Colorado Code
Article 3.5 - Certified Capital Companies
§ 10-3.5-108. Distributions - Remittance of Portion of Proceeds

(A) Report to the division of housing in the department of local affairs the amount of money equal to twenty percent of any further distributions, from an item subject to subparagraph (I) or (III) of paragraph (a) of this subsection (3), above the amount required to produce such ten percent return; except that distributions for items described specifically in sub-subparagraph (A), (B), or (C) of subparagraph (III) of paragraph (a) of this subsection (3) shall either be reported to the division of housing or accrued for reporting at a later date as determined by the economic development commission; and except that in no event shall this sub-subparagraph (A) restrict a certified capital company's ability to make repayments of indebtedness, including making repayments of indebtedness of the certified capital company on which certified investors earned premium tax credits; and
(B) Make the transfers required pursuant to paragraphs (c) and (d) of this subsection (3).

Source: L. 2001: Entire article added, p. 1536, § 1, effective June 9. L. 2004: (1) and (2) amended, p. 1247, § 5, effective May 27; (3)(a) and (3)(b) amended, p. 1327, § 2, effective May 28. L. 2010: (3)(d) amended, (SB 10-175), ch. 188, p. 777, § 6, effective April 29.