Colorado Statutes
§ 23-71-522 — Changes in boundaries - liability
(1)Nothing in this part 5 or in
any other provision of law shall release the taxable property within a district which
incurred bonded indebtedness from liability for its proportionate share of the
outstanding obligations thereof.
(2)The taxable property located within the territory of a district which is
dissolved shall be liable for its proportionate share of the bonded indebtedness
incurred by the district.
(3)The taxable property of a district which is detached and annexed shall be
liable for its proportionate share of the bonded indebtedness previously incurred by
the annexing district.
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Legislative History
Source: L. 75: Entire article added, p. 775, � 1, effective July 1.
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Academic adjustments - documentation