Colorado § 29-1-112 Payment for contingencies

Colorado Statutes

§ 29-1-112 — Payment for contingencies

Colorado § 29-1-112

Title 29Government

Art.Budget and Services

This text of Colorado § 29-1-112 (Payment for contingencies) 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. § 29-1-112 (2026).

Text

In case of an emergency and the
passage of an ordinance or resolution authorizing additional expenditures in excess
of the appropriation as provided in section 29-1-111 and if there is money available
for such excess expenditure in some other fund or spending agency which will not
be needed for expenditures during the balance of the fiscal year, the governing
body shall transfer the available money from such fund to the fund from which the
excess expenditures are to be paid. If available money which can be so transferred
is not sufficient to meet the authorized excess expenditure, then the governing
body may obtain a temporary loan to provide for such excess expenditures. The
total amount of the temporary loan shall not exceed the amount which can be
raised by a two-mill levy on 

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In case of an emergency and the
passage of an ordinance or resolution authorizing additional expenditures in excess
of the appropriation as provided in section 29-1-111 and if there is money available
for such excess expenditure in some other fund or spending agency which will not
be needed for expenditures during the balance of the fiscal year, the governing
body shall transfer the available money from such fund to the fund from which the
excess expenditures are to be paid. If available money which can be so transferred
is not sufficient to meet the authorized excess expenditure, then the governing
body may obtain a temporary loan to provide for such excess expenditures. The
total amount of the temporary loan shall not exceed the amount which can be
raised by a two-mill levy on the total assessed valuation of the taxable property
within the limits of the local government of such governing body.