§ 26-12-113 — Anticipation warrants - legislative declaration

Colorado § 26-12-113

• Jurisdiction: Colorado
• Title 26: Human
• Art.: Veterans Community Living Centers Act

Text

(1) (a) For the
purpose of defraying the cost of construction of new facilities, reconstruction or
improvement of existing facilities, and maintenance and operation of such facilities,
the state department may, with the approval of the governor, issue anticipation
warrants that shall be payable solely from the sinking fund account described in
section 26-12-112, and the payments and interest on such anticipation warrants
shall be a first charge on and shall be payable from said account.

(b) The general assembly hereby finds and declares that the authority to
issue anticipation warrants as set forth in this section shall constitute authority to
issue revenue bonds for the purposes of section 20 of article X of the state
constitution.

(2) Any other provision of this article notwithstanding, the state department
may not issue any anticipation warrants or otherwise borrow funds for the
construction of additional veterans centers, unless the construction of additional
veterans centers is specifically authorized by law.

Legislative History

Source: L. 98: Entire article R&RE, p. 188, � 1, effective April 10. L. 2014: (2) amended, (SB 14-096), ch. 59, p. 268, � 17, effective August 6.