A public entity may elect pursuant to the internal revenue code to treat any stimulus obligation as a specified tax credit bond. Any volume cap allocated to a public entity for stimulus obligations of the same type as a stimulus obligation for which such an election has been made shall apply to the stimulus obligation.
Source: L. 2010: Entire section added, (SB 10-200), ch. 234, p. 1028, § 3, effective May 18.
Structure Colorado Code
Title 11 - Financial Institutions
Article 59.7 - Colorado Recovery and Reinvestment Finance Act of 2009
§ 11-59.7-102. Legislative Declaration
§ 11-59.7-104. Stimulus Obligations Authorized Under State Law - Ancillary Agreements
§ 11-59.7-105. Federal Tax Credits - Federal Direct Payments
§ 11-59.7-106. Qualified School Construction Bond Volume Cap - Rules
§ 11-59.7-107. Qualified Energy Conservation Bond Volume Cap - Rules
§ 11-59.7-109. Qualified Zone Academy Bond Volume Cap - Rules
§ 11-59.7-110. Recovery and Reinvestment Act Finance Authorities
§ 11-59.7-111. Reporting Requirements
§ 11-59.7-112. No Limitation on Powers
§ 11-59.7-113. Executive Orders Authorized