Colorado § 29-1-803 Deposit of land development charge

Colorado Statutes

§ 29-1-803 — Deposit of land development charge

Colorado § 29-1-803

Title 29Government

Art.Budget and Services

This text of Colorado § 29-1-803 (Deposit of land development charge) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 29-1-803 (2026).

Text

(1)All moneys from land development charges collected, including any such moneys collected but not expended prior to January 1, 1991, shall be deposited or, if collected for another local government, transmitted for deposit, in an interest-bearing account which clearly identifies the category, account, or fund of capital expenditure for which such charge was imposed. Each such category, account, or fund shall be accounted for separately. The determination as to whether the accounting requirement shall be by category, account, or fund and by aggregate or individual land development shall be within the discretion of the local government. Any interest or other income earned on moneys deposited in said interest-bearing account shall be credited to the account. At least once annually

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(1) All moneys from land
development charges collected, including any such moneys collected but not
expended prior to January 1, 1991, shall be deposited or, if collected for another
local government, transmitted for deposit, in an interest-bearing account which
clearly identifies the category, account, or fund of capital expenditure for which
such charge was imposed. Each such category, account, or fund shall be accounted
for separately. The determination as to whether the accounting requirement shall
be by category, account, or fund and by aggregate or individual land development
shall be within the discretion of the local government. Any interest or other income
earned on moneys deposited in said interest-bearing account shall be credited to
the account. At least once annually, the local government shall publish on its
official website, if any, in a clear, concise, and user-friendly format information
detailing the allocation by dollar amount of each land development charge
collected to an account or among accounts, the average annual interest rate on
each account, and the total amount disbursed from each account, during the local
government's most recent fiscal year.

(2) (Deleted by amendment, L. 2011, (HB 11-1113), ch. 23, p. 58, � 1, effective
December 31, 2011.)

Legislative History

Source: L. 90: Entire part added, p. 1439, � 1, effective January 1, 1991. L. 2011: Entire section amended, (HB 11-1113), ch. 23, p. 58, � 1, effective December 31.