Colorado § 23-71-501 - Definitions.
Full text of Colorado Colorado Revised Statutes § 23-71-501 — Definitions., with citation guidance and answers to common questions.
§ 23-71-501. Definitions.
As used in this part 5, unless the context otherwise requires:
(1) "Board of trustees" means the governing body authorized by law to administer the affairs of any local college district.
(2) "District" means a local college district organized and existing pursuant to law.
(2.5) "Eligible elector" means an elector who has complied with the registration provisions of article 2 of title 1, C.R.S., and who resides within the local college district calling the election.
(3) "Net effective interest rate" of a proposed issue of bonds means the net interest cost of the issue divided by the sum of the products derived by multiplying the principal amount of such issue maturing on each maturity date by the number of years from the date of said proposed bonds to their respective maturities. In all cases, the net effective interest rate shall be computed without regard to any option of redemption prior to the designated maturity dates of the bonds.
(4) "Net interest cost" of a proposed issue of bonds means the total amount of interest to accrue on said bonds from their date to their respective maturities, plus the amount of any discount below par or less the amount of any premium above par at which said bonds are being or have been sold. In all cases the net interest cost shall be computed without regard to any option of redemption prior to the designated maturity dates of the bonds.
(5) and (6) (Deleted by amendment, L. 92, p. 860, § 72, effective January 1, 1993.)
Source: L. 75: Entire article added, p. 767, § 1, effective July 1. L. 86: (1) amended, p. 860, § 41, effective July 1. L. 92: (2.5) added and (5) and (6) amended, p. 860, § 72, effective January 1, 1993.
Frequently Asked Questions About Colorado § 23-71-501
What does Colorado Revised Statutes § 23-71-501 cover?
Section 23-71-501 ("Definitions.") 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 § 23-71-501?
A common citation format is "Colorado Revised Statutes § 23-71-501" (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 § 23-71-501 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.