An authority may invest or deposit any funds in the manner provided by part 6 of article 75 of title 24, C.R.S. In addition, an authority may direct a corporate trustee that holds funds of the authority to invest or deposit the funds in investments or deposits other than those specified by said part 6 if the board determines, by resolution, that the investment or deposit meets the standard established in section 15-1-304, C.R.S., the income is at least comparable to income available on investments or deposits specified by said part 6, and the investment will assist the authority in the financing, construction, operation, or maintenance of regional transportation systems.
Source: L. 97: Entire part added, p. 497, § 1, effective August 6. L. 2005: Entire section amended, p. 1068, § 14, effective January 1, 2006.
Cross references: For the legislative declaration contained in the 2005 act amending this section, see section 1 of chapter 269, Session Laws of Colorado 2005.
Structure Colorado Code
Part 6 - Regional Transportation Authority Law
§ 43-4-604. Board of Directors
§ 43-4-605.5. Preservation of State Highway Funding - Legislative Declaration
§ 43-4-606. Establishment of Regional Transportation Activity Enterprises
§ 43-4-607. Traffic Laws - Toll Collection
§ 43-4-607.5. Streetscape Enhancements - Local and Private Authority
§ 43-4-608. Local Improvement Districts
§ 43-4-610. Cooperative Powers
§ 43-4-611. Powers of Governmental Units
§ 43-4-613. Notice - Opportunity for Comment
§ 43-4-614. Notice - Coordination of Information
§ 43-4-615. Agreement of the State Not to Limit or Alter Rights of Obligees
§ 43-4-617. Bonds Eligible for Investment
§ 43-4-618. Exemption From Taxation - Securities Laws
§ 43-4-619. No Action Maintainable
§ 43-4-620. Judicial Examination of Powers, Acts, Proceedings, or Contracts of an Authority
§ 43-4-621. Calculation of Fiscal Year Spending Limit - First Full Fiscal Year's Spending as Base
§ 43-4-622. Exercise of Authority Powers by Transportation Planning Organization