The general assembly hereby declares that the orderly refunding of any revenue obligation or any general obligation bond and any other lawful general obligation indebtedness by any public body of the state, as defined in section 11-56-103 (7), when advantageous to the public body or persons within the public body, will serve a public use and will promote the health, safety, security, and general welfare of the inhabitants thereof and of the people of the state of Colorado. It is the intent of this article to provide a consistent mechanism for refunding for such public bodies of the state.
Source: L. 77: Entire article added, p. 582, § 1, effective July 1.
Structure Colorado Code
Title 11 - Financial Institutions
Article 56 - Public Securities Refunding Act
§ 11-56-102. Legislative Declaration - Applicability
§ 11-56-104. Purpose of Refunding
§ 11-56-104.5. Disclosures by Underwriters of Financial Matters Related to Refunding
§ 11-56-105. General Provisions - Limitations
§ 11-56-106. Refunding With Bonds of Another Type
§ 11-56-108. Application of Bond Proceeds - Procedures - Limitations
§ 11-56-109. Proceeds of Refunding Bonds in Escrow - Investment - Security - Amounts
§ 11-56-110. Sources of Payment - Limitations
§ 11-56-111. Combination of Refunding Bonds and Other Bonds - Limitations
§ 11-56-112. Special Obligation Refunding Bonds
§ 11-56-113. Tax Exemption - Exceptions
§ 11-56-114. Conclusive Determination of Governing Body That Statutory Limitations Have Been Met
§ 11-56-115. Prior Obligations Not Impaired