The provisions of this article shall be administered by the commissioner under the supervision of the financial services board. The financial services board and the commissioner shall have the authority to do all acts necessary and required to carry out the purpose of this article. To this end, the financial services board is empowered to make, amend, and rescind rules and regulations consistent with said provisions and to prescribe a standard form for the statements and reports required to be made or filed by eligible public depositories and to require uniform use of the same. Acts of the commissioner are subject to appeal to the financial services board pursuant to section 11-44-101.8.
Source: L. 75: Entire article added, p. 401, § 1, effective July 1. L. 93: Entire section amended, p. 1453, § 14, effective June 6.
Structure Colorado Code
Title 11 - Financial Institutions
Article 47 - Protection of Deposits of Public Moneys
§ 11-47-102. Legislative Declaration
§ 11-47-104. Administration - Powers of Commissioner and Financial Services Board
§ 11-47-105. Acceptance of Provisions - Designation as Eligible Public Depository
§ 11-47-108. Method of Securing Public Deposits
§ 11-47-109. Where Collateral Held - Right of Substitution - Income Derived
§ 11-47-111. Reports Required - When Filed - Contents
§ 11-47-112. Power and Authority of Financial Services Board
§ 11-47-113. Procedure When Event of Default Occurs
§ 11-47-119. Liability of Officials of Governmental Units
§ 11-47-120. Authority to Accept Deposits - Acceptance of Insured Deposits