(2.7) A qualified charter school that has financed capital construction with qualified charter school bonds shall confirm a stand-alone credit assessment or rating of at least investment grade by a nationally recognized rating agency on its outstanding qualified charter school bonds at the time of the issuance of any new charter school bonds.
Source: L. 2002: Entire part added, p. 1763, § 31, effective June 7. L. 2003: (1)(b), (1)(c), (1)(d), (1)(e), and (2)(a) amended and (1)(c.5) and (4) added, pp. 1803, 1804, §§ 3, 4, effective May 21. L. 2004: (1)(b) amended, p. 1635, § 38, effective July 1. L. 2006: (2)(a) amended, p. 590, § 1, effective April 24; (1) amended, p. 1494, § 26, effective June 1. L. 2011: (1)(b.5), (1.5), (2)(c), and (2.7) added, (SB 11-188), ch. 186, pp. 713, 714, §§ 3, 5, 4, effective July 1. L. 2012: (2)(d) added, (SB 12-150), ch. 196, p. 786, § 3, effective May 24. L. 2014: (2)(a) and (2)(c)(II) amended, (HB 14-1292), ch. 243, p. 916, § 19, effective May 21. L. 2021: (2)(a) amended, (SB 21-157), ch. 35, p. 139, § 1, effective September 7.
Editor's note: Subsection (4) was originally enacted as subsection (3) in House Bill 03-1021, but has been renumbered on revision for ease of location.
Cross references: For the short title ("Student Success Act") in HB 14-1292, see section 1 of chapter 243, Session Laws of Colorado 2014.
Structure Colorado Code
Article 30.5 - Charter Schools
Part 4 - Charter School Capital Facilities Financing Act
§ 22-30.5-402. Legislative Declaration
§ 22-30.5-405. Mill Levy for Charter School Capital Construction
§ 22-30.5-406. Direct Payment of Charter School Bonds by the State Treasurer and School Districts
§ 22-30.5-409. Annual Reports on Bonds Issued on Behalf of Charter Schools - Review by State Auditor