Colorado § 40-15-503.5 - Financial assurance - rules.
Full text of Colorado Colorado Revised Statutes § 40-15-503.5 — Financial assurance - rules., with citation guidance and answers to common questions.
§ 40-15-503.5. Financial assurance - rules.
(1) The commission may require regulated telecommunications service providers to post a bond or provide other security as a condition of obtaining a certificate, registration, or operating authority, whichever instrument or instruments apply. In setting the amount of the bond or security, the commission may consider the following criteria:
(a) The financial viability of the service provider, as evidenced by its audited financial statements and its general credit history;
(b) The total amount of deposits made by customers to the provider to obtain service and the aggregate amount of prepayments made by customers for monthly regulated service; and
(c) The history of the provider's statutory payment obligations, including those to the Colorado high cost support mechanism, the Colorado telephone relay system, and the Colorado telecommunications utility fund.
(2) The commission may promulgate rules to implement this section and may impose additional criteria consistent with this section.
Source: L. 2003: Entire section added, p. 1700, § 7, effective May 14. L. 2013: (1)(c) amended, (SB 13-194), ch. 89, p. 289, § 3, effective April 1. L. 2019: (1)(c) amended, (SB 19-236), ch. 359, p. 3316, § 25, effective May 30.
Frequently Asked Questions About Colorado § 40-15-503.5
What does Colorado Revised Statutes § 40-15-503.5 cover?
Section 40-15-503.5 ("Financial assurance - rules.") 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 § 40-15-503.5?
A common citation format is "Colorado Revised Statutes § 40-15-503.5" (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 § 40-15-503.5 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.