Colorado § 22-5-106.5 - Short-term loans.
Full text of Colorado Colorado Revised Statutes § 22-5-106.5 — Short-term loans., with citation guidance and answers to common questions.
§ 22-5-106.5. Short-term loans.
A board of cooperative services may, upon approval of its members, negotiate or contract with any person, corporation, association, or company for a loan not to exceed the difference between the anticipated revenues for the current fiscal year for the budget of the board of cooperative services and the amount credited to date to said budget in order to pay current obligations. Such loan shall be liquidated within six months thereafter from moneys subsequently credited to said budget. The total principal, interest, and fees to be paid on such loan shall not exceed the total amount of the authorized budget for the same length of time.
Source: L. 77: Entire section added, p. 1035, § 1, effective May 7. L. 91: Entire section amended, p. 899, § 37, effective June 5.
Frequently Asked Questions About Colorado § 22-5-106.5
What does Colorado Revised Statutes § 22-5-106.5 cover?
Section 22-5-106.5 ("Short-term loans.") 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 § 22-5-106.5?
A common citation format is "Colorado Revised Statutes § 22-5-106.5" (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 § 22-5-106.5 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.