§ 24-90-510 — General powers of facilities district

(1) The facilities district
has the following limited powers:

(a) To have perpetual existence;

(b) To have and use a corporate seal;

(c) To sue and be sued and be a party to suits, actions, and proceedings;

(d) To enter into contracts and agreements, except as otherwise provided in
this part 5, affecting the affairs of the facilities district, including contracts with the
United States and any of its agencies or instrumentalities. Except in cases in which
a facilities district receives aid from an agency of the federal government, a notice
shall be published for bids on all construction contracts for work or material or both
involving an expense of one thousand dollars or more. The facilities district may
reject any and all bids, and, if it appears that the facilities district can perform the
work or secure material for less than the lowest bid, it may proceed to do so.

(e) To borrow money and incur general obligation indebtedness and evidence
the same by bonds, certificates, warrants, notes, and debentures in accordance
with the provisions of this part 5;

(f) To acquire, finance, construct, install, operate, and maintain the library
capital facilities contemplated by this part 5, including all property, rights, or
interests incidental or appurtenant thereto, and to dispose of real and personal
property and any interest therein, including leases and easements in connection
therewith;

(g) To refund any general obligation indebtedness of the facilities district
without an election; otherwise, the terms and conditions of refunding bonds shall be
substantially the same as those of an original issue of bonds of the facilities
district;

(h) To have the management, control, and supervision of all the business and
affairs of the facilities district and of the acquisition, construction, installation,
operation, and maintenance of the facilities district's library capital facilities;

(i) To adopt and amend bylaws not in conflict with the constitution and laws
of the state or with the ordinances of the county or municipality affected for
carrying on the business, objects, and affairs of the governing body and of the
facilities district;

(j) To exercise all rights and powers necessary or incidental to or implied
from the specific powers granted in this part 5. Such specific powers shall not be
considered as a limitation upon any power necessary or appropriate to carry out the
purposes and intent of this part 5.

(k) To conduct an election in accordance with articles 1 to 13 of title 1, C.R.S.,
for any purpose the board deems necessary or required.

Legislative History

Source: L. 2003: Entire part added, p. 2471, � 29, effective August 15.