10-3.5-106. Aggregate Limitations on Credits
§ 10-3.5-107. Requirements for Continuance of Certification - Fees
§ 10-3.5-108. Distributions - Remittance of Portion of Proceeds