Any bonds issued by the trust fund board and the transfer of and the income from any bonds issued by the trust fund board are exempt from all taxation and assessments in the state. In the resolution authorizing the bonds, the trust fund board may waive the exemption from federal income taxation for interest on the bonds.
Source: L. 2001: Entire section added, p. 908, § 4, effective June 1.
Structure Colorado Code
Article 60 - Great Outdoors Colorado Program - Implementation
§ 33-60-101. Legislative Declaration
§ 33-60-104. Distribution of Net Lottery Proceeds Beginning First Quarter of Fiscal Year 1998-99
§ 33-60-105. Use of General Fund Moneys by State Agencies - Prohibition - Cash Funds
§ 33-60-106. Report Required - General Appropriation Act
§ 33-60-107. State Board of the Great Outdoors Colorado Trust Fund
§ 33-60-110. Exemption From Taxation
§ 33-60-111. Bonds Eligible for Investment
§ 33-60-112. No Action Maintainable
§ 33-60-113. Judicial Examination of Powers, Acts, Proceedings, or Contracts of the Trust Fund Board
§ 33-60-114. Submission of Ballot Question Regarding Issuance of Bonds