PDPA: Public Deposit Protection Act

Conservation Districts: If asked for the PDPA number from your bank, please see this website and the information below. You can obtain the number directly from the list online at https://www.colorado.gov/pacific/dora/node/98576

Directly from DORA's website: "Official custodians for public units and entities that fall under Colorado's Public Deposit Protection Act are required to apply to the Division of Banking for (an) identification number(s) for any monies in bank deposit accounts.

NOTE: Some official custodians may have never applied for or received a number. Changes that have occurred since the issuance of numbers may not be reflected unless the Division of Banking is notified. Eligible public depositories should report to the Division all public funds placed in deposit accounts, even when a PDPA number has not been issued. When the Official Custodian Identification Number(s) have been obtained, the custodian will provide each eligible public depository in which funds are deposited with the assigned identification numbers.

Please contact the Division of Banking at 303-894-7575 if you have questions regarding the numbers or would like them to update the information for the public unit or entity for which you are the official custodian."

Important: Any Official Custodian who violates the provisions of the PDPA is guilty of a misdemeanor punishable by a fine of between $200 and $500 and possible removal from public office. This includes not knowing if your bank is a PDPA-eligible depository.

Local Investment Guide

For the most current Legal Investments for Local Government information and documents, visit DOLA directly at https://www.colorado.gov/pacific/dola/research-and-publications

Also, please note the handout listed below. It's a short FAQ that was produced by the Department of Local Affairs (DOLA) for Local Governments/Special Districts in Colorado. The Division of Local Government and Colorado Department of Agriculture's Conservation Services Division does not represent the information provided below to be a complete review of relevant statutes for every local government entity type. The information provided is not to be considered or construed as legal advice. Any local government considering an investment of public money should obtain competent legal counsel.