Colorado § 22-40-107 Short-term loans

Colorado Statutes

§ 22-40-107 — Short-term loans

Colorado·Title 22 Education·Art. Tax Levies and Revenues

(1)The board of education of any school district may negotiate or contract with any person, corporation, association, or company for a loan not to exceed the difference between the anticipated revenues for the current fiscal year for the general fund and the amount credited to date to said general fund in order to eliminate the necessity of issuing registered warrants upon said general fund. Such loan shall be liquidated within six months of the close of the fiscal year from moneys subsequently credited to said general fund.

(2)Repealed.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The board of education of any school
district may negotiate or contract with any person, corporation, association, or
company for a loan not to exceed the difference between the anticipated revenues
for the current fiscal year for the general fund and the amount credited to date to
said general fund in order to eliminate the necessity of issuing registered warrants
upon said general fund. Such loan shall be liquidated within six months of the close
of the fiscal year from moneys subsequently credited to said general fund.

(2) Repealed.

Colorado § 22-40-107 (Short-term loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 64: R&RE, p. 543, � 1. C.R.S. 1963: � 123-3-7. L. 65: p. 973, � 1. L. 75: (2) amended, p. 786, � 7, effective July 1. L. 80: (1) amended, p. 556, � 1, effective April 13. L. 81: (2) repealed, p. 2026, � 22, effective July 14. L. 90: (1) amended, p. 1082, � 38, effective May 31.