Colorado bill letting metro district developers buy their own bonds passes Senate committee

The Denver Gazette: Metro district developers on Tuesday rallied around a bill that would in part provide greater financial disclosures to homebuyers but also continue to allow the builders to buy their own public financing — a direct salvo at another bill that aims to prevent it.

The most contentious portion of Senate Bill 23-110 squarely aims to legitimize metro district developers’ practice of purchasing portions of the tax-free municipal bonds they approved as members of a metro district board of directors.

Another bill on the other side of the Capitol, House Bill 23-1090, calls it a blatant conflict of interest and looks to stop it.

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