Denver - Recent refinancings of certificates of participation and plans for more underscore the willingness of Colorado issuers to refund COP debt, but uncertainties surrounding Amendment 1 still stand in the way of new issues, bond attorneys say.

Late last month, Dougherty, Dawkins, Strand & Bigelow Inc. underwrote a Boulder County refinancing of $6.4 million of COPs used to build a jail in 1986. The sale followed a similar refunding for Huerfano County this year. Several larger COP refinancings are planned during the next month, including a $37 million refunding by Aurora set for pricing next week.

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