Colorado § 22-42-114 Board may issue bonds - exemption from Colorado income tax

Colorado Statutes

§ 22-42-114 — Board may issue bonds - exemption from Colorado income tax

Colorado § 22-42-114

Title 22Education

Art.Bonded Indebtedness

This text of Colorado § 22-42-114 (Board may issue bonds - exemption from Colorado income tax) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 22-42-114 (2026).

Text

When approved at an election held pursuant to section 22-42-102, the board of
education, from time to time, as the proceeds thereof shall be needed for the
purposes specified in the notice of said bond election, shall issue bonds of the
district in denominations of one thousand dollars or any multiple of one thousand
dollars, in its discretion, bearing interest at a rate such that the annual and total
repayment costs do not exceed the limits set forth in the notice of the bond
election and payable at such time determined in the discretion of the board, which
bonds shall mature serially, commencing not later than five years and extending
not more than twenty-five years after the date thereof. Principal and interest
thereon shall be payable at such place as shall be determined by sa

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When approved at an election held pursuant to section 22-42-102, the board of
education, from time to time, as the proceeds thereof shall be needed for the
purposes specified in the notice of said bond election, shall issue bonds of the
district in denominations of one thousand dollars or any multiple of one thousand
dollars, in its discretion, bearing interest at a rate such that the annual and total
repayment costs do not exceed the limits set forth in the notice of the bond
election and payable at such time determined in the discretion of the board, which
bonds shall mature serially, commencing not later than five years and extending
not more than twenty-five years after the date thereof. Principal and interest
thereon shall be payable at such place as shall be determined by said board and
designated in said bonds. Said bonds shall be made callable for redemption,
commencing no later than eleven years after their date, in such manner, with or
without premium, as may be determined by the board. Interest on bonds issued on
or after July 1, 1973, pursuant to this article shall be exempt from Colorado income
tax.

Legislative History

Source: L. 64: R&RE, p. 553, � 1. C.R.S. 1963: � 123-11-15. L. 70: p. 336, � 10. L. 71: p. 1149, � 4. L. 73: p. 1250, � 1. L. 74: Entire section amended, p. 419, � 66, effective April 11. L. 2010: Entire section amended, (HB 10-1013), ch. 399, p. 1898, � 5, effective June 10.