As used in this part 7, unless the context otherwise requires:
(3.1) "Capital" means funds that are provided for the research, development, refinement, or commercialization of a product or process, and funds that are provided for the operation of a business enterprise, including but not limited to the cost of personnel, rent, administrative services, utilities, insurance, equipment, raw materials, work in progress and stock in trade, or debt service on the financing thereof, or such other corporate purposes as may be approved by the board. "Capital" shall not include the cost of facilities that are financed by the authority as a project pursuant to this part 7.
(3.5) "County" means any county within this state.
(5.1) "Federal government" means the United States and any agency or instrumentality, corporate or otherwise, of the United States.
(5.2) "Financing agreement" includes a lease, sublease, installment purchase agreement, rental agreement, option to purchase, loan agreement, participation agreement, loan purchase agreement, or any other agreement, or any combination thereof, entered into in connection with the financing of a project or housing facility or the provision of capital pursuant to this part 7.
(5.3) "Governing body" means the board, council, officer, or group charged with exercising the legislative power of a government.
(5.4) "Government" means the federal government, the state government, and any county, municipality, or state agency.
(5.5) "Home improvement loan" means a loan of money for the alteration, repair, or improvement of an existing housing facility. The term does not include a loan for a pool, hot tub, or any other construction not directly improving the structural integrity, general appearance, or living conditions within the housing facility.
(12.1) "Municipality" means any city, including without limitation any city or city and county operating under a home rule or special legislative charter, or town within this state.
(12.4) "Project" means a work or improvement that is or will be located in this state, including but not limited to real property, buildings, equipment, furnishings, and any other real and personal property or any interest therein, financed, refinanced, acquired, owned, constructed, reconstructed, extended, rehabilitated, improved, or equipped, directly or indirectly, in whole or in part, by the authority and that is designed and intended for the purpose of providing facilities for manufacturing, warehousing, commercial, recreational, hotel, office, research and development, or other business or economic purposes, including but not limited to machinery and equipment deemed necessary for the operation thereof, excluding raw material, work in process, or stock in trade. "Project" includes more than one project or any portion of a project, but shall not include a housing facility or any portion thereof unless the authority elects to treat such housing facility or portion thereof as a project. "Project" shall not include the financing by the authority of any county or municipal public facilities beyond the boundaries of the project, except to the extent that such facilities are adjacent to the project and support the operation of the project.
(12.5) "Project costs" means the sum total of all costs incurred in the development of a project which are approved by the authority as reasonable and necessary. "Project costs" includes, but is not limited to:
(12.6) "Project plan" means the plan for a project or projects and includes but is not limited to:
(12.8) "Real property" means all lands and franchises and interests in land located within this state, including lands under water and riparian rights, space rights and air rights, and any and all other things usually included within said term. "Real property" includes any and all interests in such property less than full title, such as easements, incorporeal hereditaments, and every estate, interest, or right, legal or equitable.
(12.9) "Small business" means a profit or nonprofit enterprise of small or moderate size, as determined by the board pursuant to regulation taking into consideration such factors as the following:
Source: L. 73: p. 805, § 1. C.R.S. 1963: § 69-11-2. L. 75: (6) amended and (6.5), (7.5), (9), (10), and (11) added, p. 970, § 2, effective April 19. L. 76: (11) amended and (12) added, p. 689, § 2, effective April 19. L. 77: (5), (6), (8), and (9) amended, p. 1416, § 1, effective May 14; (5.5) added, (11) amended, and (12) repealed, pp. 1413, 1415, §§ 2, 6, effective June 19. L. 82: (6) R&RE, p. 471, § 1, effective April 15; (8) amended, (13) R&RE, and (3.5), (5.1), (5.2), (5.3), (5.4), (12.1), (12.4), (12.5), (12.6) (12.8), (12.9), (15), and (16) added, pp. 461, 462, § 2, 3, 4, effective April 23. L. 84: (4.5) added, p. 807, § 1, effective April 13. L. 85: IP(6) amended, p. 1040, § 1, effective July 1. L. 87: (1) to (3), (4), (5.2), (8), (12.4), and IP(13) amended, (3.1) added, and (16) repealed, pp. 1191, 1197, §§ 3, 21, effective May 20. L. 93: (5) amended, p. 1669, § 84, effective July 1. L. 2007: (3), (4.5), (5), (5.2), (5.5), (6), IP(10), (12), and (12.4) amended, p. 703, § 1, effective May 3.
Editor's note: This section was originally numbered as § 29-4-702 in C.R.S. 1973, but this section and the subsections within this section were renumbered on revision in the 1977 replacement volume for ease of location. The definition of "thermal performance improvement loan", added as subsection (12) in 1976 and subsequently repealed in 1977, was renumbered as subsection (14) in the 1977 replacement volume.
Structure Colorado Code
Part 7 - Housing and Business Development and Financing
§ 29-4-702. Legislative Declaration
§ 29-4-703. Definitions - Rules
§ 29-4-704. Colorado Housing and Finance Authority
§ 29-4-704.5. Reference in Contracts and Documents
§ 29-4-707. Disclosure of Interests Required
§ 29-4-708. General Powers of the Authority - Repeal
§ 29-4-709. Power of Board - Housing Facility Plans
§ 29-4-710.5. Powers of the Board - Lease, Sale, or Financing of Projects
§ 29-4-710.6. Powers of the Board - Loans for Capital
§ 29-4-711. Power of Board - Housing Facility Plans - Mortgage Purchase - Loans to Lenders
§ 29-4-713. Power of the Board - Home Improvement Loans
§ 29-4-714. Powers of the Board - Home Improvement Loans - Purchase of Such Loans - Loans to Lenders
§ 29-4-716. Standards for Approval of Organizations
§ 29-4-717. Findings - Percentage of Low-Income Families Required
§ 29-4-719.1. Economic Development Fund
§ 29-4-720. Validity of Any Pledge
§ 29-4-722. Negotiable Instruments
§ 29-4-723. Bonds Eligible for Investment
§ 29-4-725. Nonliability of State for Bonds
§ 29-4-726. Members of Authority Not Personally Liable on Bonds
§ 29-4-727. Property Taxation - Exemption of Bonds From Taxation
§ 29-4-728. Revolving Fund Established
§ 29-4-730. Powers of the Authority - Investments
§ 29-4-731. Agreement of This State
§ 29-4-732. This Part 7 Not a Limitation of Powers