Colorado § 27-91-103 Debts in excess of appropriation - emergencies

Colorado Statutes

§ 27-91-103 — Debts in excess of appropriation - emergencies

Colorado·Title 27 Behavioral·Art. Institutions - General Administrative Provisions

The various
officers designated by law to control and direct the fiscal affairs of the several
state institutions shall not contract within any year any indebtedness in excess of
the amount named in any appropriation made for the support of any state institution
during that time; but, in cases of emergency, the governor may authorize the
contraction of such indebtedness that in his or her judgment is absolutely
necessary for the maintenance and support of the institution, until such time as the
general assembly meets. The officers of any state institution, supported by the levy
of any special tax, shall contract no indebtedness in any year in excess of eighty
percent of the gross amount of the levy made for that year from which to support
that institution.

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The various
officers designated by law to control and direct the fiscal affairs of the several
state institutions shall not contract within any year any indebtedness in excess of
the amount named in any appropriation made for the support of any state institution
during that time; but, in cases of emergency, the governor may authorize the
contraction of such indebtedness that in his or her judgment is absolutely
necessary for the maintenance and support of the institution, until such time as the
general assembly meets. The officers of any state institution, supported by the levy
of any special tax, shall contract no indebtedness in any year in excess of eighty
percent of the gross amount of the levy made for that year from which to support
that institution.

Colorado § 27-91-103 (Debts in excess of appropriation - emergencies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.