Colorado § 24-75-704 - Investments - limitations.
Full text of Colorado Colorado Revised Statutes § 24-75-704 — Investments - limitations., with citation guidance and answers to common questions.
§ 24-75-704. Investments - limitations.
(1) The investments made with local government investment pool trust fund moneys shall be limited to those instruments which all participating local governments may individually invest in by law. The trust fund shall not be used to circumvent such statutory limitations on the investment authority of participating local government entities.
(2) In order to assure compliance with subsection (1) of this section, the securities commissioner may, by rule or order, require trust funds to be in substantial compliance with the rules and regulations regarding money market funds promulgated by the securities and exchange commission under section 270 of the federal "Investment Company Act of 1940". The securities commissioner may, by rule or order, waive or modify such rules or orders if the securities commissioner finds that their application in a particular instance is not necessary in the public interest.
Source: L. 93: Entire part R&RE, p. 323, § 1, effective July 1.
Editor's note: This section is similar to former § 24-75-702 as it existed prior to 1993. For a detailed comparison, see the comparative tables located in the back of the index.
Frequently Asked Questions About Colorado § 24-75-704
What does Colorado Revised Statutes § 24-75-704 cover?
Section 24-75-704 ("Investments - limitations.") 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 § 24-75-704?
A common citation format is "Colorado Revised Statutes § 24-75-704" (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 § 24-75-704 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.