§ 24-90-517 — Dissolution procedures

Colorado § 24-90-517

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Libraries

Text

Any facilities district organized
pursuant to this part 5 may be dissolved after notice is given, publication is made,
and a hearing is held in the manner prescribed by sections 24-90-506 and 24-90-507. The dissolution shall be commenced with a filing by the governing body with
the clerk or secretary of the governing body of a resolution of the governing body
approving the dissolution. After hearing any protest against or objection to the
dissolution, and if the governing body determines that it is for the best interests of
all concerned to dissolve the facilities district, the governing body shall so provide
by an effective resolution, a certified copy of which shall be filed in the office of the
county clerk and recorder in each county in which the facilities district or any part
of the facilities district is located. Upon the filing, the dissolution shall be complete.
However, no facilities district shall be dissolved until it has satisfied or paid in full
all outstanding indebtedness, obligations, and liabilities issued to provide library
capital facilities or until funds are on deposit and available therefor.

Legislative History

Source: L. 2003: Entire part added, p. 2474, � 29, effective August 15.