Colorado § 24-32-1710 - Notifications and validity of allocations from the statewide balance.
Full text of Colorado Colorado Revised Statutes § 24-32-1710 — Notifications and validity of allocations from the statewide balance., with citation guidance and answers to common questions.
§ 24-32-1710. Notifications and validity of allocations from the statewide balance.
(1) The department shall notify the issuing authority in writing of the amount allocated or not allocated from the statewide balance to the proposed project.
(2) The notification shall:
(a) Be of such format as determined by the department and as conforms to the code;
(b) Specify the amount of bonds that the issuing authority may issue based upon an allocation from the statewide balance;
(c) Specify the commencement date and the expiration date of the statewide balance award period; and
(d) Be mailed to the issuing authority and the legal counsel specified in the application at the address specified in the application.
(3) Any allocation of the statewide balance shall be valid only until the expiration of the statewide balance award period unless the bonds are issued and delivered or a mortgage credit certificate election is made within the statewide balance award period, in which event, the allocation shall be subtracted from the statewide balance on the date of the issuance and delivery of the bonds or the date of the mortgage credit certificate election. If no bonds are issued or if no mortgage credit certificate election is made before the expiration of the statewide balance award period, the allocation from the statewide balance shall be relinquished to the statewide balance.
Source: L. 87: Entire part added, p. 995, § 1, effective May 20.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-32-1710
What does Colorado Revised Statutes § 24-32-1710 cover?
Section 24-32-1710 ("Notifications and validity of allocations from the statewide balance.") 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 § 24-32-1710?
A common citation format is "Colorado Revised Statutes § 24-32-1710" (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 § 24-32-1710 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.