Colorado § 35-75-119 - Investment powers of authority.
Full text of Colorado Colorado Revised Statutes § 35-75-119 — Investment powers of authority., with citation guidance and answers to common questions.
§ 35-75-119. Investment powers of authority.
The authority may invest any money held in reserve, sinking funds, capital reserve funds, or any funds not required for immediate disbursement in property or in securities in which the state treasurer may legally invest money subject to the state treasurer's control; sell from time to time such securities thus purchased and held; and deposit securities in a trust bank within or without the state. In addition, the authority may invest the money in unsecured promissory notes of a national bank having the highest investment ratings. Any money deposited in a banking institution shall be secured in such manner and subject to such terms and conditions as the board may determine, with or without payment of interest on such deposit, including, without limitation, time deposits evidenced by certificates of deposit. A commercial bank incorporated under the laws of this state that may act as a depository of the money of the authority may issue indemnifying bonds or may pledge such securities as may be required by the board.
Source: L. 81: Entire article added, p. 1743, § 1, effective June 19. L. 2025: Entire section amended, (HB 25-1084), ch. 24, p. 146, § 182, effective August 6.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 35-75-119
What does Colorado Revised Statutes § 35-75-119 cover?
Section 35-75-119 ("Investment powers of authority.") 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 § 35-75-119?
A common citation format is "Colorado Revised Statutes § 35-75-119" (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 § 35-75-119 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.