3 Colo. Code Regs. § 704-2-59-8.3

Current through Register Vol. 47, No. 20, October 25, 2024

Section 3 CCR 704-2-59-8.3 - Disclosure reguirements

As a condition of registration of the issuance or distribution of bonds under section 11-59-108, C.R.S., districts issuing bonds and other persons making distributions of bonds shall, absent a showing that the following provisions are not necessary or appropriate in the public interest:

A. Comply with all of the primary and secondary market disclosure requirements of SEC rule 15c2-12, notwithstanding that an exemption from such disclosure requirements may be available under such rule, and

B. Provide a quarterly update of the material financial and operating information that is contained in the disclosure document relating to such bonds to the beneficial owners of such bonds and the Securities Commissioner. Prior to the effectiveness of the registration, the district shall specify to the Securities Commissioner what information in the disclosure document will be updated on a quarterly basis.

3 CCR 704-2-59-8.3