LEG00050

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

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SIGNATURES IMPRINTED, ENGRAVED, STAMPED, OR OTHERWISE PLACED ON
THE BONDS; EXCEPT THAT, IF ALL OF THE SIGNATURES ON THE BONDS ARE
FACSIMILE SIGNATURES, PROVISIONS SHALL BE MADE FOR A MANUAL
AUTHENTICATING SIGNATURE ON THE BONDS BY OR ON BEHALF OF A
DESIGNATED AUTHENTICATING AGENT.
(8) THE BOARD MAY PAY ALL FEES, EXPENSES, AND COMMISSIONS
THAT THE BOARD DEEMS NECESSARY OR ADV ANT AGEOUS IN CONNECTION
WITH THE SALE OF BONDS. THE BOARD SHALL DELEGATE THE POWER TO
FIX THE DATE OF SALE OF BONDS, TO RECEIVE BIDS OR PROPOSALS, TO
AWARD AND SELL BONDS, TO FIX INTEREST RATES, AND TO RETAIN AND TO
TAKE ALL OTHER ACTION NECESSARY TO SELLAND DELIVER BONDS TO THE
STATE TREASURER, WHO SHALL ACT IN CONSULTATION WITH THE BOARD.
THE STATE TREASURER SHALL ALSO BE AUTHORIZED TO ACT ON BEHALF OF
AND IN CONSULTATION WITH THE BOARD TO ENGAGE THE SERVICES OF
SUCH CONSULTANTS, FINANCIAL ADVISORS, UNDERWRITERS, BOND
INSURERS, LETTER OF CREDIT BANKS, RATING AGENCIES, AGENTS, OR
OTHER PERSONS WHOSE SERVICES MAY BE REQUIRED OR DEEMED
ADVANTAGEOUS BY THE BOARD AND THE STATE TREASURER IN
CONNECTION WITH SUCH BONDS. THE STATE TREASURER SHALL CONTRACT
FOR SUCH SERVICES IN ACCORDANCE WITH THE "PROCUREMENT CODE",
ARTICLES 101 TO 112 OF TITLE 24, C.R.S.; EXCEPT THAT CONTRACTING
FOR SERVICES OF BOND INSURERS, UNDERWRITERS, LETTER OF CREDIT
BANKS, AND RATING AGENCIES SHALL NOT BE SUBJECT TO THE
"PROCUREMENT CODE".
(9) ANY OUTSTANDING BONDS MAY BE REFUNDED BY THE BOARD
PURSUANT TO ARTICLE 56 OF TITLE 11, C.R.S. ALL BONDS ARE DECLARED
TO BE NEGOTIABLE INSTRUMENTS.

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SB03-236