No official of a governmental unit who acted in good faith in selecting, designating, or approving any eligible public depository for the deposit of public moneys in his custody or under his control shall be liable for any loss of public moneys deposited therein by reason of the occurrence of an event of default with respect to such depository.
Source: L. 75: Entire article added, p. 406, § 1, effective July 1.
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