Colorado § 23-15-118 - Exemption from taxation and securities law.
Full text of Colorado Colorado Revised Statutes § 23-15-118 — Exemption from taxation and securities law., with citation guidance and answers to common questions.
§ 23-15-118. Exemption from taxation and securities law.
The authority is hereby declared to be a public instrumentality of the state, performing a public function for the benefit of the people of the state for the improvement of their welfare and educational and cultural opportunities. Accordingly, the income or other revenues of the authority, all properties at any time owned by the authority, any bonds, notes, or other obligations issued pursuant to this article and the transfer thereof and the income therefrom (including any profit made on the sale thereof), and all mortgages, leases, trust indentures, and other documents issued in connection therewith shall be exempt at all times from all taxation and assessments in the state of Colorado. Bonds issued by the authority shall also be exempt from the "Colorado Securities Act", article 51 of title 11, C.R.S.
Source: L. 81: Entire article added, p. 1108, § 1, effective July 1. L. 89: Entire section amended, p. 992, § 9, effective April 8. L. 90: Entire section amended, p. 740, § 5, effective July 1. L. 98: Entire section amended, p. 607, § 12, effective May 4.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 23-15-118
What does Colorado Revised Statutes § 23-15-118 cover?
Section 23-15-118 ("Exemption from taxation and securities law.") 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 § 23-15-118?
A common citation format is "Colorado Revised Statutes § 23-15-118" (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 § 23-15-118 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.