8 CCR 1508-2-1.13 - Reporting Requirements of State Agencies

A. State Agencies entering into Financial Obligations shall provide the following to the State Treasurer:

(1) No less than sixty (60) days prior to the date on which a State Agency expects that a Financial Obligation will be incurred, a State Agency shall provide written notice to the State Treasurer of that expectation;

(2) Not less than thirty (30) days prior to the date on which a State Agency expects that a refinancing of a Financial Obligation will be incurred, a State Agency shall provide written notice to the State Treasurer of that expectation;

(3) The State Agency shall provide the State Treasurer with information the State Treasurer considers necessary or appropriate to act as the issuing manager for the issuance or incurrence of the Financial Obligation, including, but not limited to cash flow projections associated with the repayment of any Financial Obligation;

B. No later than ten (10) days after a State Institution of Higher Education enters into or issues a Financial Obligation in a principal amount of one million dollars or more that is secured in whole or in part by State Revenues or revenues of the Institution of Higher Education and which the State Treasurer does not manage, including any bonds subject to the Higher Education Revenue Bond Intercept Program established in section 23-5-139, C.R.S., the State Institution of Higher Education shall notify the State Treasurer that it has entered into the Financial Obligation and shall provide at least the following information to the State Treasurer:

(1) A copy of any official statement or other offering document or memoranda for the issuance or incurrence of the Financial Obligation;

(2) A copy of any filings or correspondence with the federal Internal Revenue Service with respect to the issuance or incurrence, including, if applicable, a copy of each Form 8038 or Form 8038-G;

(3) A copy of the continuing disclosure undertaking; and

(4) Any other information related to the issuance or incurrence of the Financial Obligation as requested by the State Treasurer and within the provisions of this regulation.

C. No later than ten (10) days after the High-Performance Transportation Enterprise (the "HPTE") created in section 43-4-806(2), C.R.S. or the Statewide Bridge Enterprise (the "Bridge Enterprise") created in section 43-4-805(2), C.R.S., enters into financial contracts or instruments specified in section 24-36-121(3)(a)(II)(A) and 24-36-121(3)(a)(II)(B), C.R.S., the HPTE and the Bridge Enterprise shall notify the State Treasurer that they have entered into or issued such a financial contract or instrument and shall provide at least the following information to the State Treasurer:

(1) A copy of any official statement or other offering document or memoranda for the issuance or incurrence of such a financial contract or instrument;

(2) A copy of any filings or correspondence with the federal Internal Revenue Service with respect to the issuance or incurrence, including, if applicable, a copy of each Form 8038 or Form 8038-G;

(3) A copy of the continuing disclosure undertaking; and

(4) Any other information related to the issuance or incurrence of a financial contract or instrument as requested by the State Treasurer.

Notes

8 CCR 1508-2-1.13

. Rules 1.11 emer. rule eff. 06/14/2013. . Rules 1.12 emer. rule eff. 06/14/2013. . Rules 1.4 emer. rule eff. 06/14/2013. Rule 1.11 eff. 09/14/2013. Rule 1.12 eff. 09/14/2013. Rules 1.4 eff. 09/14/2013.