The income or other revenue of the district, all properties at any time owned by the district, any bonds issued by the district, and the transfer of and the income from any bonds issued by the district are exempt from all taxation and assessments in the state. In the resolution or indenture authorizing the bonds, the district may waive the exemption from federal income taxation for interest on the bonds.
Source: L. 2021: Entire article added, (SB 21-238), ch. 401, p. 2672, § 1, effective June 30.
Structure Colorado Code
Article 22 - Front Range Passenger Rail District
§ 32-22-103. Front Range Passenger Rail District - Creation - Purpose - Boundaries
§ 32-22-104. Board of Directors - Appointment - Meetings - Compensation - Conflicts of Interest
§ 32-22-105. Board of Directors - Powers and Duties
§ 32-22-106. District - General Powers and Duties - Funds Created
§ 32-22-107. Station Area Improvement Districts
§ 32-22-109. Taxes, Assessments, and Multiple-Fiscal Year Borrowing - Voter Approval Required
§ 32-22-111. Agreement of the State Not to Limit or Alter Rights of Obligees
§ 32-22-113. Bonds Eligible for Investment
§ 32-22-114. Exemption From Taxation - Securities Laws
§ 32-22-115. No Action Maintainable
§ 32-22-116. Judicial Examination of Powers, Acts, Proceedings, or Contracts of the District