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2020 Colorado Revised Statutes
Title 29 - Government - Local
Article 23. Pueblo Depot Activity Development Authority
Section 29-23-112. Investments.
Universal Citation: CO Rev Stat § 29-23-112 (2020)
The authority may invest or deposit any funds in the manner provided by part 6 of article 75 of title 24, C.R.S. In addition, the authority may direct a corporate trustee which holds funds of the authority to invest or deposit such funds in investments or deposits other than those specified by such part 6 if the board determines, by resolution, that such investment or deposit meets the standard established in section 15-1-304, C.R.S., the income is at least comparable to income available on investments or deposits specified by such part 6, and such investment will assist the authority in the financing, construction, maintenance, or operation of the Pueblo depot activity.
Source: L. 94: Entire article added, p. 963, § 1, effective April 28.
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