Colo. Rev. Stat. § 32-9-128

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session

Section 32-9-128 - Incurrence of special obligations

The district may borrow money in anticipation of the revenues and the sales tax proceeds of the district, but not the proceeds of any general ad valorem property taxes, and issue special obligation bonds to evidence the amount so borrowed. Any special obligation bonds or other obligations payable in whole or in part from the sales tax proceeds of the district or revenues of the district, or both, may be issued or incurred without an election, in anticipation of such sales tax proceeds or revenues, or both.

C.R.S. § 32-9-128

L. 69: p. 721, § 1. C.R.S. 1963: § 89-20-27. L. 70: p. 293, § 103. L. 73: 993, § 7. L. 82: Entire section amended, p. 501, § 6, effective April 15. L. 2000: Entire section amended, p. 308, § 5, effective April 5.