Colorado § 11-57-205 - Delegation of authority.
Full text of Colorado Colorado Revised Statutes § 11-57-205 — Delegation of authority., with citation guidance and answers to common questions.
§ 11-57-205. Delegation of authority.
(1) The issuing authority of a public entity may, in the act of issuance, at any time, delegate to any member of the issuing authority, chief executive officer, or chief financial officer of the public entity the authority to sign a contract for the purchase of the securities or to accept a binding bid for the securities. Such delegation shall be effective for one year after adoption of the act of issuance or such shorter period as specified in the act of issuance. In addition to any determinations that may be delegated in accordance with other provisions of state law, the following determinations may be delegated to such member or officer without any requirement that the issuing authority approve such determinations:
(a) The rate of interest on the securities;
(b) The conditions on which and the prices at which the securities may be redeemed before maturity;
(c) The existence and amount of any capitalized interest or reserve funds;
(d) The price at which the securities will be sold;
(e) The principal amount and denominations of the securities;
(f) The amount of principal maturing in any particular year;
(g) The dates on which principal and interest shall be paid;
(h) The securities to be refunded, if any; and
(i) Whether the securities will be secured by an assurance of payment as described in section 11-57-207 (2) and the terms of any agreement with the third party providing the assurance of payment.
(2) All terms of the securities other than the matters described in subsection (1) of this section shall be approved by the issuing authority of the public entity before the securities are delivered.
Source: L. 2000: Entire part added, p. 135, § 1, effective August 2. L. 2004: (1)(h) and (1)(i) added, p. 949, § 2, effective May 21. L. 2008: IP(1) amended, p. 626, § 1, effective August 5.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 11-57-205
What does Colorado Revised Statutes § 11-57-205 cover?
Section 11-57-205 ("Delegation of authority.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 11-57-205?
A common citation format is "Colorado Revised Statutes § 11-57-205" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 11-57-205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.