{"data":{"id":"us-co/c.r.s.-32-11-544","jurisdiction":"us-co","citation":"C.R.S. § 32-11-544","heading":"Purchase price and interest.","body":"(1) Any district securities designated in section 32-11-501 (2) and otherwise issued under this article, as may be provided by the board in a resolution authorizing their issuance and in any indenture or other proceedings pertaining thereto, may be issued at, above, or below par, at a discount not exceeding seven percent of the principal amount of the securities; but they may not be issued at a price such that the net effective interest rate of the issue of securities exceeds the maximum net effective interest rate authorized.\n\n(2) Such district securities shall bear interest at a rate such that the net effective interest rate of the issue of securities does not exceed the maximum net effective interest rate authorized.","path":["Title 32 - SPECIAL DISTRICTS","Article 11 - Urban Drainage and Flood Control Act","Part 5 - INDEBTEDNESS AND FINANCIAL PROVISIONS"],"source_url":"https://olls.info/crs/crs2026-title-32.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"16e8267967ee66da1d9d0edb0cb794a80ca32ab00ecfdba412337ded0fa78825","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-32-11-543","next":"us-co/c.r.s.-32-11-545"},"notice":"GroundRules: Original legal text. Not legal advice."}