Colorado Statutes
§ 30-11-407 — Short-term loans for new authorities
Colorado § 30-11-407
This text of Colorado § 30-11-407 (Short-term loans for new authorities) 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. § 30-11-407 (2026).
Text
In order to provide funds
for a new authority to operate prior to the receipt of revenues from property taxes,
an authority may contract with any person, corporation, association, or company for
a short-term loan, not to exceed the amount necessary for such operation, and such
loan shall be fully paid within twelve months; but subsequent short-term loans may
be made in each budget year in smaller amounts and shall be paid within six
months. Such subsequent loans shall be scheduled to liquidate the accumulated
debt fully in a period not to exceed ten years after the date of the first loan. Interest
paid on such loans shall be exempt from taxation by the state or any political
subdivision thereof.
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Legislative History
Source: L. 69: p. 241, � 7. C.R.S. 1963: � 36-27-7.
Nearby Sections
15
§ 30-1-101
Classification of counties - fixing fees§ 30-1-102
Fees of county treasurer - repeal§ 30-1-104
Fees of sheriff§ 30-1-107
Penalty for violation - duties§ 30-1-108
Schedule of fees posted§ 30-1-109
Fee bill§ 30-1-110
Penalty for failure to serve§ 30-1-111
Unauthorized fees - penalty§ 30-1-112
Fees paid monthly§ 30-1-113
Officers to keep account of fees§ 30-1-114
Monthly report of officers§ 30-1-115
Commissioners to audit accounts§ 30-1-116
Officers shall collect fees in advanceCite This Page — Counsel Stack
Bluebook (online)
Colorado § 30-11-407, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/30/30-11-407.