Colorado § 24-75-905 - Authority to issue and sell notes.
Full text of Colorado Colorado Revised Statutes § 24-75-905 — Authority to issue and sell notes., with citation guidance and answers to common questions.
§ 24-75-905. Authority to issue and sell notes.
(1) The state treasurer, on behalf of the state, may, by resolution, issue from time to time and sell notes payable from the anticipated revenue of any fund in order to accomplish any of the purposes of this part 9. The proceeds of the notes may be applied for the payment of the costs of issuing the notes, for the payment of any expenditure otherwise payable from the revenue of the fund upon which the notes are issued, for the payment of the principal of, the interest on, or any premium due in connection with the redemption, purchase, or payment of any notes, or for the payment of any combination thereof. Pending such application, such proceeds may be invested or deposited as provided in this part 9.
(2) The state treasurer has the following powers in order to accomplish any of the purposes of this part 9, in addition to the powers otherwise granted by law:
(a) To use the seal of the state treasurer;
(b) To issue notes for the purposes provided in this part 9;
(c) To adopt resolutions;
(d) To engage the services of consultants, financial advisors, underwriters, attorneys, paying agents, registrars, remarketing agents, indexing agents, depositories, and other agents whose services may be required in connection with the notes;
(e) To enter into contracts and agreements in connection with the notes, including but not limited to contracts with persons specified in paragraph (d) of this subsection (2) and contracts providing for the purchase or repurchase of the notes; and
(f) To do all things necessary and convenient to carry out the purposes of this part 9 and in connection with the issuance of notes.
(3) The controller and the director of the office of state planning and budgeting shall, at the request of the state treasurer, assist and advise the state treasurer concerning the amount of notes to be issued and the terms and conditions under which the notes are to be issued.
Source: L. 86: Entire part R&RE, p. 968, § 1, effective July 1.
Editor's note: This section is similar to former § 24-75-905 as it existed prior to 1986.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-75-905
What does Colorado Revised Statutes § 24-75-905 cover?
Section 24-75-905 ("Authority to issue and sell notes.") 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 § 24-75-905?
A common citation format is "Colorado Revised Statutes § 24-75-905" (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 § 24-75-905 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.