LEG00050

• Bill Number: SB03-236
• Year: 2003
• Title: Water Board Revenue Bonds
• Legislation - Doc Type: Other CWCB Related Bills - Passed

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AVAILABLE FOR THE PAYMENT OF PRINCIPAL OF AND INTEREST ON THE

BONDS FOR ANY AMOUNTS PAID BY SUCH PROVIDERS WITH RESPECT TO

SUCH BONDS.

(4) BONDS MAY BE ISSUED IN SUCH AGGREGATE PRINCIPAL

AMOUNT, MAY BE ISSUED IN ONE OR MORE SERIES, MAY BEAR SUCH DATES,

MAY BE IN SUCH DENOMINATION OR DENOMINATIONS, MAY MATURE ON

ANY DATE OR DATES, MAY MATURE IN SUCH AMOUNT OR AMOUNTS, MAY

BE IN SUCH FORM, MAY BE PAYABLE AT SUCH PLACE OR PLACES, MAY BE

SUBJECT TO SUCH TERMS OF REDEMPTION WITH OR WITHOUT A PREMIUM

WITH REGARD TO INSURANCE, MAY q)NTAIN SUCH PROVISIONS AS THE

STATE TREASURER, IN CONSULTATION WITH THE BOARD, DEEMS

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APPROPRIATE REGARDING INSURANCE TO ENSURE THE TIMELY PAYMENT OF

THE BONDS, AND MAY CONTAIN SUCH OTHER PROVISIONS CONSISTENT

WITH THE PROVISIONS OF THIS PART 2 As THE BOARD MAY DETERMINE.

(5) THE RATE OR RATES OF INTEREST BORNE BY THE BONDS MAY

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16 BE FIXED, ADJUSTABLE, OR VARlABLlj OR ANY COMBINATION THEREOF

17 WITHOUT REGARD TO ANY INTEREST RATE LIMITATION APPEARING IN ANY

18 OTHER LAW OF THIS STATE. SUCH NOTES SHALL BE DETERMINED BY THE

19 STATE TREASURER IN CONSULTATION WITH THE BOARD IN ACCORDANCE

20 WITH SUBSECTION (8) OF THIS SECTION.

21 (6) BONDS MAYBE SOLD AT PUBLIC OR PRIVATE SALE AND MAY BE

22 SOLD AT, ABOVE, OR BELOW THE PRINCIPAL AMOUNTS THEREOF. THE SALE

23 OF BONDS SHALL NOT BE SUBJECT TO THE "PROCUREMENT CODE",

24 ARTICLES 101 TO 112 OF TITLE 24, C.R.S.

25 (7) BONDS SHALL BE SIGNED AND ISSUED UNDER THE SEAL OF THE

26 BOARD IN ACCORDANCE WITH SECTION 37-60-108. PURSUANT TO ARTICLE

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55 OF TITLE 11, C.R.S., REQUIRED SIGNATURES MAY BE FACSIMILE

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SB03-236