Colorado § 32-15-119 - Sale of special obligation bonds.
Full text of Colorado Colorado Revised Statutes § 32-15-119 — Sale of special obligation bonds., with citation guidance and answers to common questions.
§ 32-15-119. Sale of special obligation bonds.
(1) Any special obligation bonds issued pursuant to this article shall be sold at public or private sale for not less than the principal amount thereof and accrued interest, or at the option of the board, below par, at a discount not exceeding seven percent of the principal amount thereof, but such special obligation bonds shall never be sold at a price such that the net effective interest rate exceeds the maximum net effective interest rate authorized.
(2) No discount, except as provided in subsection (1) of this section, or commission shall be allowed or paid on or for any sale to any purchaser or bidder, directly or indirectly.
Source: L. 96: Entire article added, p. 1072, § 1, effective May 23.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 32-15-119
What does Colorado Revised Statutes § 32-15-119 cover?
Section 32-15-119 ("Sale of special obligation bonds.") 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 § 32-15-119?
A common citation format is "Colorado Revised Statutes § 32-15-119" (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 § 32-15-119 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.