Colorado § 11-59-102 - Legislative declaration.
Full text of Colorado Colorado Revised Statutes § 11-59-102 — Legislative declaration., with citation guidance and answers to common questions.
§ 11-59-102. Legislative declaration.
(1) The general assembly finds that:
(a) The financial reputation and integrity of all local governments and political subdivisions are a matter of statewide concern;
(b) There is a growing concern statewide with special districts and municipal and county improvement districts that are either insolvent or threatened with insolvency and the attendant impairment of viability and of the ability to provide public services; and
(c) The credit reputation of political subdivisions of the state of Colorado is of vital interest to citizens of the state.
(2) The general assembly determines that it is necessary to empower the securities commissioner to regulate and monitor the issuance of municipal bonds of political subdivisions and to develop information and recommendations for appropriate action for the general assembly in connection therewith.
(3) The general assembly declares that the annual disclosure of financial and credit information for public securities will benefit both issuers and investors by expanding and stabilizing the market for public securities and thereby improving the marketability of such securities.
(4) Therefore, the general assembly declares that it is in the best interests of this state and its citizens that safeguards and full disclosure be made in connection with the issuance of bonds of special districts and municipal and county improvement districts and that this article is necessary to protect the continued provision of public services and the credit of political subdivisions. This article is remedial in nature and is to be broadly construed to effectuate its purposes.
Source: L. 91: Entire article added, p. 2404, § 1, effective January 1, 1992.
Frequently Asked Questions About Colorado § 11-59-102
What does Colorado Revised Statutes § 11-59-102 cover?
Section 11-59-102 ("Legislative declaration.") 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 § 11-59-102?
A common citation format is "Colorado Revised Statutes § 11-59-102" (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 § 11-59-102 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.