§ 23-71-404 — County treasurer - accounts - warrants

Colorado § 23-71-404

• Jurisdiction: Colorado
• Title 23: Postsecondary Education
• Art.: Local District Colleges

Text

(1) It is the duty of the
county treasurer to keep separate accounts by funds and subsidiary accounts for
the bond redemption fund of each district in his county, and said funds and
accounts shall be subject to the warrants of said district. The tax revenues shall be
credited to the proper fund and account, together with any penalty interest
collected thereon.

(2) If only a portion of a district is situate within the territorial limits of said
county and the headquarters of said district are not located therein, the county
treasurer shall transfer, at the end of each month, all moneys which have accrued
to the credit of said district to the county treasurer of the county wherein the
headquarters of said district is located. No warrant shall be drawn by a district
situate in more than one county against its moneys except against those moneys in
the custody of the county treasurer of the county wherein the district headquarters
is located.

(3) If a district warrant is presented to the county treasurer of a district
situate in his county and there are no moneys or insufficient moneys to the credit of
said district in the proper fund or account thereof to pay such warrant, it is the duty
of said county treasurer to register such warrants in the order of presentment and
endorse each such warrant no funds. Registered warrants shall draw interest
from the date of such registration and endorsement at the rate and in the manner
as registered county warrants. The county treasurer shall keep a list of all warrants
so registered and endorsed and furnish a copy of said list to the treasurer of said
district. The county treasurer shall pay both the principal and interest of said
warrants, in the order of registration, when there are sufficient moneys to the credit
of the district fund or account upon which any such warrant was drawn. It is his duty
to cause to be published in a newspaper with general distribution in said district for
five days a notice that certain district warrants, describing said warrants by
numbers and amounts, will be paid upon presentation at the expiration of said five-day notice, at which time said warrants shall cease to bear interest.

(4) It is unlawful for a district to issue warrants in excess of the amount
budgeted or appropriated to or the anticipated revenues for any fund, whichever is
less, for said district's fiscal year whether or not the board of trustees of said
district has elected to withdraw its moneys from the custody of the county
treasurer.

(5) It is the duty of the county treasurer to cancel all paid district warrants
with a proper canceling stamp and indicate the date of payment thereof.

Legislative History

Source: L. 75: Entire article added, p. 765, � 1, effective July 1. L. 84: (1) amended, p. 1002, � 2, effective March 16. L. 86: (4) amended, p. 859, � 37, effective July 1.